Key Takeaways 1. Inventory, which describes any goods that are ready for purchase, directly affects an organization’s financial health and prosperity. 2. While there are m… See more

An organization’s inventory, which is often described as the step between manufacturing and order fulfillment, is central to all its business operations as it often serve… See more

There are four different top-level inventory types: raw materials, work-in-progress (WIP), merchandise and supplies, and finished goods. These four main categories help busine… See more

Real-world examples can make inventory models easier to understand. The following examples demonstrate how the different types of inventory work in retail and manufacturi… See more