Inventory is the most valuable asset in a large number of small businesses, and it can also be one of the most difficult assets to keep under control. Theft, administrative errors, physical damage and ...
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 ...
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 ...
Inventory-to-sales ratios are at historic lows, stockouts are at historic highs, and workforce issues are widespread. Gaining visibility into your supply chain, including your own operations, is ...
Your ERP isn’t broken — it’s just outdated, because inventory accuracy still depends on stopping the factory instead of ...
Researchers have developed a system that enables small, safe, aerial drones to read RFID tags from tens of meters away while identifying the tags' locations. The system could be used in large ...
For anyone selling truck parts, managing inventory is the most basic part of the business. Automated inventory systems have been in use in the aftermarket business for years , but today they are ...
SAN DIEGO--(BUSINESS WIRE)--SupplyPro, an inventory management solutions provider, today announced the release and availability of SupplySystem, the industry’s first modular industrial inventory ...
The mundane, laborious tasks of poring over inventory, tracking goods, recording sales, restocking shelves in a timely manner, and predicting future demands have never been popular activities for ...
Opinions expressed by Entrepreneur contributors are their own. Inventory management is a balancing act. Too many of these and too few of those and suddenly your bottom line is shrinking and there’s ...