Inventory can be one of a small business' most valuable assets, making inventory security crucial in a wide range of industries. Inventory can be protected in a number of ways, and with a number of ...

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 ...

In machine shops, the “parts” — i.e., the raw materials, MRO supplies and equipment, works-in-progress, and the finished goods — are vital role in the success of the business. Without effective ...

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 ...