Raw materials include wood, metals, plastics and fabrics used in the production of goods. A manufacturer typically acquires raw materials from one or more producers or suppliers. You recognize raw ...

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 ...

Materials requisition, the movement of materials into the production process, is one of the early stages in the manufacturing of goods. The entire production process is recorded in the financial ...

Following best practices in inventory management for manufacturers leads to happier customers and better marketplace resilience. However, it can often save money. Inventory management for ...

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 ...