Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages
Filter by Categories
Glossary
News

Inventory on Hand Definition

Understanding the Term

The amount of stock present in a retail or outlet store and ready to be distributed to interested consumers.

The formula for calculating inventory on hand is:

[inventory on hand] = [last recorded inventory] + [stock replenishment] – [sales] – [other disposals]

The alternative to this formula is to count the inventory manually.