Production inventory refers to your level of materials and supplies on hand for use in manufacturing production. This is different from work-in-process inventory, which is the value of goods in the ...

The number of times that a business turns over or depletes its inventory in a given year is known as its inventory ratio. The inventory ratio can tell a small business owner how fast its products are ...

Inventory management is now considered a prime candidate for automation as manufacturers target opportunities to reduce costs, accelerate product delivery and make the most out of experienced talent.