Inventory is the total amount of goods and materials that a business holds for eventual sale or use. It may include raw materials, finished products, partially completed products, spare parts, components, and supplies used in production or distribution.

Inventory management is the process of tracking and controlling inventory levels, orders, sales, and deliveries. It involves the monitoring of supply and demand to ensure that enough stock is available for sale but not so much that it becomes a burden on cash flow.

By efficiently managing their inventory, businesses can better track their product costs and improve customer service by ensuring that they have the right items in stock when customers need them. Good inventory management helps businesses optimize their workflows, maximize profits, and increase customer satisfaction.

In the auto industry, vehicle inventory is a process used by businesses to track the quantity of vehicles in their possession. This includes everything from private vehicles owned by individuals and businesses, to fleet vehicles used for commercial purposes. The inventory process is typically conducted on a regular basis to ensure that all vehicles are accounted for and any discrepancies can be quickly resolved. It also helps with forecasting and planning for future acquisitions and sales.