Two-bin inventory control provides a method by which companies are internally flagged when items they need for production are ...

Knowing how many units you have in your beginning inventory is crucial to developing a production budget. Your production budget is an estimate of how many units you must manufacture to meet your ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

In many companies, products are built to stock, which means that a manufacturing process produces a product that is placed in inventory to await its sale rather than shipped directly to a customer at ...

My Textile Fabric, a Los Angeles–based fabric vendor and distributor, has expanded its fabric inventory in response to ...

ERP systems with built-in bar code interfaces make keeping track of inventory a snap. In a manufacturing environment companies are always looking to increase efficiencies, reduce waste, shorten lead ...

Some businesses produce upon order, while others produce for inventory. An artist just came across a hybrid approach that knocked my socks off. Before explaining that, let’s review the fundamental ...

The Marcellus-focused company is stacking new production inventory and bringing more wells online to supply a new power plant ...