Inventory are the products that we buy or make to then sell in our business. Manufacturing is the process of making the inventory ourselves from raw materials (rather than buying it from another business to then on-sell to your customer). It can be a complicated process and certainly the proper...

Inventory is a just fancy word for stock - think products, things, physical stuff you sell to your customers. 

There are three main types of inventory. 

1. Merchandise/products that you’re reselling (i.e. buy it from someone, sell to someone else), 
2. Products you sell as a part...