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 …
Archive by category Inventory Management
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 …
Single Minute Exchange of Die (SMED)
One of the unfortunate characteristics of manufacturing is waste. From unused raw materials to faulty or damaged products, waste can end up costing a company …
What is Warehouse Management?
Running a warehouse is not as simple as having a place to keep stock. Warehouse management is vital to ensuring you maximize profits in your business. It …
FIFO Versus LIFO Accounting
Inventory accounting is an important part of any business. Inventory plays a big part in a company’s cash flow. But inflation and taxes can affect inventory …