A second edition of Jon Schreibfeder's book Achieving Effective Inventory Management is available from the National Association of Wholesaler-Distributors (NAW) through the web site www.nawpubs.org.

Multiple inventory control methods exist including aggregate control, item level control, ABC analysis, economic-order-quantity and lot-size methods. Small companies that find it difficult to ...

Buying unnecessary inventory costs your business money. Conversely, inadequate inventory can lose sales. Accountants and analysts have developed a number of metrics for judging how efficiently your ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Michael Boyle is an experienced ...

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 ...

If tossing spoiled products into the dumpster and paying suppliers’ restocking fees is costing your business money, here’s how to polish your inventory management approach and operate more sustainably ...

Inventory management is the process of tracking where your products are at all times and when to order more. These techniques can improve your inventory management process, independent of software.

Anna Baluch is a freelance writer from Cleveland, Ohio. She enjoys writing about a variety of health and personal finance topics. When she's away from her laptop, she can be found working out, trying ...

Not a subscriber? Apply online today. Inventory management takes both planning and execution. For decades, execution has relied on bar code data collection and wireless, system-directed material moves ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. If your small business stores the goods you sell in a ...