Small business accountants can use one of four distinct inventory costing methods to account for the cost of goods sold. Different inventory costing methods are best suited to different situations and ...

Businesses that sell goods need to implement effective inventory control to keep track of assets. Businesses use two primary methods to calculate the ending inventory value: the gross profit or the ...

Inventory classification and optimisation techniques are pivotal in modern supply chain management, offering structured approaches to managing diverse inventory portfolios. Traditional methods such as ...

When disaster hits, the last thing you want is to argue about what you owned and what it was worth. Yet that is exactly where ...

Learn what inventory accounting is, how it works, and key methods like FIFO, LIFO, and WAC. Includes real-world examples, tips, and best practices. I like to think of inventory accounting like ...

Just months after snarled supply chains led to widespread inventory shortages, the proverbial pendulum has decidedly shifted to the other side. Now, companies have a different problem. They have ...

How you think about inventory says a lot about where you sit in your organization. Sales views inventory as an opportunity because you can sell what you have. Finance views inventory as a liability, ...

I'm a history buff, and that comes in handy when looking at the problems of inventory optimization. The whole idea of getting inventory to the right distribution center at the right time bears a ...

The requirements for retail success don’t get much more basic than the ability to accurately forecast customer demand. Even a mom-and-pop bodega has to have a pretty good sense of how many people will ...

Forbes contributors publish independent expert analyses and insights. I cover the impact of AI and Machine Learning on the supply chain. Supply chains are under siege by an undeniable force: change.

PHOENIX--(BUSINESS WIRE)--Zionex, a leading provider of advanced supply chain and integrated business planning platforms for retail, manufacturing, and distribution industries, has announced the beta ...