From a pandemic-induced supply shock to a ship stuck in the Suez Canal, the past few years severely put the traditional Just-in-Time (JIT) approach to inventory under strain. Given the impossibility ...

Work-in-process inventory refers to the partially completed materials within a production line. According to the team at Accounting Tools, this term considers the cost of raw materials, direct labor ...

Inventory management can provide significant operational benefits for power companies. From forecasting, fueled by real-time data, to automated replenishment and supply chain continuity, digital ...

Not a subscriber? Apply online today. Making sure the right amount of product is in the designated place and at the right moment can be tricky. One inbound shipment that comes in late, an incorrect ...

Inventory management is critical if you want your business to operate efficiently and transparently. However, far too many businesses still make fundamental mistakes that unnecessarily compromise ...

Getting inventories right is hard—but why? In this age of advanced technology, ERP systems, and AI, one would expect companies to leverage these tools as a competitive advantage or, at the very least, ...