Beginning work-in-process inventory involves determining the value of products that are in production but that have not yet been completed at the end of an accounting period. Work in progress is not ...

FIFO (first in, first out) is the most common method of accounting for inventory. It assumes that the first items in were the first items sold. When inventory is used to create products, there is ...

Amidst the recent continued economic volatility, C-level executives’ focus has shifted from revenue growth to profitable growth, and hence global supply chain performance has gained a great deal of ...

As a Field Inventory Specialist, I see the good, the bad, and the ugly of chemical inventory practices! An accurate chemical inventory is the foundation for your overall chemical management ...

This article is based on my observations the last few years when I’ve been invited into factories looking for help to start (or too often restart) a continuous improvement (CI) strategy. The subject ...

In omnichannel and ecommerce companies, inventory management, including tracking and reserving inventory for orders, is crucial for maximizing sales and improving customer satisfaction. If you can’t ...

This three-part series looks at managing your inventory intelligently, how to determine inventory levels, and how you can use this concept to drive your production schedule.—Richard Puglielli and ...

Leave blank to obtain all parent departments assigned to DIR or DIR2 or enter one parent department. If you have more than one parent department, and field is left blank, all inventory items will be ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. If your small business stores the goods you sell in a ...

Amazon.com unveiled its cutting-edge robotic system, named "Sequoia," at one of its Houston warehouses, Reuters reports. The system integrates a suite of automation technologies, including mobile ...