Companies that are in the business of selling goods, whether they resell them as retailers or produce them, need to find ways to manage their inventory levels. The process of inventory management ...

Businesses that struggle with inaccurate inventory data, large year-end adjustments of physical inventory results, or a lengthy annual physical inventory process should consider adopting a cycle ...

Anne Embrey, vice president of fulfillment operations for Replacements Ltd., said her company maintains too much aged inventory with about 4% of orders being categorized as ‘problem’ orders. Embrey ...

Taylor Logistics is a full-service, third-party logistics (3PL) company that offers various services including warehousing, transportation, and more to help optimize supply chain management. Their ...

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 ...

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 ...

Inventory management software provides automation tools for repetitive, but crucial, tasks in running any type of business. If you’re running a small business and tracking inventory by hand or in ...

In the workplace, manual calculations of various aspects of inventory management, have largely been superseded by relatively inexpensive business management software, inventory forecasting software in ...