Any business that uses assets should hold a regular asset inventory audit in order to track important data like the number, condition, and location of all assets. The audit is a cost-effective method ...

Small business owners use many tools to track the success and progress of their enterprises. The process of evaluation, typically called auditing, allows a business owner to narrow down potential ...

Small-business owners can apply the results of inventory audits to examine their inventory management procedures and recording methods. These audits assure small-business owners that the company's ...

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 ...

Monitoring, recording, analyzing and reporting the performance of equipment in manufacturing and production facilities or distribution centers (DCs) lets companies improve operations and reduce costs.