Inventory management involves organizing a range of goods, materials, and services into specific categories for efficient management. Today, we will guide you through the four main traditional types of inventory: raw materials and components, work in progress, finished goods, and maintenance, repair, and operating supplies. Watch this video to learn more.

0:06 Importance of Inventory Management and Overview
0:42 Raw Materials and Work in Progress
1:01 Finished Goods and Additional Inventory Categories
1:36 Importance of Managing Inventory Types


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BarCloud is one of the industry leaders in inventory and asset tracking technology. With decades of experience in the field and a friendly and responsive staff, they aim to create a solution that can be used to tackle the tracking challenges of any organization. Renowned for its top-to-bottom configurability, their cloud-based and on-premise solutions make it easy to keep visibility over your inventory and assets and save both time and money.



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