Concept selected: Product stocks

Definition

Inventories of goods or services that comprise:
- Work in progress: Goods or services being formed or transformed in an activity centre.
- Semi-finished goods: Products manufactured by the company and not normally sold until they are subject to further preparation, incorporation or transformation.
- Finished goods: Goods manufactured by the company for use by end consumers or by other companies.
- By-products: Secondary or incidental products resulting from primary manufacturing.
- Waste: Materials inevitably obtained in conjunction with products and by-products, providing they have intrinsic value and can be used or sold.
- Recovered materials: Materials which, on the basis of their intrinsic value, are returned to storage after having been used in the production process.

Source

Short-Term Stock and Inventory Survey. Methodology

Topic

Statistical operations

(links to the Inventory of Statistical Operations)

Concepts associated

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