As a business person, you don't want a situation where your stock level either exceeds or is way less than the customer demand. The merchandising process should be optimized in such a way that the ...

One of the lessons every seller learns quickly is that good inventory management is the key to a healthy bottom line. The disparity between consumer demand and inventory levels leads to a whole host ...

In machine shops, the “parts” — i.e., the raw materials, MRO supplies and equipment, works-in-progress, and the finished goods — are vital role in the success of the business. Without effective ...

Efficient spare parts inventory management can help reduce downtime in your fleet due to challenges like shortages, out-of-stock parts, lengthy repairs, and more. Poor inventory management can leave ...

After several tumultuous years of pandemic-driven supply chain disruptions, many businesses report that the tide is beginning to turn. Although significant uncertainty remains, price increases have ...

Companies are struggling to maintain the right inventory. Pandemic-era supply chain disruptions and volatile consumer demand led many companies to shore up inventory in 2021, while soaring container ...

California supermarket chain Stater Bros. is rolling out an AI-powered ordering solution from Afresh in the produce department at all 169 of its stores following a successful pilot. By replacing its ...

Discover how purchasing systems streamline inventory management, control costs, and ensure efficient purchasing from requisition to payment.

Independently, radio frequency identification (RFID) and artificial intelligence (AI) are powerful technologies for retail. When paired together, though, these solutions can deliver even more value.

Discover how Just-In-Time inventory boosts efficiency across industries like retail, tech, and manufacturing, minimizing ...

As a staff writer for Forbes Advisor, SMB, Kristy helps small business owners find the tools they need to keep their businesses running. She uses the experience of managing her own writing and editing ...