Buying unnecessary inventory costs your business money. Conversely, inadequate inventory can lose sales. Accountants and analysts have developed a number of metrics for judging how efficiently your ...

Inventory is one of the major concerns of a small business. Having what your customers need when they need it matters. Maintaining control of your inventory can be a challenge, however, as even in the ...

Kelly Main is a Marketing Editor and Writer specializing in digital marketing, online advertising and web design and development. Before joining the team, she was a Content Producer at Fit Small ...

Material requirements planning (MRP) is a computer-based inventory management system designed to assist production managers in scheduling and placing orders for items of dependent demand. Dependent ...

With any inventory management plan, the objective is not just to meet a standard, but to also identify gaps and refine ...

Michael Amori is CEO and cofounder of Virtualitics. A data scientist and entrepreneur with a background in finance and physics. At the core of modern logistics and inventory management lies a web of ...