diff --git a/inventory.py b/inventory.py
index 073f8be28a..12440c6fe9 100644
--- a/inventory.py
+++ b/inventory.py
@@ -20,7 +20,7 @@ class Inventory(OSV):
     date = fields.DateTime('Date', readonly=True)
     lost_found = fields.Many2One(
         'stock.location', 'Lost and Found', required=True,
-        domain="[('type', '=', 'inventory')]", states=STATES,)
+        domain="[('type', '=', 'lost_found')]", states=STATES,)
     lines = fields.One2Many(
         'stock.inventory.line', 'inventory', 'Inventory Lines', states=STATES,)
     moves = fields.Many2Many(
diff --git a/location.py b/location.py
index cbc29de735..9cbfbf55e4 100644
--- a/location.py
+++ b/location.py
@@ -22,7 +22,7 @@ class Location(OSV):
     type = fields.Selection([
         ('supplier', 'Supplier'),
         ('customer', 'Customer'),
-        ('inventory', 'Inventory'),
+        ('lost_found', 'Lost and Found'),
         ('warehouse', 'Warehouse'),
         ('storage', 'Storage'),
         ('production', 'Production'),
diff --git a/location.xml b/location.xml
index 0d417c38dd..f3d27afaa5 100644
--- a/location.xml
+++ b/location.xml
@@ -171,6 +171,10 @@
             <field name="code">CUS</field>
             <field name="type">customer</field>
         </record>
+        <record model="stock.location" id="location_lost_found">
+            <field name="name">Lost and Found</field>
+            <field name="type">lost_found</field>
+        </record>
 
         <record model="ir.property" id="property_supplier_location">
             <field name="name">supplier_location</field>