Multiple inventory control methods exist including aggregate control, item level control, ABC analysis, economic-order-quantity and lot-size methods. Small companies that find it difficult to ...

In machine shops, the “parts” — i.e., the raw materials, MRO supplies and equipment, works-in-progress, and the finished goods — are vital role in the success of the business. Without effective ...

With any inventory management plan, the objective is not just to meet a standard, but to also identify gaps and refine ...

Proper inventory management is a necessary component of any business that carries stocked items. Much of a business's capital is tied up in its inventory, and it effectively represents sitting money ...

Companies routinely discover they’re paying for dozens of unused software licenses while simultaneously purchasing equipment ...

In a time of extreme unpredictability, companies need to centralize inventory control. It’s imperative to drive agile decision-making by consolidating data across the network, employing advanced ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. Effective inventory management is vital for any ...

Inventory management is the core of supply chain management, comprising all processes necessary to trace inventory levels, monitor stock movements, and efficiently fulfil customer orders. The primary ...

If tossing spoiled products into the dumpster and paying suppliers’ restocking fees is costing your business money, here’s how to polish your inventory management approach and operate more sustainably ...

Crocs has been working to control the flow of unauthorized inventory to what executives label “gray market” channels, which include Amazon’s website. Based on the footwear company’s visibility into ...