Inventoried

To *inventoried* means to create a detailed list or record of something, typically items or assets. This process involves identifying, classifying, and quantifying these items. It is a systematic procedure used to determine the quantity, condition, and often the value, of goods or resources held by a person, business, or organization. *Inventoried* is often applied to physical possessions, such as stock in a warehouse, but can also encompass digital assets, like software licenses, or even less tangible resources, like employee skills. The act of being *inventoried* is often a crucial aspect of business management and financial accounting. It provides essential information for tracking, control, and decision-making related to assets.

Inventoried meaning with examples

• The warehouse manager meticulously inventoried the incoming shipment of auto parts, noting the precise model numbers and quantities of each component. This careful process ensured accurate stock records for efficient order fulfillment. They also marked damaged items for returns, preventing costly mistakes, optimizing overall supply chain management and decreasing financial burdens on the company.
• Before the annual tax audit, the company inventoried all its equipment and machinery. This comprehensive listing included the purchase date, depreciation value, and current location of each asset. They then reconciled the physical count with the accounting records, ensuring compliance with tax regulations and accurate financial reporting. Avoiding penalties and optimizing tax filings.
• The librarian inventoried the rare book collection, meticulously cataloging each volume's title, author, publication date, and physical condition. This detailed record allowed for better organization, preservation, and access to these valuable historical resources. It was also helpful to accurately account for theft or damages.
• The museum curator inventoried the artifacts recovered from the archaeological dig. Each item, from pottery shards to ancient tools, was carefully documented with descriptions, measurements, and photographic evidence. This meticulous record preserved the historical significance of the items and formed an invaluably complete archival record, important for research purposes.
• The project manager inventoried the skills and availability of their team members. This skills matrix assisted in assigning tasks to the right personnel, enabling efficient project execution. It streamlined workflow, facilitated team communication, and facilitated the process of providing performance reviews to the team.