Direct materials are the supplies you use to manufacture your inventory: wood for cabinets, steel for girders or wool for coats. Accountants distinguish direct materials from indirect materials, which ...

Raw materials include wood, metals, plastics and fabrics used in the production of goods. A manufacturer typically acquires raw materials from one or more producers or suppliers. You recognize raw ...

Following best practices in inventory management for manufacturers leads to happier customers and better marketplace resilience. However, it can often save money. Inventory management for ...

Caroline Banton has 6+ years of experience as a writer of business and finance articles. She also writes biographies for Story Terrace. Suzanne is a content marketer, writer, and fact-checker. She ...

The end of the year is a delicate time in the world of business. It is a time to gather the final tax documents, scan the receipts and look for some last-minute deductions. It is also a time to review ...