AccountingInventoryManufacturing Tips Inventory Valuation Methods – Finding the Right Approach for Small Manufacturers Inventory is an asset, but knowing its worth is not always as simple as multiplying the number of units in stock by their purchase price. Especially in manufacturing, where materials are bought at different prices and combined with labor and overhead. Proper inventory valuation addresses this. By Mattias Turovski 26 min read
Production planningSupply Chain What is Reorder Point and Reorder Point Formula? Keeping optimal stock levels in order to avoid stockouts is an integral task of inventory management. One of the most fundamental ways in which to ensure this is setting and maintaining the right reorder points. By Mattias Turovski 12 min read
