Stock Items

Stock Items are any raw materials, work-in-progress items, or finished products that a business uses to produce the goods it sells. In other words, these are the items that are necessary for businesses to generate sales and profit. By keeping track of the quantity and cost of stock on hand, businesses can decide how much of an item to order (and when), calculate their inventory costs, and adjust prices to maximize profits. Knowing exactly what’s in stock–and staying on top of ordering new stock–are essential elements to maintaining a successful business.