Businesses may use two systems to maintain inventory records: perpetual and periodic. Now that computing systems that tie inventory and sales records together are widely available, most companies use ...

Inventory systems track the flow of raw materials, work in process and finished goods inventory from receipt to sale and shipment. Accountants use different methods of tracking inventory based on the ...

Creating a perpetual inventory system at a community hospital yielded net financial improvement of $4.5 million and $2.4 million in ongoing inventory reduction savings, according to a case study by ...

Hospital-based supply chain strategies often work for ASCs too, said Molly Ehrlich, a consulting director with healthcare improvement company Vizient. “Technology and process standardization are your ...

If you’re an e-commerce pro or small business owner, improving your inventory management can help you identify opportunities to free up limited capital. Beyond capital allocation, correct inventory ...

Creating a perpetual inventory system at a community hospital yielded net financial improvement of $4.5 million and $2.4 million in ongoing inventory reduction savings, according to a case study by ...