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Editor’s Choice: Aluminum Can Shortage Defines a New Normal for Food Packaging

Logistics Viewpoints

Beer and food industries are particularly affected by the shortages of aluminum cans as most customers prefer take-home packaging. For reference, the production of 1 ton of ingot takes about fourteen megawatt-hours of energy – typically enough to power a mid-size home for a year. What Caused Can Supply-Demand Mismatch.

Packaging 226
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What is Work in Process (WIP) Inventory? Formula & Methods

Unleashed

Work in process (WIP) inventory is typically found in manufacturing environments where goods undergo various stages of processing before being sold or used. Tracking WIP inventory is important for monitoring production efficiency, identifying bottlenecks, and managing costs within the manufacturing process.

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Finished Goods Inventory: Definition & Formula

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Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. This article breaks down how finished goods are calculated and some key inventory management methods for tracking them as they move through your business. What are finished goods inventory?

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What is Inventory? Examples, Types, Techniques

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Inventory is often the largest current asset in a business. Before you develop an effective inventory management strategy you need to understand what inventory is, its various types, and how it works in a business. What is inventory? Inventory is the stock of goods and materials currently owned by a business.

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Raw Material Inventory Management: Manufacturer’s Guide

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Raw material inventory management oversees the procurement, handling, and storage of raw materials. It ensures you maintain optimal raw materials inventory levels, and therefore plays a crucial role in optimising your manufacturing processes. In this guide: What is raw material inventory management?

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8 Useful Types of Manufacturing Inventory

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With the right systems in place, manufacturing inventory management can help to reduce production and ensure all operational processes are carried out effectively and efficiently. In this guide, we cover the types of manufacturing inventory, the costs, and a few handy strategies for managing it effectively.

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Inventory Carrying Cost: Formula, Definition & How to Calculate

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Inventory carrying cost is an essential figure to understand. Without it, you’ll struggle to accurately measure profitability or make informed decisions around inventory management and cash flow. What is inventory carrying cost? Why is inventory carrying cost important?