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

Inventory management has been anything but simple over the last three years. A global pandemic, labor shortages and product recalls, among other factors, have led to the so-called “bullwhip effect,” ...

This spring, American Eagle Outfitters announced a $75 million inventory write-down and withdrew its fiscal guidance for 2025, citing macroeconomic uncertainty and operational challenges. The retail ...

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 ...

Properly managing inventory requires a system of some sort. It doesn't matter if the system consists of writing inventory levels on the back of an envelope or using the most sophisticated radio ...

Jeff is a writer, founder, and small business expert that focuses on educating founders on the ins and outs of running their business. From answering your legal questions to providing the right ...

Artificial intelligence (AI) is well-known for its ability to make data-driven decisions, but there is a lesser-known branch of AI called natural language processing (NLP) that is starting to turn ...

Inefficient supply chain management and inventory management causes retailers worldwide to lose more than $1.8 trillion annually. Even though offline retail accounts for the majority of this number, ...

Editor’s Note: Tracey Smith is an internationally recognized business author, speaker and analytics consultant. She is the author of multiple books and hundreds of articles. Tracey has worked with and ...

Auto dealerships face a perpetual challenge: balancing inventory to meet customer demand without overstocking, which can lead to carryover inventory. Carryover inventory — vehicles that remain unsold ...

Opinions expressed by Entrepreneur contributors are their own. Inefficient supply chain management and inventory management cause retailers worldwide to lose more than $1.8 trillion annually. Even ...