How to Improve Inventory Management Control. 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 ...

The purpose of an inventory control system is twofold. The primary function is to ensure that a small business meets customer needs -- that products are available when customers want them.

Your Local MEP Center Can Help You Control Your Inventory Levels Understand the carrying costs of your inventory, which can involve storage, labor, transportation, handling, insurance, taxes, ...

Michael Bohinc is a Certified Public Accountant in Cleveland, Ohio, and the owner of Keeping Score Inc. He has served as the Chief Financial Officer of Norhio Plumbing Inc., his family’s plumbing ...

Inventory management and control are important in any industry no matter what the item is—be it nuts and bolts, luxury watches, gold bars or aircraft parts. Knowing what you have and where you ...

Be prepared to adjust the inventory on a very regular basis, if possible--your cash flow may depend upon it. Make sure that you have a tracking system that you can easily review. ("Missing ...