When disaster hits, the last thing you want is to argue about what you owned and what it was worth. Yet that is exactly where ...

Inventory includes raw materials, partially finished goods and finished goods. A retail business may have finished goods awaiting shipment, while a manufacturing business may have raw materials and ...

Inventory classification and optimisation techniques are pivotal in modern supply chain management, offering structured approaches to managing diverse inventory portfolios. Traditional methods such as ...

Businesses that sell goods need to implement effective inventory control to keep track of assets. Businesses use two primary methods to calculate the ending inventory value: the gross profit or the ...

Jeff is a writer, founder, and small business expert that focuses on educating founders on the ins and outs of running their business. From answering your legal questions to providing the right ...

Learn what inventory accounting is, how it works, and key methods like FIFO, LIFO, and WAC. Includes real-world examples, tips, and best practices. I like to think of inventory accounting like ...

I'm a history buff, and that comes in handy when looking at the problems of inventory optimization. The whole idea of getting inventory to the right distribution center at the right time bears a ...

From the most basic to the most advanced organization, Inventory Optimization is a critical goal and one which underpins the effectiveness of the supply chain operation. Inventory Optimization ...

Inventory optimization is a phrase much used and abused. But ask a supply chain professional, let alone another senior executive, how close to optimal their inventories are and you will either get ...

Just months after snarled supply chains led to widespread inventory shortages, the proverbial pendulum has decidedly shifted to the other side. Now, companies have a different problem. They have ...

Effectively managing maintenance, repair, and operations (MRO) inventory is one of the many significant challenges for asset-intensive enterprises. Companies often seek MRO improvements through a ...