For most kinds of business, expenses break down into product cost -- including inventory -- and period cost. If you run a business, distinguishing between types of inventory, other product costs and ...

Dead inventory or dead stock is made of products that were pulled from store shelves because they became outdated or were never sold. While some companies find ways to sell some dead inventory in a ...

Editor’s Note: Every year, 40 or so students in the MIT Center for Transportation & Logistics' (MIT CTL) Master of Supply Chain Management (SCM) program complete one-year thesis research projects. The ...

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 ...

It is a wild frontier for retailers today. Everything from Amazon to mobile phones is having an impact on their sales and bottom line profits. Based on a 2018 survey by the National Retail Federation ...

Michael Boyle is an experienced financial professional with more than 10 years working with financial planning, derivatives, equities, fixed income, project management, and analytics. Economic order ...

Effectively managing maintenance, repair, and operations (MRO) inventory is one of the many significant challenges for asset-intensive enterprises. Companies often seek MRO improvements through a ...

Editor’s Note: The SCM research project Right Sizing Safety Stock and Effectively Managing Inventory Using Forecastability, is authored by Ni Pan and Jamie Sweeney and supervised by Dr. Tim Russell ...

The Covid pandemic has strained global supply chains, causing freight backlogs that have driven up costs. Now, some companies are looking for longer-term solutions to prepare for future supply-chain ...

Over the past 12 months, many businesses stocked up on inventory to keep customer service levels high. In a volatile global supply chain landscape—unpredictable factory shutdowns, rising prices, ...

While most companies can track their shipments just fine, many still struggle to connect the dots between purchase orders, landed costs, and actual inventory profitability in real time. This ...