Generally accepted accounting principles require that businesses assign all costs of production to the products they make. This cost assignment process occurs through the use of a traditional costing ...

Jennifer Simonson is a business journalist with a decade of experience covering entrepreneurship and small business. Drawing on her background as a founder of multiple startups, she writes for Forbes ...

In the intricate and highly regulated world of food and beverage manufacturing, the right software can be one of the cornerstones of success. Food manufacturing software, encompassing ERP (Enterprise ...

An inventory manager must be able to develop an effective inventory control system to manage customer demand. The demand for the product will control inventory costs, carrying costs, ordering costs ...

Inventory for eCommerce and other types of businesses is crucial, and keeping track of it is even more important. Thankfully, we have Microsoft Excel that will enable you to manage your inventory ...

Inventory management is now considered a prime candidate for automation as manufacturers target opportunities to reduce costs, accelerate product delivery and make the most out of experienced talent.

For manufacturers, the efficient handling and management of work- in-process (WIP) goods is critical for maintaining competitiveness and meeting customer demands. While enterprise resource planning ...

As a manufacturer, you need to make what your customers want. The challenge is knowing exactly what they want, when they want it. In general, approaches to supply chain management in manufacturing ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...