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 ...

Inventory control is a major element of an efficient operation for any business that buys and resells goods. Typical goals of inventory management include maintaining low inventory holding costs while ...

In a time of extreme unpredictability, companies need to centralize inventory control. It’s imperative to drive agile decision-making by consolidating data across the network, employing advanced ...

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 ...

Industry 4.0 is not just about automation. It’s about smart systems that sense, adapt, predict and act in real time. One example is inventory control, which was once a centralized back-office function ...

AKRON — Myers Tire Supply — a distributor of tools, equipment and supplies for the tire, wheel, and under-vehicle service industry — has launched MTS Xpress, a proprietary inventory management tool.

We investigate whether ineffective internal control over financial reporting has implications for firm operations by examining the association between inventory-related material weaknesses in internal ...

All departments are required to perform a complete inventory of their capital equipment once per year. This process is an important control activity designed to safeguard the assets of the University.

This article analyzes a continuous time back-ordered inventory system with stochastic demand and stochastic delivery lags for placed orders. This problem in general has an infinite dimensional state ...