Obsolete inventory is one of the largest components of inventory cost and often is larger and more costly than executives are willing to admit. Many suggest optimistically (and often sheepishly) that ...

The accounting treatment of obsolete items can have a dramatic effect on the financial statements of any business. Therefore, it is important for every owner to understand the principles of accounting ...

Inventory consists of the products a business sells to its customers. Obsolete inventory are products you can no longer sell due to various reasons, such as clothing that is out of fashion or ...

High-tech products evolve at breakneck speed, which can be a good thing for consumers who want the latest and greatest. But it also means products can quickly become marginalized (requiring sellers to ...

In the pandemic era, the growth of the global economy is already moving at a slow pace. An obsolete supply chain may slow down your business further. Generally, an existing supply-chain function may ...

Forbes contributors publish independent expert analyses and insights. I do mergers & acquisitions in retail/consumer and write about trends. The uncertainty surrounding tariffs is creating paralysis ...

Though executives and analysts can't pinpoint the percentage of components that will sour before demand picks up, they have acknowledged that some parts will become obsolete while waiting for a buyer.

Jilin Chemical Industrial has reported the largest annual net loss by an H share, 1.81 billion yuan (about HK$1.69 billion), due to huge provisions against obsolete inventory and uncollected ...