Inventory Manager Question: Download Inventory Manager PDF
Tell me what Are Finished Goods?
Answer:
Inventories are those completely manufactured products which are ready for sale. Stocks of raw materials and work-in-process facilitate production, while stock of finished goods is required for smooth marketing operations. Thus, inventories serve as a link between the production and consumption of goods.
| Previous Question | Next Question |
| Tell me how do you determine the numbers to use in the EOQ formula? | Do you know what Makes A Good Forecasting Model? |