Cycle inventory counting is an inventory management approach where part of an inventory is counted each day. A counting schedule is developed, and specified areas of inventory are checked according to ...

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 ...

Anne Embrey, vice president of fulfillment operations for Replacements Ltd., said her company maintains too much aged inventory with about 4% of orders being categorized as ‘problem’ orders. Embrey ...

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 ...

Avoiding excessive inventory carrying costs requires maintaining accurate inventory records. One of the most efficient ways to maintain that accuracy is by ...

Your ERP isn’t broken — it’s just outdated, because inventory accuracy still depends on stopping the factory instead of ...

If you’re an e-commerce pro or small business owner, improving your inventory management can help you identify opportunities to free up limited capital. Beyond capital allocation, correct inventory ...

The best inventory management software supports all of your business’s sales channels, streamlines order management and generates detailed reports. NerdWallet's content is fact-checked for accuracy, ...

Amidst the recent continued economic volatility, C-level executives’ focus has shifted from revenue growth to profitable growth, and hence global supply chain performance has gained a great deal of ...

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 ...

Imagine walking into your favorite clothing store in search of a pair of pants that you saw online. You made the three-mile drive to the shopping center and braved the crowds only for the pants to be ...

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 ...