The main types of inventory typically include:Raw Materials (Base materials required to produce goods)
Work-in-Progress (WIP) (Items that are in the process of being manufactured but are not yet complete)
Finished Goods (Completed products ready for sale or distribution)
Maintenance, Repair, and Operations or Overhaul (MRO) Goods (Supplies and equipment used in the production process but not part of the final product)Each inventory type requires different management techniques and considerations within an inventory management system.