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The Hidden Costs of Carrying Inventory

When considering how inventory affects profits, most manufacturing companies focus on the cost of making their products. Just as important, however, is the inventory you already have on hand—because it [...]

Inventory Costing: A Deeper Dive

Understanding the cost of inventory and monitoring it over time is critical to pricing your product, controlling costs and ultimately driving profitability. Unfortunately, it’s not uncommon to see production runs [...]