Term of the Road Dictionary


  • Language : PIARC Road Dictionary / English
  • Theme : Financial and Legal Tools Finance and Procurement Economics and Finance
  • Definition : Materials in a supply chain or in a segment of a supply chain, expressed in quantities, locations and/or values. Notes: 1. Stock can be situated in a pipeline, a warehouse, a store, in production, on a vehicle, in reception, etc., regardless of the actual ownership of these materials. 2. Stock was oriinally the physical article(s) and inventory was a list representing it, but the two terms have become interchangeable in use. 3. Inventory, when used as a generic term, is synonymous with stock. This use is common in the USA and extensive in the UK [EN 14943].
  • Synonyms : inventory

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