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
Intelligent tech in Agriculture
Drought, hail, constant rain - climate change has far-reaching consequences for us and agriculture. Learn how innovative agriculture technologies can help achieve higher yields, maintain biological diversity, and be innovative simultaneously. Besides Governments, also we at SIX have committed to fighting climate change and helping agricultural producers and farmers to become CO2-neutral.But will all combined efforts be enough to stop climate change? Will we be able to maintain biodiversity and safe...
Understanding Warehouse Management Solutions
A warehouse management system (WMS) is a software application that supports the day-to-day operations in a warehouse. A WMS helps to control and direct the movement of materials within a warehouse and plays an essential role in optimizing the efficiency of these operations. There are many things to consider when implementing a WMS, from the size and layout of your warehouse to the type of products you're storing. This blog...
Implementing ERPs in manufacturing companies - Tips and Considerations
Are you considering implementing an ERP in your manufacturing company? It's a big decision, and there's much to consider. But don't worry - we're here to help. This blog post will share tips and tricks for making the most of your ERP implementation. Whether you're just starting or you've been working with ERPs for years, we hope you'll find these tips helpful. So let's get started!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!
