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.

The president is fixated on bringing manufacturing back to the United States. The idea to “save manufacturing” makes for good sound bites but does not appreciate how much the U.S. economy has changed ...

Data is increasingly considered a new form of capital that drives economic growth in the digital age. This is because data has become more valuable for various activities. For example, it can be used ...

A new study by UC Davis researchers quantifies the climate costs of carbon emissions from manufacturing common materials such as steel, aluminum, plastics and cement. Including these costs in the ...

Cost accounting examines how a company spends money. All expenses are recorded and analyzed in detail and then reported to management, who uses this information to identify ways to increase efficiency ...

John Clemons is a Solution Consultant for Rockwell Automation. He's been working in the field of Manufacturing Technology for over 30 years. Artificial intelligence (AI) is everywhere these days.

American companies eager to bring manufacturing jobs back from overseas are hitting an unexpected roadblock that’s forcing them to abandon reshoring plans despite strong political support and supply ...

Learn about rent expenses, including definitions, components, and impacts on businesses. Explore different lease types and tax implications for informed decision-making.

Producing materials such as steel, plastics and cement in the United States alone inflicts $79 billion a year in climate-related damage around the world, according to a new study by engineers and ...