A product sold as a completed item or repair part or any item subject to a customer order or sales forecast All manufacturing operations, including final test, have been completed These may be finished parts, renewal parts or finished products [APIC] Synonym: Finished Product, End-Item
-inventory that is in a salable or shipable form based upon its location within the supply chain An item considered a finished good in a supplying plant might be considered a component or raw material in a receiving plant