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 ...

In financial accounting and taxes, attributing expenses to the correct category isn’t just a tip or guideline; it’s a requirement when filing IRS forms, requesting grant funds, or reporting to ...

It is clear to see how RFID can change the face of logistics, but seeing it work in your manufacturing operation is often a bit blurry. Crown Equipment, the makers of electric lift trucks in the U.S., ...

When cold weather hits and temperatures drop, choosing the right heating solution is critical to keep your project running smoothly. Direct-fired and indirect-fired heaters are two popular options and ...