Quite often, even among well-run businesses, the actual costs of inventory are inaccurate, underestimated and incomplete. While most resellers know they have dead inventory, many are unaware of just how much. Studies show that in even well-run companies, anywhere from 20 to 30 percent of inventory is dead or obsolete.
According to the EY 2016 Global Forensic Data Analytics Survey, 77 percent of respondents use forensic data analytics to combat internal fraud, which includes travel and entertainment abuse, collusions, and other fraud committed by an insider.
Shipping companies transporting coal, iron ore and other commodities are urgently seeking ways to conserve cash and withstand the worst market downturn on record as too many ships chase shrinking business.
