Inventory refers to the activity of registering goods and materials stored in stock. Inventory is usually classified into certain parts. For example, in the inventory bar, you will find listings for liquor inventory, food inventory, and equipment inventory. Equipment inventory templates help you to register raw materials, finished products, resale goods, types of stock, production levels, etc., so they will help you manage inventory. Inventory list is very useful for you to calculate profit and loss, find demand