AI is enabling big-box stores like The Home Depot, Walmart, and Target to prevent product shortages by forecasting demand.

One way to do that is by computerizing your inventory system. You can use the computer just to speed record keeping or go to a full-blown, real-time inventory system, depending on your needs ...

For example, a ski manufacturer using an MRP inventory system might ensure that materials such as plastic, fiberglass, wood, and aluminum are in stock based on forecasted orders. Inability to ...

Thanks to sophisticated software systems that even small businesses can use, more companies are moving toward the perpetual inventory system, which keeps real-time track of product levels.