Finished goods are products that have been completed and are ready to be shipped. These products have gone through all the necessary steps in the manufacturing process and are now complete.
Many types of finished goods range from simple items like clothing to more complex items like automobiles. Depending on the product type, a few final steps can be involved before it is considered "finished." For example, testing or quality control may need to be performed on electronics or other delicate items.
Once finished goods are complete, they can either be stored until they are needed or shipped out to customers immediately. This decision will depend on customer demand and company inventory levels.
Related Blog Articles
Smart Factories for Smart Snacks: How SIX ERP Transforms Food Production
As the CEO and mastermind behind our ERP implementations, I’ve seen firsthand how manufacturing is evolving. It’s no longer just about efficiency - it’s about intelligence, adaptability, and staying ahead of the curve. At SIX ERP, we don’t just implement software; we engineer smart, scalable solutions that transform production lines into data-driven, automated ecosystems.One of our most exciting challenges? Equipping a new potato chips factory with a fully automated, sensor-driven...
Warehouse management systems (WMS) explained – Managing modern businesses.
Warehouse operations are at the heart of many businesses, enabling the smooth and efficient flow of goods to customers. However, managing inventory, orders, shipping, and personnel in one or more warehouses is an enormously complex undertaking. Errors and inefficiencies in warehouse management can lead to product shortages, delayed shipments, and deteriorating customer service. At this point, a robust warehouse management system (WMS) is essential. A WMS is software that helps control...
Managing the Manufacturing Process in ERPs
Enterprise Resource Planning (ERP) systems are integrated software solutions that help businesses manage the vital components of their operations, including product development, Manufacturing, supply chain, shipping and logistics, customer relationship management (CRM), and finance. An ERP system consolidates all of these business functions into a single, comprehensive software solution that can be accessed by authorized users from anywhere in the organization. This centralized access to information and data allows businesses to...Related SIX ERP Solutions:
Want to see SIX for yourself?
Need help, have questions or want to get a free demo?
Please read our Privacy Policy on how we process personal data. We will never share your data!
