Types of Inventories

Merchandise Inventory is the most common form of inventory or the inventory that everyone knows. In simple words, it is the inventory that a… Read Article

Manufacturing inventory or Production inventory is one of the many types of inventory. It includes stock of all parts and materials that is available… Read Article

Decoupling inventory is a type of inventory that is of use to manufacturing firms. Moreover, this inventory comes in handy if the production processes… Read Article

Anticipatory inventory is the extra stock that a company maintains to account for fluctuations in demand for the product. A company keeps this type… Read Article

What is Buffer Inventory / Stock?Buffer Inventory is the extra stock of either raw material or final product a company maintains as a protection… Read Article

MRO Inventory means maintenance, repair, and operations inventory. It includes an inventory of all items that are useful to keep a company running. Or,… Read Article

As the name suggests, work in progress, or WIP, are the goods that are not complete and are at some stage of production. The… Read Article

5 Basic types of inventories are raw materials, work-in-progress, finished goods, packing material, and MRO supplies. Inventories are also classified as merchandise and manufacturing… Read Article