Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

An itemized list or catalog of the stock of a business There’s more to inventory control than simply buying new products. You have to know what to buy, when to buy it and how much to buy. You also ...

Julie Young is an experienced financial writer and editor. She specializes in financial analysis in capital planning and investment management. Eric's career includes extensive work in both public and ...

Just-in-Time, or JIT, is a methodology that helps your business reduce waste in production. It is geared toward making just what is needed, when it is needed, and only in the amount needed. JIT was ...

Businesses may use two systems to maintain inventory records: perpetual and periodic. Now that computing systems that tie inventory and sales records together are widely available, most companies use ...

Inventory Turnover Ratio plays a pivotal role in understanding how efficiently a company manages its inventory. It measures the frequency at which a company sells and replaces its inventory within a ...

Inventory is categorized as current assets, vital for quick sales conversion. Companies vary inventory based on type and seasonal demand. Understanding inventory aids in spotting investment risks and ...