Maintenance, Repair, and Operating Supplies (MRO).Inventory can be divided into four categories. Inventory – Inventory refers to finished goods as well as any assets that a company possesses or uses to complete manufacturing. The more stock (or things) you sell, the more money your company makes. Stock – Stock includes finished goods, parts, and materials, as well as anything else you offer to clients. Raw materials, work in progress, MRO supplies, and finished goods are the four basic forms of inventory, despite the short definition. The products you sell, as well as the resources and equipment needed to manufacture them, are all part of your inventory. The goods you sell to customers are known as stock items. The difference between inventory and stock is minor but significant.
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