Make sure your 2024 business plan includes regaining control over inventory count – one of your manufacturing company’s most important metrics. Inventory inaccuracies can lead to stockouts, backlog of ...

Inventory control risks affect all companies regardless of how much inventory the company carries. A small business typically has a large amount of its cash tied up in inventory. With such a large ...

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 ...

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 ...

Inventory control systems aim to ensure that you have an adequate supply of whatever it is you sell to meet anticipated demand, while at the same time avoiding costly "overstock" situations. Inventory ...

An inventory control system is a system the encompasses all aspects of managing a company’s inventories; purchasing, shipping, receiving, tracking, warehousing and storage, turnover, and reordering.

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. When looking ahead to a new year, make sure your business ...