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Inventory: Asset or Evil for Financial Performance
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Tim Cook—Apple’s CEO—says that inventory is “fundamentally evil”.
In Accounting, inventory is an asset. This means a resource that the company expects to generate future benefits.
It seems that Cook and Accounting views are in conflict. Who’s right: Apple’s CEO or Accounting?
To answer this question, watch this video and know the impact of inventory on the financial statements in S&OP/ IBP.
Other related videos:
Cash Flow Statement: Explained for Supply Chain and Procurement
Understanding the P&L: Explained for Supply Chain and Procurement
In Accounting, inventory is an asset. This means a resource that the company expects to generate future benefits.
It seems that Cook and Accounting views are in conflict. Who’s right: Apple’s CEO or Accounting?
To answer this question, watch this video and know the impact of inventory on the financial statements in S&OP/ IBP.
Other related videos:
Cash Flow Statement: Explained for Supply Chain and Procurement
Understanding the P&L: Explained for Supply Chain and Procurement
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