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 ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. Effective inventory management is vital for any ...

Production plans change daily, with warehouse, procurement, and production departments' information not matching, causing ...

The purpose of an inventory control system is twofold. The primary function is to ensure that a small business meets customer needs -- that products are available when customers want them. But proper ...

Inventory management can provide significant operational benefits for power companies. From forecasting, fueled by real-time data, to automated replenishment and supply chain continuity, digital ...

Have you ever found yourself scrambling to find out which products are running low or when your next shipment is due? Managing inventory can be a daunting task, especially if you’re relying on ...

If you’ve been counting your stock by hand, spending countless hours wandering your warehouse or updating tedious spreadsheets, you’re probably looking for a better system that shows you the items you ...

This paper analyzes the impact of forecasting on inventory decisions in a large physical distribution system. Alternative forecasting models are evaluated by developing tradeoff curves between ...

Most manufacturing businesses struggle with inventory management issues, and many believe the solution is to implement new software. But despite what vendors tell you, a new software system isn't ...