I’ve been working with several of my New York Institute of Technology MBA students in various practicums I’ve setup. I’m finding a lot of them have extensive backgrounds and studies in supply chain ...

Material requirements planning systems add a level of automation to inventory control. When you set minimum and maximum stock levels on a simple inventory, you are beginning to use MRP principles. MRP ...

In this advanced age of technology, most companies—especially manufacturing firms—depend on Enterprise Resource Planning (ERP) solutions to successfully carry out their business operations. This week, ...

An inventory manager must be able to develop an effective inventory control system to manage customer demand. The demand for the product will control inventory costs, carrying costs, ordering costs ...