The purpose of an inventory control system is twofold. The primary function is to ensure that a small business meets customer needs -- that products are available when customers want them. But proper ...

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.

Proper inventory management is the backbone of successful businesses, preventing stockouts or excess stacks. It ensures a smooth supply chain, providing materials for operations. This critical ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Michael Boyle is an experienced ...

Although small-business inventories are less extensive than those of larger businesses, the inventory activities each performs are often quite similar. Warehouse organization, receiving, storage and ...