FINISHED GOOD

'Finished goods' are goods that have completed the manufacturing process but have not yet been sold or distributed to the end user.

Contents

Manufacturing

Manufacturing

Main articles: Manufacturing

Manufacturing has three classes of inventory:
#Raw material
#Work in process
#Finished goods
A good purchased as a "raw material" goes into the manufacture of a product. A good only partially completed during the manufacturing process is called "work in process". When the good is completed as to manufacturing but not yet sold or distributed to the end-user is called a "finished good".
Finished goods is a relative term. In a Supply chain management flow, the finished goods of a supplier can constitute the raw material of a buyer.