Thursday, November 6, 2014
ACCOUNTING & SUPPLY CHAIN MANAGEMENT
We believe that Accounting is still back 100 years with the Ford Model A, when labor was the big cost, and there was no real international activity. They view inventory as an asset, and it shows on the balance sheet. They treat freight and warehouse as costs on the monthly P&L. And nowhere on any recognized financial statement is service. And therein lies the rub with supply chain management.