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 ...

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.

If you want to improve inventory management, you may find it helpful to focus on specific projects. By listing topics that would make good projects, you can tackle inventory management in small chunks ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Learning how to manage inventory efficiently is critical to ...

Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of experience as a business executive. He is a professor of economics and has raised more than $4.5 billion in ...