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.

For large corporations, inventory requirements can be determined using complex algorithms and computer programs. For small businesses, most inventory models can fit within three theories. Each of ...

An inventory management system can make or break your small business performance. Products and services that depend on raw materials, parts and other supplies need consistent inventories to operate ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...