ATLANTA, Dec. 08, 2022 (GLOBE NEWSWIRE) -- It has been an incredibly trying year for manufacturers operating complex and global supply chains as a combination of factors has hindered the smooth ...

Parts and supplies needed by your firm to deliver services must be classified as inventory for service industry businesses. Generally accepted accounting principles specify that purchases in the two ...

Direct materials are the supplies you use to manufacture your inventory: wood for cabinets, steel for girders or wool for coats. Accountants distinguish direct materials from indirect materials, which ...

Direct vs. indirect procurement The fundamental differences between direct and indirect procurement drive how organizations structure their purchasing strategies. Direct procurement concerns the ...

"Inflation creeps into U.S. Supply Chain.” So said the headline on a Wall Street Journal article I read this morning before writing this column. The Journal went on to write that U.S. companies are ...

Contract manufacturing is giving business a new look, allowing companies to eliminate capital equipment and buildings and thus free up cash and improve their balance sheets. Few businesses do all of ...

Companies are always looking for ways to save money. They may have already cut costs in areas like manufacturing and shipping. Now, they're turning to a hidden area where they can save more money ...