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 ...

Companies continually wrestle with the challenge of keeping costs in line, especially during periods of economic uncertainty. For inventory-based businesses, a significant portion of costs is wrapped ...

Your small business must pay labor wages to maintain inventory, so your true inventory costs are greater than the cost of the products themselves. Because you are allowed to deduct all business ...

Inventory costs and warehousing prices reached record high levels in March, according to the Logistics Managers’ Index Report published April 5. The index gave inventory costs a record score of 91 and ...

Inventory management is a critical process for retailers, enabling them to optimize their resources and maximize profits. Effective inventory management requires retailers to maintain an optimal ...

Editor’s Note: The SCM research project Right Sizing Safety Stock and Effectively Managing Inventory Using Forecastability, is authored by Ni Pan and Jamie Sweeney and supervised by Dr. Tim Russell ...

Lovesac drove an $11 million reduction in inventory by relying on evergreen stock and other supply chain efficiencies without compromising delivery times, according to the company’s fourth-quarter ...

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 ...

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 ...

Over the past 12 months, many businesses stocked up on inventory to keep customer service levels high. In a volatile global supply chain landscape—unpredictable factory shutdowns, rising prices, ...