Inventory planning and control are functions relating to inventory management. Business owners pay close attention to inventory as it usually represents the second largest expense in their businesses.

Large companies use a variety of inventory control theories and mathematical formulas to help them optimize the production and storage of many thousands of units of products and to help them minimize ...

In their book Start Your Own Business, the staff of Entrepreneur Media Inc. guides you through the critical steps to starting your business, then supports you in surviving the first three years as a ...

Inventory control ensures that a company's inventory level meets predetermined standards of services and can release enough funds for working capital. Strategic inventory is the inventory without ...

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.

Cash flow problems are some of the most common difficultiessmall businesses encounter, and they are usually the first signs ofserious financial trouble ahead. Tying money up in inventory canseverely ...

While investors lose sleep over a possible recession, they should also be paying careful attention to inventory levels of companies as a near-term risk to corporate profits. U.S. business inventories ...

For anyone selling truck parts, managing inventory is the most basic part of the business. Automated inventory systems have been in use in the aftermarket business for years , but today they are ...

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 ...

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 ...