In today’s fast-paced business landscape, effective inventory control can be the difference between profitability and loss.

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 ...

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.

You can even control inventory right at the cash register with point-of-sale (POS) software systems. POS software records each sale when it happens, so your inventory records are always up-to-date.

For anyone selling truck parts, managing inventory is the most basic part of the business. Automated inventory systems have been in use in the aftermarket business for years , but today they are ...

Investopedia / Zoe Hansen Two-bin inventory control is a system used to determine when items or materials used in production should be replenished. When items in the first bin have been depleted ...

Investopedia / Jiaqi Zhou Kanban is an inventory control system used in just-in-time (JIT) manufacturing. It was developed by Taiichi Ohno, an industrial engineer at Toyota, and takes its name ...