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Managing Inventory and Inventory Control

Depending upon the type of business you have, the goods in your inventory can consume a tremendous amount of money. From purchasing the raw materials, to shipping the final goods, to stocking spare parts, and everything in between, all must be managed in order to minimize investment and maximize effectiveness. These resources will help you control the inventory that is required to run your business.

How To Calculate Inventory Turnover
Controlling the amount of inventory on-hand is critical to the operation of your business. How do you know if you have the right amount of inventory in stock? Here is a quick tool you can use to see if you are doing a good job.

Good Retail Inventory Control
Owners of retail based businesses have special needs when it come to inventory control. Too much inventory and you are wasting money. Too little and you are losing sales. Here is a method that will help retail establishments determine the right level of inventory.

Introduction to Supply Chain Management
If your company makes a product from parts and pieces that are purchased from other companies, you have what is called a “supply chain.” In order to provide your customers with the best service and delivery that supply chain must be managed. Here is an introduction to supply chain management so you can see how it would apply to your company.

Top 20 Supply Chain Management Software Providers
Managing your supply chain is an important task. Fortunately there are various software packages to help you accomplish this task. Unfortunately, the choice is not straight forward. Depending upon the type of business that you have will determine the software that is right for you. Here is a list of the top 20 supply chain management software companies to help you get started.

Implementing a World Class Purchasing Organization
A rapidly growing company may quickly out pace the methods and procedures that used to carry the company in its day-to-day operations. Larger companies need more sophisticated solutions in order to stay competitive. If you’re looking for bigger and better purchasing solutions, start here.

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