Physical inventory counting is a much unloved procedure in most merchandising and manufacturing businesses. The process ensures that the inventory on the company's financial books matches the amount ...

When auditing a company, auditors use a combination of professional judgment and statistical sampling methods to estimate account balances. Statistical sampling is an efficient way to design samples, ...

An excessive number of software solutions are available to help manage your clinical, biobank, or biorepository sample information. But in looking at the options, you really must ask yourself one ...

In operating multiple distribution centers, inventory costs at the SKU level is one of the major ongoing expenses. Companies are often surprised at the magnitude of the inventory increases. Our ...

We propose a sample-average-approximation-based simulation optimisation approach for solving a two-echelon inventory problem containing a total cost objective function and multiple service-level ...