An inventory control system is a system the encompasses all aspects of managing a company’s inventories; purchasing, shipping, receiving, tracking, warehousing and storage, turnover, and reordering.

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 ...

If you maintain equipment, you've got spare parts on the shelf. And if you have parts on the shelf, a computerized maintenance and inventory management system is one of the best investments you can ...

In a small business or small computer department, physically counting and tracking inventory can be an easy, quick thing to do. Even a computer novice can open a spreadsheet and list a few computers ...

Getting started Most fleet maintenance management systems incorporate parts management as a feature, capturing details of each part – where it came from, where it is now, how many are left, and its ...

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 ...