In business, inventory management refers to all decisions regarding how inventory is ordered, shipped, stored and sold. For companies that distribute a wide number of products, storage and ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Just-in-Time, or JIT, is a methodology that helps your business reduce waste in production. It is geared toward making just what is needed, when it is needed, and only in the amount needed. JIT was ...

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Inventory turnover is an indicator of a company’s revenue efficiency. It is the ratio defining how many times the inventory was sold and replaced in a given period of time. The inventory turnover ...