Field Finished Goods

Field Finished Goods is the inventory that is kept at locations outside the four walls of the manufacturing plant (i.e., distribution center or warehouse). There are several reasons why an organization might choose to keep Field Finished Goods:

  • For example, if the product is perishable or has a short shelf-life, it might make more sense to keep it closer to the end customer.
  • Additionally, if the product is bulky or difficult to transport, it may be more efficient to keep it at a location closer to the point of sale.

Keeping Field Finished Goods can help improve customer satisfaction by ensuring that products are available when and where they are needed. Additionally, it can help reduce inventory costs by minimizing the amount of storage space that is required.

If you are considering keeping Field Finished Goods, there are a few things to keep in mind:

  1. First, you will need to have a good understanding of your customer demand in order to ensure that you have the right products in the right location.
  2. Additionally, you will need to have a well-functioning logistics system in place in order to manage inventory and ensure that products are delivered on time.
  3. Finally, you will need to carefully consider the cost of keeping Field Finished Goods, as it can add to your overall transportation and storage costs.

In conclusion, Field Finished Goods can be a beneficial way to improve customer satisfaction and reduce inventory costs. However, it is important to carefully consider the implications before making a decision.

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