"Inventory is bad, inventory is evil," finance and operations professors intone across business schools worldwide. And every B-school graduate knows companies should balance enough inventory to meet ...

An itemized list or catalog of the stock of a business There's more to inventory control than simply buying new products. You have to know what to buy, when to buy it and how much to buy.

How to calculate an inventory item on the balance sheet using First In, First Out (FIFO) and Last In, First Out (LIFO)—and ...