Because it costs money to store inventory, businesses tend to be upset when items gather dusts on shelves instead of being purchased by customers and creating revenue. However, while it takes extra ...

Businesses that manage inventory must rely on generally accepted principles of accounting, or GAAP, to assess and plan for their stock levels. Without inventory valuation, it would be difficult for ...

Kelly Main is a Marketing Editor and Writer specializing in digital marketing, online advertising and web design and development. Before joining the team, she was a Content Producer at Fit Small ...

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 ...

What brands need is a single dashboard that consolidates all marketplaces, warehouses and customer data in real time.

With the changing landscape of the parts distribution market, can some things remain constant and dependable? Of course. Distributors and contractors across the United States have fine-tuned their ...

Inventory Turnover Ratio plays a pivotal role in understanding how efficiently a company manages its inventory. It measures the frequency at which a company sells and replaces its inventory within a ...