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 ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Multiple inventory control methods exist including aggregate control, item level control, ABC analysis, economic-order-quantity and lot-size methods. Small companies that find it difficult to ...

Decision rules for inventory control are designed to eliminate the uncertainty related to the prevailing economic environment. Businesses of all sizes must have positive control over inventory to ...

Kanban is an inventory control system used in just-in-time (JIT) manufacturing to track production and order new shipments of parts and materials.

Inventory systems can make or break your business, and effective controls help provide visibility as to what you have, what you need, what you don’t need and costs. But bad procedures can lead to ...

At any given time, on any given work day, Edward (Sonny) Prince serves as a true jack-of-all-trades in his primary role as operations director for CNC Manufacturing Inc. in Kennett Square, ...

Understanding and managing your inventory is one of the most critical factors in business success. Yet many entrepreneurs fail to answer such basic questions as “What items are the winners and losers?

In a 2018 survey of global supply chain executives, 21.8% stated that lack of visibility was the worst challenge they faced. The proportion for data management was the lowest, coming in at 1.3%, while ...

A comprehensive equipment inventory will be conducted between July and June every other fiscal year using the guidelines outlined in the tracking/control procedures. At the department’s request a copy ...