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 ...

In industries such as retail, success depends on management's ability to make or buy the right amount of inventory and to move that inventory through the distribution system as quickly as possible.

Activity Based Costing, or ABC, is a method of allocating overhead and direct expenses related to the most important activities of your company first. This process allows owners and managers an ...

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 ...