Inventory

What is Inventory Management? Inventory management is an efficient way to deal with sourcing, putting away, and selling inventory—both raw materials (parts) and finished goods (products). In business terms, inventory management implies the correct stock, at the correct levels, in the perfect spot, at the ideal time, and at the correct cost and price. Small-to-medium […]

What is Inventory Valuation?  Inventory valuation is the method to determine the value of the unsold stock at the time of preparing financial statements. Inventory is the goods you have in stock for your business. But not all inventories that you possess will be sold out at the same time. Inventory that is held up