Anyline, a global leader in mobile data capture and data insights, today introduced a new autonomous drone inventory management software that can scan an entire warehouse efficiently. Anyline worked ...

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 ...

Inventory management can provide significant operational benefits for power companies. From forecasting, fueled by real-time data, to automated replenishment and supply chain continuity, digital ...

Inefficient supply chain management and inventory management causes retailers worldwide to lose more than $1.8 trillion annually. Even though offline retail accounts for the majority of this number, ...

Inventory has a tremendous impact on your profit and loss statement and balance sheet. If it's not properly balanced against demand, it's hard for consumer goods companies to serve customers, which ...

FIFO (first in, first out) is the most common method of accounting for inventory. It assumes that the first items in were the first items sold. When inventory is used to create products, there is ...

Getting inventories right is hard—but why? In this age of advanced technology, ERP systems, and AI, one would expect companies to leverage these tools as a competitive advantage or, at the very least, ...

Not a subscriber? Apply online today. Making sure the right amount of product is in the designated place and at the right moment can be tricky. One inbound shipment that comes in late, an incorrect ...

Inventory has been managed predominantly over enterprise resource planning (ERP) systems over past couple of decades. The widespread adoption of ERP systems ranges from multinational corporations to ...

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 ...

From a pandemic-induced supply shock to a ship stuck in the Suez Canal, the past few years severely put the traditional Just-in-Time (JIT) approach to inventory under strain. Given the impossibility ...