Direct materials are the supplies you use to manufacture your inventory: wood for cabinets, steel for girders or wool for coats. Accountants distinguish direct materials from indirect materials, which ...

Caroline Banton has 6+ years of experience as a writer of business and finance articles. She also writes biographies for Story Terrace. Suzanne is a content marketer, writer, and fact-checker. She ...

Following best practices in inventory management for manufacturers leads to happier customers and better marketplace resilience. However, it can often save money. Inventory management for ...

Raw materials include wood, metals, plastics and fabrics used in the production of goods. A manufacturer typically acquires raw materials from one or more producers or suppliers. You recognize raw ...

AerFin is positioning inventory closer to operators across the Americas to accelerate response times for scheduled maintenance and critical aircraft-on-ground events. While its Miami facility— which ...