The installation of a computerized inventory management system may also be necessary. You will need to purchase additional insurance to protect against any inventory losses or damage. A ...

Purchasing systems are a key component of effective inventory management in that they monitor existing stock and help companies determine what to buy, how much to buy, and when to buy it.

Just-in-time (JIT) inventory systems started in Japan in the 1970s and spread to the U.S. about a decade later. JIT is an inventory-management ... be right for you. For example, if you operate ...

Just in case (JIC) is an inventory strategy where companies keep large inventories on hand. This type of inventory management strategy ... A JIC inventory system tries to keep a minimum level ...