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Finished goods: Difference between revisions

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m Anthony Appleyard moved page Finished good to Finished goods: Requested by WT79 The Engineer at WP:RM/TR: Seems more logical as the page is about finished goods, generically, and 'finished good' suggests a specific item which is not what the page is about. The proposed new title is currently a redirect page to 'Finished good', which is why I can't do it myself
 
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{{Short description|Item that has been manufactured but not sold}}
{{Wiktionary}}
'''Finished goods''' are [[Good (economics and accounting)|goods]] that have completed the [[manufacturing]] process but have not yet been sold or distributed to the end user.<ref>{{citeCite web |last=NetSuite.com |date=2022-08-09 |title=Inventory Turnover Ratio: Trouble or Paradise? |url=httphttps://www.accountingtoolsnetsuite.com/definitionportal/resource/articles/inventory-finishedmanagement/inventory-goodsturnover-inveratio.shtml |titleaccess-date=Finished2023-06-30 Goods|website=Oracle InventoryNetSuite |accessdatelanguage=2016-12-20 en}}</ref>
 
==Manufacturing==
[[File:Air New Zealand Boeing 787-9 Dreamliner landing at Perth Airport.jpg|thumb|right|The [[Air New Zealand]] [[Boeing_787_DreamlinerBoeing 787 Dreamliner#787-9|Boeing 787-9 Dreamliner]] is an example of a finished good.]]
{{Main|Manufacturing}}
Manufacturing has three classes of [[inventory]]:
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This is the last stage for the processing of goods. The goods are ready to be consumed or distributed.
There is no processing required in term of the goods after this stage by the seller. Though there maybemay be instance that seller finished goods become buyer’sbuyer's raw materials
 
Finished goods is a relative term. In a [[Supply chain management]] flow, the finished goods of a [[vendor (supply chain)|supplier]] can constitute the raw material of a [[buyer]].
 
==References==
{{reflistReflist}}
 
{{Authority control}}
 
{{DEFAULTSORT:Finished Good}}