In-process inventory is work that has begun production in a manufacturing company but that has not yet been completed. It is an important concept for accounting departments because they have to ...

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 ...

This article is based on my observations the last few years when I’ve been invited into factories looking for help to start (or too often restart) a continuous improvement (CI) strategy. The subject ...

Amidst the recent continued economic volatility, C-level executives’ focus has shifted from revenue growth to profitable growth, and hence global supply chain performance has gained a great deal of ...

As a Field Inventory Specialist, I see the good, the bad, and the ugly of chemical inventory practices! An accurate chemical inventory is the foundation for your overall chemical management ...

Artificial intelligence (AI) is well-known for its ability to make data-driven decisions, but there is a lesser-known branch of AI called natural language processing (NLP) that is starting to turn ...

The Department of Environmental Health & Safety has launched a comprehensive campus-wide chemical inventory system. This system has been developed to effectively monitor hazardous chemicals across UAB ...

Cradle-to-grave management and tracking of laboratory chemicals is required by various regulations and enforced by City, County, State, and Federal (DHS and OSHA) regulators. This requires that ...

A comprehensive equipment inventory will be conducted between July and June every other fiscal year using the guidelines outlined in the tracking/control procedures. At the department’s request a copy ...