Used in business or inventory contexts, often as a suffix in compounds like 在庫物 (stock items) or 売れ残り物 (unsold goods).
A lot of stock is stored in this warehouse.
He quickly fenced the stolen goods.
New goods arrived from the supplier.
The police seized the stolen goods.
That guy deals in shady stuff.
During a sale, goods move faster than usual.
It seems the culprit hid the loot somewhere.
商品 refers specifically to merchandise or commercial products and is more formal, while 物 (ぶつ) is a blunter, jargon-like term for the same goods.
物 (ぶつ) is a specialized noun for stock/goods or, in slang, stolen loot, whereas the same kanji read 物 (もの) is the everyday word for 'thing' in general.
Standard kanji spelling for the noun and suffix uses.
Katakana spelling sometimes used for the slang sense, adding a rough or emphatic feel.
The reading ぶつ is the on'yomi of the kanji 物, used in many compounds. The slang sense likely developed from the general meaning 'thing, object' in underworld jargon.
famous local product; specialty
favourite food; favourite dish
real thing; actual object; original
goods; materials; supplies
object; body; solid
carbohydrate
logistics; physical distribution
prices; cost of living
actual goods; physical item · spot (trading); physical delivery · in kind; non-cash
private property; personal belongings
relic; remains; memento
person of importance; person to be reckoned with; somebody · one person; one figure; one character
sightseeing; viewing; watching · spectator; sightseer; onlooker
product; produce · result; fruit; outcome
goods; articles; items
mineral
agricultural produce; farm products
products; produce; local goods
sale of goods; merchandise sales
dangerous; unsettled; insecure
crops; agricultural produce