To understand the need for this type of system -- which is really a combination of software programs -- consider a customer's needs. For example, if you go online and order a new digital camera and ...

Discover how purchasing systems streamline inventory management, control costs, and ensure efficient purchasing from requisition to payment.

Managers have many choices when it comes to accounting for inventory. Regardless of whether your small business uses a periodic or perpetual system, you must establish a method to determine the cost ...

Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of experience as a business executive. He is a professor of economics and has raised more than $4.5 billion in ...