With any inventory management plan, the objective is not just to meet a standard, but to also identify gaps and refine ...

IMGCAP(1)]Inventory management is the practice of planning, directing and controlling inventory so that it contributes to the business' profitability. Inventory is an asset on the balance sheet that ...

For starters, fleet uniformity goes a long way toward achieving reduced downtime, mechanic familiarity with equipment, ...

Effective management for raw materials, MRO supplies, equipment, work-in-progress, and finished goods is critical to shop performance and productivity. In machine shops, the “parts” — i.e., the raw ...

An inventory management system, also known as an inventory control system, is usually a software application that tracks every aspect of the items your company keeps in stock to sell. It can assist ...

Inventory management is the core of supply chain management, comprising all processes necessary to trace inventory levels, monitor stock movements, and efficiently fulfil customer orders. The primary ...

With the need for fewer logistics employees, organizations looking to manage inventory at customer sites should take additional measures to ensure that performance does not falter. To deliver products ...

In the healthcare world, keeping track of product inventory is crucial. But oftentimes, problems arise due to an organization’s disparate systems. When a practice’s systems aren’t linked, staff ...

A recent survey by the Solar Energy Industries Association (SEIA) showed that the solar sector is expanding, with a projected growth rate of 25% in the next five years. With this growth comes the ...