Inventory can be classified into three major categories: raw materials, work in process and finished goods. Work in process (WIP) inventory consists of goods that have begun but not yet completed ...

Your ERP isn’t broken — it’s just outdated, because inventory accuracy still depends on stopping the factory instead of ...

I recently read an article that drove me crazy. In discussing “work-in-process” it talked about “pull systems” and how they are essential to lean success. It also discussed that pull systems are ...

Your business inventory consists of your stock, the goods that you offer for sale and any other materials you need to run your businesses. Maintaining an appropriate inventory is crucial to the ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...