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in todays episode were going to discuss what is inventory this is part of our learning logistics series where we discuss the basic supply chain and logistics concept now we covered the definition of the band and supply planning in earlier episodes and as a continuation of those concepts we take a look at inventory and inventory management welcome to learning logistics brought to you by the NBC logistics Academy we do supply 10 videos here is an indication more fun and in there to digest so what are you say lets get started now by definition inventory is the goods that are available for sale plus the raw materials used to produce goods that will be available for sale in the future inventory includes any assets that your business purchases or processes to produce its goods and/or services now inventory sometimes is also called stock or trading stock or inventory stock inventory represents one of the most important assets that a business has because the turnover of inventory represents