Learning how to manage inventory efficiently is critical to any business that sells physical goods. From timely ordering of supplies to tracking and storage, any mistakes can directly impact your ...

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

Any business that uses assets should hold a regular asset inventory audit in order to track important data like the number, condition, and location of all assets. The audit is a cost-effective method ...

Inventory management is a critical process for retailers, enabling them to optimize their resources and maximize profits. Effective inventory management requires retailers to maintain an optimal ...

Have you ever found yourself scrambling to locate stock details or manually tracking inventory across endless spreadsheets? For many businesses, inventory management feels like a juggling act, one ...

Food waste is a serious problem in the restaurant industry, with an estimated 40% of all food in the U.S. going to waste every year. This results in a staggering loss of $162 billion in revenue, ...

Two Indianapolis-area logistics companies are deploying a tool developed largely for outdoor uses to help them keep track of inventory inside giant warehouses. Greenfield-based Progressive Logistics ...

Learn what inventory accounting is, how it works, and key methods like FIFO, LIFO, and WAC. Includes real-world examples, tips, and best practices. I like to think of inventory accounting like ...

In machine shops, the “parts” — i.e., the raw materials, MRO supplies and equipment, works-in-progress, and the finished goods — are vital role in the success of the business. Without effective ...