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 ...

Inventory is a major asset on a small business's balance sheet and can tie up the often-limited capital resources for various periods. Effective inventory management control requires businesses to ...

Opinions expressed by Entrepreneur contributors are their own. In their book Start Your Own Business, the staff of Entrepreneur Media Inc. guides you through the critical steps to starting your ...

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 ...

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 ...