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 ...

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 ...

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 ...

ERP systems with built-in bar code interfaces make keeping track of inventory a snap. In a manufacturing environment companies are always looking to increase efficiencies, reduce waste, shorten lead ...

Doing more with less: Practical AI moves for procurement teams in 2026 Procurement teams facing tighter budgets and higher expectations in 2026 can unlock real value from AI by focusing on practical, ...