Editor’s Note: Tracey Smith is an internationally recognized business author, speaker and analytics consultant. She is the author of multiple books and hundreds of articles. Tracey has worked with and ...

An inventory budget analysis is a quantitative evaluation that compares cost estimations against actual costs. A desired ending inventory valuation drives what a business plans to buy and how much ...

The average age of inventory is a measurement that estimates the average time to sell a given product. Although it is a relatively easy calculation, it is used to analyze management efficiencies as ...

Andriy Blokhin has 5+ years of professional experience in public accounting, personal investing, and as a senior auditor with Ernst & Young. In accounting, inventory represents a company's raw ...

Introduction: Why Inventory Turnover Matters More Than Ever Businesses need to optimize their inventory management because ...

Andriy Blokhin has 5+ years of professional experience in public accounting, personal investing, and as a senior auditor with Ernst & Young. Thomas J. Brock is a CFA and CPA with more than 20 years of ...

Managing costs is an essential priority for any business, but especially so for retailers. Savvy consumers have more tools at their disposal now to find the best bang for their buck, leading to stiff ...