Under the generally accepted accounting principles in use in the United States, businesses must write off the value of obsolete inventory. While the total amount of such write-offs must be included in ...

For the past decade or more, that edict has been a key driving force in manufacturing management. Inventory ties up capital, and carrying excess inventory is expensive. In the U.S., inventory-carrying ...

Learn how the flow of costs impacts manufacturing firms, covering raw materials, work-in-process, finished goods, and cost of goods sold with practical examples and methods.

The costs of excess inventory can be huge. In this article, I want to just show the savings that can occur from a focus just on the inbound side, and give supply chain practitioners a little simple ...

A marketing campaign with inaccurate inventory controls for promotional materials negatively affects the program and your bottom line. Businesses spend an estimated 30 percent of their annual ...