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Enterprise glossary and term center
Research and understand all the intricate terms and definitions that surround the ecosystem of enterprise resource planning (ERP), enterprise software and no-code tools.
- Enterprise terms
- Zero Inventory
- When Should inventory be written off?
Zero Inventory - When Should inventory be written off?
An inventory write-off is the formal recognition of a portion of a company's inventory that no longer has value. Write-offs typically happen when inventory becomes obsolete, spoils, becomes damaged, or is stolen or lost.
