Learn about backorder costs, their impact on inventory management, and strategies for managing delays. See how to optimize business operations and customer satisfaction.

Inventory policies drive two types of costs: operating expenses and working capital requirements. The latest “Logistics Cost and Service Report” by Establish/Herbert W. Davis and Co. indicates that ...

A smoothly functioning inventory system is one of the cornerstones of a successful farm operation. As the University of Minnesota notes, being able to anticipate and plan for the timely reprovisioning ...

Not a subscriber? Apply online today. As firms deploy their inventories across multiple continents to serve growing markets, the costs of transportation and the direct impact of transportation modal ...

Accurate inventory accounting is vital, especially in the globalized world of low-cost competition. Five critical inventory accounting control lapses threaten a company’s long-term survival.

Calculating the cost of goods sold gives a business insight into its performance and helps calculate profit. Many, or all, of the products featured on this page are from our advertising partners who ...

The Covid pandemic has strained global supply chains, causing freight backlogs that have driven up costs. Now, some companies are looking for longer-term solutions to prepare for future supply-chain ...

Dead inventory or dead stock is made of products that were pulled from store shelves because they became outdated or were never sold. While some companies find ways to sell some dead inventory in a ...

There’s no magic formula for knowing how much inventory to carry, but there are best practices and calculations to follow. Many, or all, of the products featured on this page are from our advertising ...

Anna Baluch is a freelance writer from Cleveland, Ohio. She enjoys writing about a variety of health and personal finance topics. When she's away from her laptop, she can be found working out, trying ...

When it comes to inventory taxes, five issues are readily identified. First, they are complex. Second, businesses that pay inventory taxes hate them. Third, inventory taxes are unfair because they are ...

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 ...