Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

In the furniture industry, managing inventory efficiently is critical. Overstock ties up valuable capital and increases storage costs, while stockouts lead to lost sales and disappointed customers.

Companies like to keep tabs on inventory, and with good reason. Accurate, up-to-date inventory management is a solid measure of knowing whether production is meeting demand and if products are selling ...

Just-in-Time, or JIT, is a methodology that helps your business reduce waste in production. It is geared toward making just what is needed, when it is needed, and only in the amount needed. JIT was ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. As a manufacturing and distribution business, you ...