Companies use a Just-in-Time manufacturing and inventory management system to improve the efficiency of the company and reduce costs. The system requires manufacturers to purchase only when customer ...

Inventory includes finished products as well as materials a firm plans to further process. The exact process for adjusting inventory entries depends on the inventory accounting system the firm has ...

Sustainability is the new trend in retailing, owing to consumer activism and a business realisation that the environment is a valuable resource that needs protection. It is therefore important for a ...