In a practical situation it is often difficult to determine the value of the shortage costs for use in in ventory-control systems. However, in cost-minimization problems including service-level ...

General Motors Co. is halting production at its Fort Wayne, Indiana, truck plant for two weeks this spring "to help the company maintain optimal inventory levels," Assistant Plant Director Cherry ...

Modern supply chains are commonly characterized by complexity and volatility. In the era of a constantly evolving supply chain landscape, businesses face numerous challenges in managing inventory ...

Inventory optimization is a phrase much used and abused. But ask a supply chain professional, let alone another senior executive, how close to optimal their inventories are and you will either get ...

Inventory management is the core of supply chain management, comprising all processes necessary to trace inventory levels, monitor stock movements, and efficiently fulfil customer orders. The primary ...

Real-time tracking of all inventory items from ordering to depletion at the restaurants is possible with a web-based back office system. Detailed tracking of every product from procurement to ...

Having the right medications in the right place and at the right time is at the center of every pharmacy practice. But with today’s skyrocketing drug costs, reduced reimbursements and heightened ...

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 ...