Work-in-process inventory refers to the partially completed materials within a production line. According to the team at Accounting Tools, this term considers the cost of raw materials, direct labor ...

Amidst the recent continued economic volatility, C-level executives’ focus has shifted from revenue growth to profitable growth, and hence global supply chain performance has gained a great deal of ...

Retailers and ecommerce companies have spent considerable sums to manage and fill customer orders from multiple shipping points (DC, FC, manufacturer, stores, etc.). Whether this applies to you or not ...

For facilities that take the time upfront to properly load their systems, valuable case costing insight can help managers determine whether a case makes financial sense. With data in hand, managers ...

Have you ever found yourself scrambling to find out which products are running low or when your next shipment is due? Managing inventory can be a daunting task, especially if you’re relying on ...

LONDON--(BUSINESS WIRE)--SpendEdge, a leading provider of supply chain management solutions, has announced the completion of their latest article on the key benefits of purchasing and inventory ...

Sales, inventory and operations planning (SIOP) is process used for monitoring and upgrading a company's operating plan. It pulls all departments together to ensure that potential problems can be ...

NEW YORK & MUNICH--(BUSINESS WIRE)--Celonis, the global leader in Process Mining and Process Intelligence, today shared the results of an innovative AI-driven solution that is optimizing Smurfit ...

While some companies like to keep things simple by doing everything manually rather than using technology, the reality is that doing things the old-fashioned way sometimes creates more issues than it ...

Stryker Instruments, a manufacturer of surgical instruments, had a classic inventory problem: it wasn't able to share real-time information with its key suppliers. While its inventory levels were too ...