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 ...

Discover how inventory impacts working capital by examining its role as a current asset in a company's financials and why it matters for business efficiency.

Amidst reporting that manufacturing firms are stockpiling intermediate inputs before potential tariffs and threats of a second East and Gulf Coast port strike, it’s important to emphasize that chronic ...

After several tumultuous years of pandemic-driven supply chain disruptions, many businesses report that the tide is beginning to turn. Although significant uncertainty remains, price increases have ...

In a time of extreme unpredictability, companies need to centralize inventory control. It’s imperative to drive agile decision-making by consolidating data across the network, employing advanced ...

Learn where raw material costs appear on financial statements and their impact on businesses. Get insights on tracking costs in the income statement effectively.