The retailer's supply chain chief said technology and automation can help produce a more efficient inventory mix and flow into stores.

Efficient inventory management is the backbone of any successful retail business. Whether you run a small store or a large ...

With an inventory accounting method, such as last-in, first-out (LIFO), you can do just that. Below, we’ll dive deeper into LIFO method to help you decide if it makes sense for your small business.

Other inventory differences include how markdowns are allowed under the retail inventory method (RIM), and how inventory write-downs are reversed. According to the American Institute of Certified ...