Example: Inventory level shows quantity of goods in stock
Definition
The term "inventory level" refers to the quantity of goods or materials available in stock at a given time, crucial for managing supply and demand in logistics and ensuring smooth operations without overstocking or shortages.
The phrase "inventory level" combines "inventory," derived from the Latin 'inventarium' meaning a list of things found, with "level," from Old French 'level' meaning a flat surface or standard. Together, they describe the measurable amount of stock present.
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"The inventory level" appears in the Vocaplus list "English - Logistics - (A1-C2) - set 1", containing 109 commonly used words.
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