A Stock refers to resources, such as products, semi-finished products, and materials, that are in an idle state but have economic value. It includes all the products or raw materials that are available for sale or use, either in storage facilities, warehouses or at retail locations. Stock levels are managed to ensure that there is always an appropriate amount of goods available to meet customer demand, without overstocking or understocking. The amount of stock a company holds can depend on a variety of factors, such as the industry, seasonality, and the speed at which goods are produced or sold. Effective stock management is crucial for businesses to ensure efficient operations and profitability.
Source : ChatGPT