FMCG (Fast-moving consumer goods)

Fast-moving consumer goods (FMCG) are products that have a rapid turnover, and relatively low cost. They are usually bought by consumers on an impulse basis, meaning that they are purchased in large quantities and disposed of quickly or consumed rapidly. Examples of FMCG include soft drinks, magazines, cigarettes, grocery items, cleaning products, and personal care products. In the realm of procurement, FMCG are typically stocked in relatively high amounts as inventory due to their frequent purchases and fast consumption. The need for efficient logistics and careful management of these products is essential to ensure businesses remain well stocked at all times.