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.

If you maintain equipment, you've got spare parts on the shelf. And if you have parts on the shelf, a computerized maintenance and inventory management system is one of the best investments you can ...

Discover how the periodic inventory system simplifies stock management through physical counts, and explore its cost-effective benefits for small businesses today.

Inventory accounting uses either a periodic or perpetual method for reporting. According to the book "Getting the Count Right: Understanding Inventory Accuracy," perpetual inventory systems work best ...

Opinions expressed by Entrepreneur contributors are their own. In the fifth edition of his book Retail in Detail, retail business owner and consultant Ronald L. Bond offers small-business owners an ...