Discover why IFRS prohibits LIFO accounting, including issues like distorted financials, outdated inventory values, and ...

Grocery stores typically place older products in front. New research suggests the opposite approach actually works best.

What brands need is a single dashboard that consolidates all marketplaces, warehouses and customer data in real time.

Discover the key differences in inventory accounting between GAAP and IFRS, including valuation methods, write-down reversals ...

FIFO indicates first in first out which means the mutual fund units bought first are sold first. Based on this phenomenon, ...

Ali Sarrafi, CEO and Kovant, is a seasoned technology and AI executive based in Stockholm with a track record of building and scaling high-growth AI companies. Since founding Kovant in late 2024, he ...

Companies must pay as much attention to the hard side of change management as they do to the soft aspects. By rigorously focusing on four critical elements, they can stack the odds in favor of success ...

At Chicago Booth, we challenge and champion our students to get the most out of their boundless potential to make a difference—in their careers, their communities, and the world. The Master in ...

Henri Fayol’s management theory – the foundation of administrative management – offers a timeless framework of 14 principles that continue to shape business leadership today. This foundational model ...

Max Weber, a German sociologist, argued that bureaucracy was the most efficient model for private businesses and public offices. His theories influenced generations of business leaders and politicians ...

It’s tempting to order inventory in advance just in case you sell out. But businesses are sitting on $1.40 worth of inventory ...