What is inventory – What does inventory include?

Inventory is a concept that is fundamentally misunderstood in life. In fact, this is a popular concept of economics with many points to note. In this article we will learn what inventory is - What does inventory include?

You may be interested in:  Container transportation - North-South frozen goods transportation - Full customs declaration

For a long time, when talking about inventory, many people often think of batches of goods left behind at the factory because they cannot be sold. Or to put it more simply, inventory is items that are unsold and will be liquidated!?

This is a misconception because the concept of inventory is a big topic in business and economics. Accordingly, inventory is the products kept by a business for eventual sale. In other words, inventory is the stock of goods a company produces for sale and the components that make up the products. Therefore, it can be seen that inventory is the link between the production and sale of products and is also a part of short-term assets, accounting for a large proportion and playing an important role in production and business. of business.

Inventory, or inventory, is a list of materials and products or the materials and products themselves that are kept in stock by a business. If inventory management is done properly, it can reduce costs and increase profits for the company.

+ Goods purchased for sale (inventory goods, real estate goods, goods purchased on the go, goods sent for sale, goods sent for processing.

+ Finished products in inventory and finished products sent for sale.

+ Unfinished products (unfinished products and finished products that have not yet gone through warehouse procedures).

+ Raw materials and materials.

+ Tools and equipment in stock, sent for processing and purchased on the go.

+ Cost of production, business and unloading services.

+ Raw materials and materials imported for production and processing of exported goods and finished products and goods are stored in the enterprise's tax-suspension warehouse.

+ Supplies: such as office supplies, machine cleaning materials, oil, fuel, light bulbs and the like. These types of goods are necessary for the production process.

+ Raw materials: are materials that are sold or retained for future production, sent for processing and purchased on the way back.

+ Semi-finished products: are products that are allowed to be used for production but have not yet been completed and the finished products have not gone through finished product warehousing procedures.

+ Finished product: is a complete product completed after the production process.

The above four types of inventory maintained will vary from company to company depending on the different nature of each business.

truck rental service with good prices in 2022

LATEST UPDATE PICTURES OF CONTAINER PROSHIP LOGISTICS TRACTOR