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 ...

The struggle to achieve lower food costs plagues many restaurant owners. And unfortunately, this problem is only getting worse, with 90% of restaurants facing higher food cost percentages than the ...

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 ...

Managing inventory is always a balancing act between overstocks and backorders. But there are steps you can take to improve the process, which can result in lower costs and higher service levels. In ...

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 ...

Cox Automotive recently published the results of its Dealer Sentiment Index, which saw the forward-looking market outlook dip as many car dealerships expressed concern over inflation, dwindling ...

Businesses can use the EOQ to figure out the ideal number of units they should order in order to keep costs low. Many, or all, of the products featured on this page are from our advertising partners ...