Inventory is the goods and materials you own or are held in your possession to fulfill orders or provide services. This includes all raw materials, work-in-process goods, supplies, and finished goods available for sale. Equipment refers to items that have been acquired for the purpose of carrying out business activities. Examples of equipment include computers, printers, office furniture, vehicles, tools, and machinery. Both inventory and equipment are important to businesses–inventory gives them the resources they need to fulfill orders while equipment helps them operate efficiently and cost-effectively.