Inventory management is an important small business function. Inventory is usually the second largest expense for a business, outside of payroll. Business owners create processes for managing their ...

Multiple inventory control methods exist including aggregate control, item level control, ABC analysis, economic-order-quantity and lot-size methods. Small companies that find it difficult to ...

In previous columns we have discussed workload management and estimating as “hard” basics in the plumbing/mechanical subcontracting business. Inventory control is another area that can either make ...

…to guide against keeping fictitious stocks in the book, simple stock control methods can be deployed by even the smallest businesses. More importantly, each business should endeavour to establish a ...