Consignment Stock
Consignment stock is goods which are stored at one location, such as a business or a warehouse, but are legally owned by a different company such as a …
Archive by category Inventory Management
Stock Keeping Unit (SKU)
Warehouses are full of boxes and boxes of stock. These boxes are full of items that must be tracked using some system or method in order to keep up with them. …
MRP Inventory Management
Manufacturing can be a highly detailed, highly complex process that requires specific planning. Material Requirement Planning (or MRP) is an inventory system …
Inventory Accounting
Inventory accounting is the method by which a business determines the value of assets both for financial statements and tax purposes. Inventory is comprised of …
What is Logistics Management?
Logistics refers to the movement of material goods, people or energy from a point of origin to the consumer. Logistics management involves optimizing every …