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.

Companies that manufacture and sell tangible goods, or resell products from other firms, must track and manage potentially hundreds of thousands of units of inventory. Using systems to control ...

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 ...

An inventory manager must be able to develop an effective inventory control system to manage customer demand. The demand for the product will control inventory costs, carrying costs, ordering costs ...

DENVER - Some of the best reasons for having a properly managed inventory control system includes increased profits and having money in the bank. How so? David Rosenthal, a trainer with the Nexstar ...

Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of experience as a business executive. He is a professor of economics and has raised more than $4.5 billion in ...