Finished Goods
Finished goods refer to products that have completed the manufacturing process and are ready for sale or distribution. These products have gone through all stages of production, including assembly, quality control, and packaging, and are considered final, market-ready items. Finished goods are held in inventory by manufacturers, wholesalers, and retailers until they are sold to end customers. In the context of supply chain management, finished goods are the final stage of a product's lifecycle, transitioning from production to the market for consumption.
— sennder Team
FAQ
Example or usage in road freight logistics:
A manufacturer of consumer electronics produces finished goods, such as smartphones and tablets, and stores them in a warehouse until they are ready for distribution. The manufacturer carefully manages the inventory levels of these finished goods to ensure optimal stock levels and minimize costs. Finished goods are then transported from the warehouse to retailers or directly to customers via road freight logistics. The entire process, from production to transportation, requires effective coordination and management to ensure timely delivery and customer satisfaction.