Inventory Control Theory. Large companies use a variety of inventory control theories and mathematical formulas to help them optimize the production and storage of many thousands of units of ...

Formula of Critical Level in an Inventory System. Critical inventory is the minimum amount of inventory you should have on hand. Knowing this number is crucial to running a business effectively ...

Proper truck parts inventory management is more important than ever. Check out these eight simple ways that will help fleets manage inventories more effectively.

The gross margin return on investment (GMROI) is an inventory profitability ratio that analyzes a firm's ability to turn inventory into cash over and above the cost of the inventory.

Serialization and traceability are crucial elements of inventory management and control in any industry but are vital to human lives in the aerospace and defense sector.