WebInventory management involves tracking and controlling your business’ stock. If you sell goods to customers or vendors, you'll know that carrying the right products can be difficult and costly. Successful inventory management helps you improve customer relationships and avoid tons of leftover goods. WebJan 26, 2024 · Items that you buy or make to sell to your customers are considered inventory. Aside from finished goods that are ready to sell, inventory may include production inventory that is ultimately incorporated into finished products, items that are still in the process of being made (or work-in-progress inventory ), and finished goods.
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What Is Inventory? Definition, Types, and Examples
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