Amidst the recent continued economic volatility, C-level executives’ focus has shifted from revenue growth to profitable growth, and hence global supply chain performance has gained a great deal of ...

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.

Various inventory control methods exist. For the small business, the inventory control method used has a major impact on the business's cash flow and operational cost. Whatever inventory control ...

Inventory planning and control are functions relating to inventory management. Business owners pay close attention to inventory as it usually represents the second largest expense in their businesses.

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. If your small business stores the goods you sell in a ...

Not a subscriber? Apply online today. Making sure the right amount of product is in the designated place and at the right moment can be tricky. One inbound shipment that comes in late, an incorrect ...

Getting inventories right is hard—but why? In this age of advanced technology, ERP systems, and AI, one would expect companies to leverage these tools as a competitive advantage or, at the very least, ...

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 ...

Artificial intelligence (AI) is well-known for its ability to make data-driven decisions, but there is a lesser-known branch of AI called natural language processing (NLP) that is starting to turn ...

Inefficient supply chain management and inventory management causes retailers worldwide to lose more than $1.8 trillion annually. Even though offline retail accounts for the majority of this number, ...

The Department of Environmental Health & Safety has launched a comprehensive campus-wide chemical inventory system. This system has been developed to effectively monitor hazardous chemicals across UAB ...

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 ...