Effective inventory control is founded on the principle that the warehouse operator must be able to satisfy all demands for material out of inventory while keeping inventory as low as possible. To ...

The purpose of an inventory control system is twofold. The primary function is to ensure that a small business meets customer needs -- that products are available when customers want them. But proper ...

Have you ever found yourself scrambling to find out which products are running low or when your next shipment is due? Managing inventory can be a daunting task, especially if you’re relying on ...

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.

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 ...

What is an inventory management system? An inventory management system tracks purchases, keeps count of goods and supplies in stock, and reorders supplies when levels get low. More sophisticated ...

Have you ever found yourself scrambling to locate stock details or manually tracking inventory across endless spreadsheets? For many businesses, inventory management feels like a juggling act, one ...

Enterprise resource planning (ERP) is a method of using computer technology to link various functions—such as accounting, inventory control, and human resources—across an entire company. ERP is ...

Inventory control ensures that a company's inventory level meets predetermined standards of services and can release enough funds for working capital. Strategic inventory is the inventory without ...