Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Learning how to manage inventory efficiently is critical to ...

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 ...

Getting inventories right is hard—but why? In this age of advanced technology, ERP systems, and AI, one would expect companies to leverage these tools as a competitive advantage or, at the very least, ...

Artificial intelligence (AI) is well-known for its ability to make data-driven decisions, but there is a lesser-known branch of AI called natural language processing (NLP) that is starting to turn ...

Analyst Insight: AI revolutionizes initial inventory planning and stockpiling by estimating demand even when historical data is missing. This optimizes procurement, reduces costs, and prevents ...

The pandemic stressed the need for fleet managers to balance adequate stock with avoiding excess inventory. Ongoing issues like volatility and rising tariffs require fleet managers to stay informed on ...