Determining the cost or valuation of inventory held in a company is an important management task. Inventory often represents a large portion of total assets on the balance sheet and the method used to ...

Businesses may use two systems to maintain inventory records: perpetual and periodic. Now that computing systems that tie inventory and sales records together are widely available, most companies use ...

Two-bin inventory control provides a method by which companies are internally flagged when items they need for production are ...

Creating a perpetual inventory system at a community hospital yielded net financial improvement of $4.5 million and $2.4 million in ongoing inventory reduction savings, according to a case study by ...

Learn about the methods of calculating and tracking inventory that are used in retail accounting.

If you’re an e-commerce pro or small business owner, improving your inventory management can help you identify opportunities to free up limited capital. Beyond capital allocation, correct inventory ...

The “most important” item in inventory is the one that you think you have, but discover is out of stock and unavailable. For manufacturing operations, managing inventory is no less important to the ...