Understanding and managing your inventory is one of the most critical factors in business success. Yet many entrepreneurs fail to answer such basic questions as “What items are the winners and losers?

Whenever you have more than one record of inventories, putting them into a single list, spreadsheet or database is known as inventory compilation. While this can refer to physical inventories, the ...

Inventory systems vary greatly in their individual design, feature set and operations, but they all share one common trait-to make the counting, tracking and recording of inventory movements easier.