The average age of inventory is a measurement that estimates the average time to sell a given product. Although it is a relatively easy calculation, it is used to analyze management efficiencies as ...

Learn about backorder costs, their impact on inventory management, and strategies for managing delays. See how to optimize business operations and customer satisfaction.

An inventory management system supports the activities of purchasing product, reading sales results and on-hand inventory and liquidation of product for ecommerce, retail and omnichannel companies. If ...

From the most basic to the most advanced organization, Inventory Optimization is a critical goal and one which underpins the effectiveness of the supply chain operation. Inventory Optimization ...

This article was originally published on Confident Cannabis, and appears here with permission. In many ways, a new year offers a fresh slate. For a lot of cannabis dispensaries and delivery purchasing ...

Inventory analysts are part of a retail or manufacturing corporation's operations staff. They work with an organization's management to help them make good decisions regarding inventory purchases.