Manage stock and non-stock items - overview

Inventory, an important asset for any business, encompasses the finished goods and raw materials that

• cost money,
• have value,

  and

• are stored and used in the business.
  

These goods or products are generally referred to as stock items.

Along with stock items, businesses may sell non-stock items or non-physical goods, such as services and warranties, that are not stocked and kits that include other stock and non-stock items.