Item Inventory is the total number of items held in stock by an organization at any given time. It includes all products, materials, and services that are currently in the possession of a business or its suppliers. The inventory number can vary depending on demand, supply chain issues, and other factors but it determines how much stock a company has to draw from when fulfilling orders or executing projects. Tracking your item inventory is essential to better understand what is selling, where to allocate resources, and optimize your sourcing and distribution efforts. With accurate and up-to-date item inventory data, businesses can make smarter decisions for their customers, employees, and bottom line.