diff --git a/app/services/label_templates/repository_row_service.rb b/app/services/label_templates/repository_row_service.rb
index ea0282478..b83edf266 100644
--- a/app/services/label_templates/repository_row_service.rb
+++ b/app/services/label_templates/repository_row_service.rb
@@ -52,6 +52,8 @@ module LabelTemplates
         end
 
         fetch_custom_column_value(name)
+      when 'INVENTORY_NAME'
+        @repository_row.repository.name
       when 'ITEM_ID'
         @repository_row.code
       when 'NAME'
diff --git a/app/services/label_templates/tag_service.rb b/app/services/label_templates/tag_service.rb
index 8cdd241cb..a76d8a01c 100644
--- a/app/services/label_templates/tag_service.rb
+++ b/app/services/label_templates/tag_service.rb
@@ -3,6 +3,7 @@
 module LabelTemplates
   class TagService
     DEFAULT_COLUMNS = [
+      { key: 'inventory_name', tag: '{{INVENTORY_NAME}}' },
       { key: 'item_id', tag: '{{ITEM_ID}}' },
       { key: 'name', tag: '{{NAME}}' },
       { key: 'added_on', tag: '{{ADDED_ON}}' },
diff --git a/config/locales/en.yml b/config/locales/en.yml
index 1e771b5de..0e7b27721 100644
--- a/config/locales/en.yml
+++ b/config/locales/en.yml
@@ -1059,6 +1059,7 @@ en:
         refresh: 'Refresh preview'
         save: 'Save template code'
     default_columns:
+      inventory_name: 'Inventory name'
       item_id: 'Item ID'
       name: 'Name'
       added_on: 'Added On'