Close
Stock and inventory are terms often used interchangeably in business, but they can have slightly different meanings depending on the context.
Stock generally refers to the goods and materials that a business holds for the purpose of resale or production. It can include raw materials, work-in-progress items, and finished goods.Inventory is a broader term that encompasses all the items a business has on hand, including stock, but also includes items that may not be for sale, such as supplies and equipment.
Both stock and inventory management are crucial for businesses to ensure they meet customer demand without overstocking or understocking, which can lead to lost sales or increased holding costs. Effective inventory management helps in optimizing operations, reducing costs, and improving cash flow.
Copyright © 2024 RJ Easysoftech Pvt Ltd.