Manufacturing Execution System (MES) software can be a powerful tool for controlling all aspects of manufacturing, including inventory management. It does a phenomenal job of reaching into processes ...

Since the price of products continually changes due to inflation and consumer demand, valuing current inventory can be challenging. FIFO, or first in, first out, is an accounting method used to ...

Inventory management systems are central to how companies track and control inventories. Having the ability to measure inventory in a timely and accurate manner is critical for having uninterrupted ...

Think of inventory turns as a measure of how well a company’s products are doing in the market and how well its inventory is managed. The term basically captures the number of times per year ...