Inventory is a major asset on a small business's balance sheet and can tie up the often-limited capital resources for various periods. Effective inventory management control requires businesses to ...

An inventory control system is a system the encompasses all aspects of managing a company’s inventories; purchasing, shipping, receiving, tracking, warehousing and storage, turnover, and reordering.

ERP systems with built-in bar code interfaces make keeping track of inventory a snap. In a manufacturing environment companies are always looking to increase efficiencies, reduce waste, shorten lead ...

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 ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Michael Boyle is an experienced ...

RUNNING an efficient supply chain system comes with countless challenges, but few are as persistent as inventory management challenges. RUNNING an efficient supply chain system comes with countless ...

Inventory management can provide significant operational benefits for power companies. From forecasting, fueled by real-time data, to automated replenishment and supply chain continuity, digital ...

Opinions expressed by Entrepreneur contributors are their own. Inefficient supply chain management and inventory management cause retailers worldwide to lose more than $1.8 trillion annually. Even ...

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 ...

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 ...

Inefficient inventory management can wreak havoc on your business. That’s why many manufacturers and suppliers use a cloud-based ERP inventory management control solution to identify in real time ...