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 ...

Inventory is a major asset on a small business's balance sheet and can tie up the often-limited capital resources for various periods. Effective inventory management control requires businesses to ...

This is why it is so important to resolve inventory conflicts. By creating a Plan For Every Part (PFEP) on both raw material and finished goods, you can work toward meeting short-term demands and ...

There are two primary inventory accounting systems: periodic and perpetual. With a perpetual system, sales are recorded as they occur and the inventory balance is updated continuously. Have you ...

If you are starting a small business and must carry inventory, then it is imperative to set up an inventory system. Excess inventory will be a drag on any small business, while sparse inventory ...

There’s a fine balance to be struck between having enough inventory to keep customers happy and keeping your resources from becoming bloated. If you’re still using inventory management ...