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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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What is Inventory? Examples, Types, Techniques

Unleashed

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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This Week in Logistics News (May 20 – 26)

Logistics Viewpoints

Target’s inventories at the end of the last quarter were 16 percent lower than the same period a year ago and Walmart cut inventories in its U.S. Inventories at U.S. Separately, the company said in the past year, Amazon’s Counterfeit Crimes Unit sued or referred for investigation over 1,300 criminals in the U.S.,

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8 Useful Types of Manufacturing Inventory

Unleashed

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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Amazon and Anticipatory Shipping: Revisiting This Highly Publicized 2013 Patent Ten Years Later

Logistics Viewpoints

Amazon’s patent for anticipatory shipping generated quite the media buzz a decade ago. My first impression at that time was the mental image it provoked – a delivery truck pulling up to my house and placing a package that I hadn’t ordered on my front door, but ultimately decided to keep. And then I didn’t give it another thought.

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De Minimis Value: Your Essential Guide to International Trade Regulations

ShipBob

The de minimis threshold value refers to the minimum value of goods below which no duties and/or taxes are charged by customs authorities upon importation. This concept plays a crucial role in global shipping and customs, significantly impacting ecommerce businesses and consumers who purchase products internationally.

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Editor’s Choice: What Are White Glove Services in Transportation Management?

Logistics Viewpoints

While a consumer may be pleased with seeing a package sitting on the front doorstep when returning home, it is at an added risk. The package could be stolen, or the package’s contents could perish. In shipping, this translates to taking every precaution necessary and delivering exactly to a consumer’s specifications.