In hardware businesses, managing inventory is a critical yet challenging task. With a wide range of products such as tools, machinery, spare parts, and construction materials, maintaining accurate ...

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 ...

If your business requires maintaining an inventory, you might sometimes feel like you're walking a tightrope. Not having enough inventory means you run the risk of losing sales, while having too much ...

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 ...

Opinions expressed by Entrepreneur contributors are their own. Inventory management is a balancing act. Too many of these and too few of those and suddenly your bottom line is shrinking and there’s ...

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 ...

Delivering reliable product supply from a complex network of suppliers and service providers has only become more difficult in recent years with market challenges such as supply constraints and risk, ...

In a time of extreme unpredictability, companies need to centralize inventory control. It’s imperative to drive agile decision-making by consolidating data across the network, employing advanced ...

Kelly Main is a Marketing Editor and Writer specializing in digital marketing, online advertising and web design and development. Before joining the team, she was a Content Producer at Fit Small ...