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What is Finished Goods Inventory in Supply Chain Management? PDF | Download eBooks

Learn Finished Goods Inventory definition in supply chain management with explanation to study “What is Finished Goods Inventory”. Study finished goods inventory explanation with SCM terms to review supply chain management course for online MBA programs.

Finished Goods Inventory Definition

Finished Goods Inventory Explanation

Completed merchandise are products that have been finished by the assembling procedure, or obtained in a finished structure, yet which have not yet been offered to clients. Products that have been acquired in finished structure are known as product. The expense of completed products stock is viewed as a transient resource, since the desire is that these things will be sold in under one year. The aggregate sum of completed merchandise stock close by as of the part of the bargain time frame is commonly amassed with the expenses of crude materials and work-in-process, and is accounted for inside a solitary "Stock" detail on the asset report. Completed merchandise stock is the third gathering of stock possessed by a maker and comprise of items that are prepared available to be purchased.

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