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 ...

Most manufacturing businesses struggle with inventory management issues, and many believe the solution is to implement new software. But despite what vendors tell you, a new software system isn't ...

So what some merchants are doing as a part of risk management is sending what they can and what makes sense into, for example, Fulfillment by Amazon (FBA) while also keeping more inventory at a ...

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 ...

What’s more, many managers who had previously followed “lean” principles, including “just-in-time inventory management ... In the apparel sector, for example, buyers must place peak ...