Active Inventory

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  Active Inventory is inventory that is to be used or sold within a defined period.  Such as a specific accounting year. 

Examples:

1. ​Raw materials (RM) to be used or sold within a defined period.
2. Work in process inventory (WIP) to be used or sold within a defined period.
3. Finished Goods (FG) to be used or sold within a defined period.

Challenge:

• What types of "active inventory" do you have at your place of work?  Share in the comments section below and receive a coupon to one of Lean Strategies International LLC's Courses.

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