Operations management is an occupational field concerned with the design and management of products, processes, services and supply chains. Operational projects vary widely. They range from strategic ...

In machine shops, the “parts” — i.e., the raw materials, MRO supplies and equipment, works-in-progress, and the finished goods — are vital role in the success of the business. Without effective ...

Writing pro forma projections is not a matter of gazing into a crystal ball and foreseeing the future. Rather, pro formas are only useful to the extent that they touch down and connect with reality, ...

Inventory management is the process of tracking where your products are at all times and when to order more. These techniques can improve your inventory management process, independent of software.

Inventory management software provides automation tools for repetitive, but crucial, tasks in running any type of business. If you’re running a small business and tracking inventory by hand or in ...