An inventory control system is a system the encompasses all aspects of managing a company’s inventories; purchasing, shipping, receiving, tracking, warehousing and storage, turnover, and reordering.

Generally accepted accounting principles require that businesses assign all costs of production to the products they make. This cost assignment process occurs through the use of a traditional costing ...

Material requirements planning systems add a level of automation to inventory control. When you set minimum and maximum stock levels on a simple inventory, you are beginning to use MRP principles. MRP ...

Your ERP isn’t broken — it’s just outdated, because inventory accuracy still depends on stopping the factory instead of ...

Accounting software for small manufacturing businesses should have advanced inventory management capabilities along with the ability to manage labor costs, production schedules, work orders and bill ...

Jennifer Simonson is a business journalist with a decade of experience covering entrepreneurship and small business. Drawing on her background as a founder of multiple startups, she writes for Forbes ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. Effective inventory management is vital for any ...

In the intricate and highly regulated world of food and beverage manufacturing, the right software can be one of the cornerstones of success. Food manufacturing software, encompassing ERP (Enterprise ...

Inventory for eCommerce and other types of businesses is crucial, and keeping track of it is even more important. Thankfully, we have Microsoft Excel that will enable you to manage your inventory ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

As a manufacturer, you need to make what your customers want. The challenge is knowing exactly what they want, when they want it. In general, approaches to supply chain management in manufacturing ...