What is Finished Goods (FG)?
FAQs
What is meant by finished goods?
Products that have completed the manufacturing process but have not yet been sold to customers are referred to as finished goods.
*Source: https://sumup.co.uk
What are the examples of finished goods?
Finished goods are items or products that don’t need to be processed further and are ready to sell and distribute. Examples include:
- Automobiles
- Electronics
- Medical devices
What is the difference between finished goods and inventory?
The distinction between finished goods and inventory is that finished items are ready for sale and shipment, whereas inventory refers to any material or product that is utilized to create finished goods.
*Source: https://www.bluecart.com
Best Practices for New Product Introduction
Learn the best practices for streamlining new product introduction (NPI) processes by reading our guides on NPI.