What does "Finished Goods Management" involve within Infor M3?

Finished Goods Management within Infor M3 primarily focuses on overseeing completed products that are prepared for sale. This aspect involves various tasks such as organizing inventory, ensuring that finished goods are stored properly, and managing the logistics around shipping and distributing these products to customers.

The key aspect of Finished Goods Management is the readiness of these products to meet customer demand. It encompasses monitoring stock levels, coordinating with sales and distribution teams, and ensuring that there is an efficient flow from production to market. This management practice is crucial to maintaining a smooth operation since it directly impacts customer satisfaction and business profitability.

The other options relate to important supply chain activities but pertain to different stages of the production and sales cycle. For instance, managing raw materials is crucial for the production phase, tracking sales performance focuses on analyzing how products are being received in the market, and forecasting demand involves anticipating future customer needs based on historical data and market trends. While all these activities are vital within the broader context of supply chain management, they do not specifically define the scope of Finished Goods Management.