Inventory can be classified into three major categories: raw materials, work in process and finished goods. Work in process (WIP) inventory consists of goods that have begun but not yet completed ...

Calculate ending inventory for the current reporting period. Your books and records should have a reasonable value, but some inventory changes may not be recorded properly, resulting in an apparent ...

Sean Henry is founder and CEO of Stord, the cloud supply chain company enabling companies to compete and grow with world-class logistics. Today’s retailers are struggling to run efficient supply chain ...

Opinions expressed by Entrepreneur contributors are their own. In their book Start Your Own Business, the staff of Entrepreneur Media Inc. guides you through the critical steps to starting your ...

Denver-basedAmbrook announced the launch of Ambrook Inventory, an accounting-integrated inventory feature designed to help ...

Inventory management is the process of tracking where your products are at all times and when to order more. These techniques can improve your inventory management process, independent of software.

How much inventory is enough? How do you arbitrate across different viewpoints, weighing inventory investment against the impact of stocking out? Service Level has proven to be an objective metric ...

Today’s average manufacturing company carries thirty days more inventory than at the beginning of the 2007 recession. As inflation takes its toll on cash cycles and the levels of inventory increase, ...

Year-to-date, Boeing’s inventories have increased by $3.6 billion. Physical inventories basically can be considered cash spent that is currently locked up. For Boeing, there are several drivers of ...