Getting the right materials at the right time and price is incredibly important for any successful business. Material procurement affects everything from product quality to company profits. Smart ...

Learn how the flow of costs impacts manufacturing firms, covering raw materials, work-in-process, finished goods, and cost of goods sold with practical examples and methods.

Learn where raw material costs appear on financial statements and their impact on businesses. Get insights on tracking costs in the income statement effectively.

Analyst Insight: After three years of pandemic-driven disruptions, supply chain executives in aerospace and defense are now developing their 2025 strategies, which must contend with high inflation, ...

A collage showing two bottles of pills against China’s flag and individual pills as the backdrop. A US Pharmacopeia study shows that the US is heavily dependent on China for raw materials needed to ...

This article is based on a poster originally authored by Rebecca Warfield, Yanke Liu, Jane Liu and Spencer Chiang. The responsibility for qualifying GMP or cGMP (current Good Manufacturing Practice) ...