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8 Inventory Costing Methods That You Might Not Know About

EMERGE App

Inventory costing is done by accountants so that the cost of goods available for sale is represented fairly on your income statement and balance sheet. Businesses that deal in physical goods should submit financial reports that are true and fair. Also, recent costs are reported in the ending inventory on the balance sheet.

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Building Outside-In Processes

Supply Chain Shaman

I am half-way through a spring speaking tour that will wrap-up in June with a speech in South Africa and Peru. When you think about the product lifecycle from cradle-to-cradle through the moments of truth of purchase, usage, and disposal, what are the opportunities to improve corporate social responsibility? Bio-engineering?

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This Week in Logistics News (March 20 – 26)

Logistics Viewpoints

Dublin-based Evocco lets you track, improve, and offset the climate impact of your food purchases based on your receipt. Reports suggest it could be weeks before the ship is moved. But for consumers, it is often difficult to measure the climate impact of what we eat. Well, I just read about an Irish start-up that can help.

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An update on copper

Resilinc

Freeport McMoran, the second largest copper producer globally, reported in its latest quarterly: “While we recognize the near-term volatility in our markets, we are optimistic about our portfolio of assets, our strong management and operating teams, and the long-term prospects for the copper markets we serve.”.

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Copper in flux

Resilinc

The volatility of the last few months was tracked in real time by subscribers to Resilinc’s CommodityWatch AI as the service alerted customers to protests in Peru, droughts in Chile, M&As in the mining industry and other disruptions—as well as the larger economic factors mentioned by Davidson. Learn more about CommodityWatch AI.

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KPI Key Performance Indicators in Supply Chain & Logistics

Logistics Bureau

Purchasing and supplier management. A KPI is a metric… but not just any metric. A KPI is a metric focused on a KEY element of business, departmental, or team performance. There is really nothing wrong with capturing a lot of metrics, especially with today’s powerful analytics software solutions to help.

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