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.

Companies that manufacture and sell tangible goods, or resell products from other firms, must track and manage potentially hundreds of thousands of units of inventory. Using systems to control ...

Inventory management is something many service businesses struggle with as these businesses generally don't have a specific list of items used the same way a retail business does. The nature of a ...

Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of experience as a business executive. He is a professor of economics and has raised more than $4.5 billion in ...

An inventory management system supports the activities of purchasing product, reading sales results and on-hand inventory and liquidation of product for ecommerce, retail and omnichannel companies. If ...