On March 24th I ran a screen looking for "lean" inventory planning, after seeing companies like A.O. Smith beat earnings estimates handily due to overly conservative inventory levels contributing to ...

Lean management programs are no longer restricted to a narrow segment of manufacturing companies. A wide range of medium-sized and large companies from different industries have deployed, to varying ...

Apple (NASDAQ: AAPL) CEO Tim Cook has always considered inventory to be "fundamentally evil." When companies overbuild inventory, it just sits around losing value -- typically 1% to 2% per week, in ...

If you are in the accounting department in a lean manufacturing company, and your company uses a standard costing system, it is inevitable that the you will be faced with dealing how your standard ...

Another wave of lockdowns will renew concerns about supply chains and shortages. As a grower of fresh mushrooms, for decades I experienced the difficulties of filling orders during wild fluctuations ...

“We’re doing Lean + Six Sigma!” The look in his eyes was confident, with a hint of smugness. I knew what I was supposed to say… “Well, then, you’re at the leading edge, doing all you possibly could be ...

Work-in-process inventory refers to the partially completed materials within a production line. According to the team at Accounting Tools, this term considers the cost of raw materials, direct labor ...

In-process inventory is work that has begun production in a manufacturing company but that has not yet been completed. It is an important concept for accounting departments because they have to ...