There can be crossover between WIP and finished goods, depending on the inventory’s intended purpose. For example, while external car paneling is considered WIP within a factory that intends to install it in a vehicle, it can also be viewed as a finished good if it’s destined to be sol...
aPurpose – The cold chain has become an integral part of the supply chain of perishable items. Recentstudies have shown a critical absence of a strong and dependable cold chain in developing economies.The purpose of this paper is to set out to identify and inter-relate the inhibitors that ...
Heightened risk of theft or accidental damageis considered when leveraging accountability.Perishable items and dangerous chemicals, for instance, carry potential liability concerns and costs. Stowability Some types of freight aresubject to government regulation or specific carrier policies.There are several ...
A working capital ratio below 1:1 is generally considered low and could be a red flag for investors or creditors.How to calculate the working capital requirement (WCR)? While different businesses may calculate their working capital requirement (WCR) differently, this is the most common formula: ...
Typically, a working capital ratio of 2:1 or higher is considered ideal, indicating that a company has enough current assets to cover its current liabilities twice over. A working capital ratio below 1:1 is generally considered low and could be a red flag for investors or creditors. ...
Further, organization within the warehouses is part of logistic planning. Typically, goods that move frequently or are scheduled for transport soon are placed at the front of the warehouse. Lower-demand items are stored toward the rear. Perishable goods are often rotated so the oldest items are...
There can be crossover between WIP and finished goods, depending on the inventory’s intended purpose. For example, while external car paneling is considered WIP within a factory that intends to install it in a vehicle, it can also be viewed as a finished good if it’s destined to be sol...
aLobsters are highly perishable and their sensitivity to heat, sunshine, rain and wind can result in high rates of mortality. Unlike other fish, lobster (shellfish in general) cannot be sold for human consumption once it dies. Lobster is considered “processed” when it is sold in a form ...
Consumer durables, also known as durable goods, are a category of consumer goods that do not wear out quickly and therefore do not have to be purchased frequently. They are part of core retail sales data and are considered durable because they last for at least three years, as the U.S. ...
The key differences include how perishable the commodity is, whether extraction or production is used, the amount of market volatility involved, and the level of sensitivity to changes in the wider economy. Hard commodities typically have a longer shelf life than soft commodities. In addition, hard...