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8 Inventory Costing Methods That You Might Not Know About

EMERGE App

FIFO is popular and is widely accepted because it follows common sense in running a business: that you want to sell your oldest inventory first. Also, recent costs are reported in the ending inventory on the balance sheet. Other Uncommon Inventory Valuation Methods. Cost means the amount paid to purchase the goods.

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KPI Key Performance Indicators in Supply Chain & Logistics

Logistics Bureau

Inventory management. Purchasing and supplier management. Production/manufacturing. Later in this article we’ll look at some examples of functional and cross functional KPIs. Broadly speaking though, the following areas are those where KPIs will be necessary: Order capture. Warehousing. Transportation.

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