Failing to implement proper inventory control procedures can increase a company's cost of doing business. Small businesses often suffer if they spend too much capital on unpopular inventory.

What Is Inventory Management and Why It’s Vital to Success Inventory management is the umbrella term for the procedures and processes that affect ordering, receiving, storing, tracking and ...

A company's inventory is one of its most important assets. Inventory can be broken down into four categories -- raw materials, finished product, work in process and supplies. Raw materials are the ...

Any business that uses assets should hold a regular asset inventory audit in order to track important data like the number, condition, and location of all assets. The audit is a cost-effective ...

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 ...

In today’s rapidly evolving business world, the difference between thriving and merely surviving often boils down to effective inventory management. Imagine an eager customer ready to make an ...

The boogey-man has nothing on these inventory nightmares. If you’ve been in business long enough, you face the problem of legacy computer systems, procedures, and equipment that are no longer up to ...