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  2. Inventory management software - Wikipedia

    en.wikipedia.org/wiki/Inventory_management_software

    Inventory management software is a software system for tracking inventory levels, orders, sales and deliveries. [1] It can also be used in the manufacturing industry to create a work order, bill of materials and other production-related documents. Companies use inventory management software to avoid product overstock and outages.

  3. Inventory control - Wikipedia

    en.wikipedia.org/wiki/Inventory_control

    Inventory control or stock control can be broadly defined as "the activity of checking a shop's stock". [1] It is the process of ensuring that the right amount of supply is available within a business. [2] However, a more focused definition takes into account the more science-based, methodical practice of not only verifying a business's ...

  4. Inventory theory - Wikipedia

    en.wikipedia.org/wiki/Inventory_theory

    Material theory (or more formally the mathematical theory of inventory and production) is the sub-specialty within operations research and operations management that is concerned with the design of production/inventory systems to minimize costs: it studies the decisions faced by firms and the military in connection with manufacturing, warehousing, supply chains, spare part allocation and so on ...

  5. Vendor-managed inventory - Wikipedia

    en.wikipedia.org/wiki/Vendor-managed_inventory

    Vendor-managed inventory (VMI) is an inventory management practice in which a supplier of goods, usually the manufacturer, is responsible for optimizing the inventory held by a distributor. Under VMI, the retailer shares their inventory data with a vendor (sometimes called supplier) such that the vendor is the decision-maker who determines the ...

  6. Material requirements planning - Wikipedia

    en.wikipedia.org/wiki/Material_requirements_planning

    Material requirements planning. Material requirements planning (MRP) is a production planning, scheduling, and inventory control system used to manage manufacturing processes. Most MRP systems are software -based, but it is possible to conduct MRP by hand as well. An MRP system is intended to simultaneously meet three objectives:

  7. Manufacturing operations management - Wikipedia

    en.wikipedia.org/wiki/Manufacturing_operations...

    Production management software provides real-time information about jobs and orders, labor and materials, machine status, and product shipments. Performance analysis software displays metrics at the machine, line, plant and enterprise level for situational or historical analysis. Quality and compliance software is used to promote compliance ...

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