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 ...

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 ...

Retailers and ecommerce companies have spent considerable sums to manage and fill customer orders from multiple shipping points (DC, FC, manufacturer, stores, etc.). Whether this applies to you or not ...

For facilities that take the time upfront to properly load their systems, valuable case costing insight can help managers determine whether a case makes financial sense. With data in hand, managers ...

LONDON--(BUSINESS WIRE)--SpendEdge, a leading provider of supply chain management solutions, has announced the completion of their latest article on the key benefits of purchasing and inventory ...

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 ...

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 ...

Have you ever found yourself scrambling to find out which products are running low or when your next shipment is due? Managing inventory can be a daunting task, especially if you’re relying on ...

NEW YORK & MUNICH--(BUSINESS WIRE)--Celonis, the global leader in Process Mining and Process Intelligence, today shared the results of an innovative AI-driven solution that is optimizing Smurfit ...

Michael Amori is CEO and cofounder of Virtualitics. A data scientist and entrepreneur with a background in finance and physics. At the core of modern logistics and inventory management lies a web of ...