FIFO (first in, first out) is the most common method of accounting for inventory. It assumes that the first items in were the first items sold. When inventory is used to create products, there is ...

In omnichannel and ecommerce companies, inventory management, including tracking and reserving inventory for orders, is crucial for maximizing sales and improving customer satisfaction. If you can’t ...

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 ...

Inventory includes finished products as well as materials a firm plans to further process. The exact process for adjusting inventory entries depends on the inventory accounting system the firm has ...

ANNISTON ARMY DEPOT, Ala. - Parts handlers here finding unused items and entering those stock numbers into the Standard Depot System won't be able to account for items the same way come October when ...

With supply costs as one of the two largest expenses for ASCs (the other being staffing), it is imperative for surgery centers to make improving inventory management an ongoing priority. To be ...

The Department of Environmental Health & Safety has launched a comprehensive campus-wide chemical inventory system. This system has been developed to effectively monitor hazardous chemicals across UAB ...