FIFO vs. LIFO: Key Insights for Inventory Management
Inventory valuation plays a crucial role in procurement and supply [...]
mylene2025-02-06T05:24:52-04:00January 21st, 2025|Categories: Cost Reduction, Inventory Management, Procurement Operations Management, Strategic Procurement, Supply Chain, Technology, Trends|Tags: barcode systems, COGS, cost of goods sold, ERP systems, FIFO, financial reporting., GAAP compliance, IFRS compliance, inflation impact, inventory audits., inventory logging, inventory management, inventory management software, inventory optimization, inventory valuation, LIFO, non-perishable goods, perishable goods, procurement, procurement strategies, purchasing, real inventory flow, regulatory reporting, RFID systems, Supply Chain, supply chain best practices, tax implications, warehouse layouts, warehouse management systems, WMS|
Mastering FIFO: A Guide for Procurement Teams
What makes FIFO (First-In, First-Out) such a vital strategy for [...]
mylene2025-02-05T20:19:31-04:00January 7th, 2025|Categories: Inventory Management, LEAN, Savings Strategies, Strategic Procurement, Supply Chain, Technology|Tags: barcoding, Compliance, cost savings, ERP, FIFO, FIFO challenges, FIFO implementation, First-In First-Out, inventory audits., inventory management, inventory metrics, inventory optimization, inventory turnover, inventory valuation, lean operations, logistics, operational excellence, perishable goods management, procurement, procurement policies, procurement strategies, procurement training, purchasing, regulatory compliance, RFID, stock management, stock rotation, Supply Chain, supply chain efficiency, supply chain technology, supply chain training, Sustainability, warehouse management, warehouse organization, waste reduction, WMS|