Inventory can be classified into three major categories: raw materials, work in process and finished goods. Work in process (WIP) inventory consists of goods that have begun but not yet completed ...

Inventory errors affect your company's bottom line by painting an inaccurate picture of its financial performance and net worth. When mistakes are made in counting inventory, you don't get an accurate ...

Sean Henry is founder and CEO of Stord, the cloud supply chain company enabling companies to compete and grow with world-class logistics. Today’s retailers are struggling to run efficient supply chain ...

Discover how inventory impacts working capital by examining its role as a current asset in a company's financials and why it matters for business efficiency.

Denver-basedAmbrook announced the launch of Ambrook Inventory, an accounting-integrated inventory feature designed to help ...

Opinions expressed by Entrepreneur contributors are their own. In their book Start Your Own Business, the staff of Entrepreneur Media Inc. guides you through the critical steps to starting your ...

ust a hint of inventory fraud can be a frightening experience for an auditor of financial statements. Indeed, the list of freakish inventory manipulations companies have committed over the last 50 ...

Today’s average manufacturing company carries thirty days more inventory than at the beginning of the 2007 recession. As inflation takes its toll on cash cycles and the levels of inventory increase, ...

Inventory management is the process of tracking where your products are at all times and when to order more. These techniques can improve your inventory management process, independent of software.