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 ...

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.