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Does inventory management sometimes feel like a waste of time? Learn how to maximize your inventory management process to use it as a tool for making important business decisions.
Book Synopsis Essentials of Inventory Management by : Max Muller
Download or read book Essentials of Inventory Management written by Max Muller and published by AMACOM Div American Mgmt Assn. This book was released on 2011 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does inventory management sometimes feel like a waste of time? Learn how to maximize your inventory management process to use it as a tool for making important business decisions.
Inventory management is a critical component of supply chain management, addressing how much inventory should be carried across the supply chain, where to carry it, and how much safety stock is required to meet the organization's cost and customer service objectives. Now, there's an authoritative and comprehensive guide to best-practice inventory management in any organization. Authored by world-class experts in collaboration with the Council of Supply Chain Management Professionals (CSCMP), this text gives students and practitioners a thorough understanding of each leading approach to managing supply chain inventories, and the variables that drive decisions about inventory levels. It discusses the fundamental need for inventory, how product value affects inventory decisions, how to determine inventory levels, how the number of inventory locations affects inventory levels, and new approaches to reducing inventory. Coverage includes: Basic inventory management goals, roles, concepts, purposes, and terminology, including periodic inventory, perpetual inventory, safety stock, cycle count, ABC analysis, carrying and stockout costs, and more Key inventory management elements, processes, and interactions Principles/strategies for establishing efficient and effective inventory flows The critical role of technology in inventory planning and management New approaches to reducing inventory including postponement, vendor-managed inventories, cross-docking, and quick response systems Understanding essential trade-offs between inventory and transportation costs, including the impact of carrying costs Requirements and challenges of global inventory management Best practices for assessing inventory management performance using standard metrics and frameworks
Book Synopsis The Definitive Guide to Inventory Management by : Matthew A. Waller
Download or read book The Definitive Guide to Inventory Management written by Matthew A. Waller and published by Pearson Education. This book was released on 2014 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inventory management is a critical component of supply chain management, addressing how much inventory should be carried across the supply chain, where to carry it, and how much safety stock is required to meet the organization's cost and customer service objectives. Now, there's an authoritative and comprehensive guide to best-practice inventory management in any organization. Authored by world-class experts in collaboration with the Council of Supply Chain Management Professionals (CSCMP), this text gives students and practitioners a thorough understanding of each leading approach to managing supply chain inventories, and the variables that drive decisions about inventory levels. It discusses the fundamental need for inventory, how product value affects inventory decisions, how to determine inventory levels, how the number of inventory locations affects inventory levels, and new approaches to reducing inventory. Coverage includes: Basic inventory management goals, roles, concepts, purposes, and terminology, including periodic inventory, perpetual inventory, safety stock, cycle count, ABC analysis, carrying and stockout costs, and more Key inventory management elements, processes, and interactions Principles/strategies for establishing efficient and effective inventory flows The critical role of technology in inventory planning and management New approaches to reducing inventory including postponement, vendor-managed inventories, cross-docking, and quick response systems Understanding essential trade-offs between inventory and transportation costs, including the impact of carrying costs Requirements and challenges of global inventory management Best practices for assessing inventory management performance using standard metrics and frameworks
Book Synopsis Essentials Of Inventory Management by : R. Bhargava
Download or read book Essentials Of Inventory Management written by R. Bhargava and published by . This book was released on 2010-09-14 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Inventory management falls under the umbrella of supply chain management. It is concerned with the evaluation and maintenance of stock. Any item that is about to go out of stock must be restocked to cater to the customer demand. It also involves strategizing where to stock which item in the warehouse and also the maintenance of the warehouse so that no item in the stock suffers any damage. This textbook provides an in-depth understanding of the role and duties of an inventory manager along with a step-by-step explanation of how to carry out such tasks. It will prove as a valuable source of reference to students across the globe.
Book Synopsis Essentials of Inventory Management by : James Andrews
Download or read book Essentials of Inventory Management written by James Andrews and published by . This book was released on 2022-09-13 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inventory management falls under the umbrella of supply chain management. It is concerned with the evaluation and maintenance of stock. Any item that is about to go out of stock must be restocked to cater to the customer demand. It also involves strategizing where to stock which item in the warehouse and also the maintenance of the warehouse so that no item in the stock suffers any damage. This textbook provides an in-depth understanding of the role and duties of an inventory manager along with a step-by-step explanation of how to carry out such tasks. It will prove as a valuable source of reference to students across the globe.
A groundbreaking, up-to-date look at the Best Practice in Inventory Management "This book is aimed to show how good inventory control can be used in practice. It is a result of working continuously on inventory control with a large number of companies over many years. It contains the distilled techniques which have been tried out and proved to work. . . . [It] is a driver's manual of inventory controllers. It will cover the working of the engine (how inventory control techniques work), how to use the controls (what the techniques do and how to manage them), and how to get the best out of the vehicle (how to optimize inventory). Understand the text and it will show the way to guaranteed improved inventory control, reduced stock levels, and higher availability."—from the Preface "The development of inventory management is a dynamic activity, with new approaches being made, techniques being refined, and new challenges being met. . . . It is imperative that [these] challenges are met, since continuing competitiveness is based on ever-improving customer service and ever-reducing inventory costs."—from the text As a vital function of an organization's operational structure, effective inventory management is key to improving a company's customer service, cash flow, and ultimately, its profitability margin. While it may sound simple, it is, in fact, far more complex than most managers perceive, requiring very specific knowledge and understanding. It is based upon a framework of unique tools and techniques essential to achieving complete success. Best Practice in Inventory Management gives you these essentials, with in-depth coverage of the latest practices in the field. The book delivers a wealth of solid solutions for lowering inventory overhead, bettering customer relations, and increasing productivity and performance. An ideal reference for APICS certification candidates, as well as participants in training programs, this authoritative resource outlines basic techniques, describes how and where to apply them, and explains how to ensure their effective implementation. The techniques are placed within the context of stores operations, which can be applied in a variety of situations, from manufacturing and distribution to warehousing, consumable stores, and spares and service. Best Practice in Inventory Management follows a logical progression, beginning with targets and moving forward through inventory structuring, individual item control, and coordination. In the process, it probes cutting-edge strategies, including Pareto analysis, Just in Time (JIT), and Material Requirements Planning (MRP), and offers a rational approach to the risks of stockouts. Aided by a host of new applications, practical methods, and real-world examples, you'll learn to implement a variety of processes vital to inventory structure and control. From effective stock monitoring to forecasting, setting, and assessing stock level guidelines, this book outlines the crucial steps in having suitable product available at an acceptable price and within a reasonable timescale.
Book Synopsis Best Practice in Inventory Management by : Antony Wild
Download or read book Best Practice in Inventory Management written by Antony Wild and published by Wiley-Interscience. This book was released on 1997 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: A groundbreaking, up-to-date look at the Best Practice in Inventory Management "This book is aimed to show how good inventory control can be used in practice. It is a result of working continuously on inventory control with a large number of companies over many years. It contains the distilled techniques which have been tried out and proved to work. . . . [It] is a driver's manual of inventory controllers. It will cover the working of the engine (how inventory control techniques work), how to use the controls (what the techniques do and how to manage them), and how to get the best out of the vehicle (how to optimize inventory). Understand the text and it will show the way to guaranteed improved inventory control, reduced stock levels, and higher availability."—from the Preface "The development of inventory management is a dynamic activity, with new approaches being made, techniques being refined, and new challenges being met. . . . It is imperative that [these] challenges are met, since continuing competitiveness is based on ever-improving customer service and ever-reducing inventory costs."—from the text As a vital function of an organization's operational structure, effective inventory management is key to improving a company's customer service, cash flow, and ultimately, its profitability margin. While it may sound simple, it is, in fact, far more complex than most managers perceive, requiring very specific knowledge and understanding. It is based upon a framework of unique tools and techniques essential to achieving complete success. Best Practice in Inventory Management gives you these essentials, with in-depth coverage of the latest practices in the field. The book delivers a wealth of solid solutions for lowering inventory overhead, bettering customer relations, and increasing productivity and performance. An ideal reference for APICS certification candidates, as well as participants in training programs, this authoritative resource outlines basic techniques, describes how and where to apply them, and explains how to ensure their effective implementation. The techniques are placed within the context of stores operations, which can be applied in a variety of situations, from manufacturing and distribution to warehousing, consumable stores, and spares and service. Best Practice in Inventory Management follows a logical progression, beginning with targets and moving forward through inventory structuring, individual item control, and coordination. In the process, it probes cutting-edge strategies, including Pareto analysis, Just in Time (JIT), and Material Requirements Planning (MRP), and offers a rational approach to the risks of stockouts. Aided by a host of new applications, practical methods, and real-world examples, you'll learn to implement a variety of processes vital to inventory structure and control. From effective stock monitoring to forecasting, setting, and assessing stock level guidelines, this book outlines the crucial steps in having suitable product available at an acceptable price and within a reasonable timescale.
Book Synopsis Basics of Inventory Management by : Anthony D. Wilbon
Download or read book Basics of Inventory Management written by Anthony D. Wilbon and published by . This book was released on 2003 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Fundamentals of Inventory Management and Control by : Richard E. Ward
Download or read book Fundamentals of Inventory Management and Control written by Richard E. Ward and published by . This book was released on 1983 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt:
FOREWORD The global supply chain was severally hit by the Covid-19 in 2020. As a result, Institutions and organisations had to develop innovate in ways to be able to stay in business. This is where I believe knowledge meets opportunity in the mist of crisis. Dr. Joseph L. A. Mensah has made good use of his vast knowledge and understanding of supply chain management and operations by providing a framework for the study of materials planning methods in supply chains. This new book takes a comprehensive look at materials planning strategies and warehousing. In organisations, materials planning and warehousing form an important part of the supply chain. The book offers several theories, ideas, and concepts that are key to understanding supply chain within an organization. The book teaches about the roles and responsibilities within the supply chain and the rationale behind them along with the various planning strategies and tools available to ensure successful flow of inventory from the supplier to the end-user. This edition of the book deepens the reader's understanding of materials planning strategies and warehousing. This edition of the book is exceptional mainly for the new features that have been added by the author. These features I believe will help address the key global issues about supply chain management in organisations. Examples of the features are the total quality management within the supply chain (Chapter 7), forecasting in supply chain management (Chapter 9), e-supply chain (Chapter 12) and warehousing and safety (Chapter 14). The inclusion of these topics to this edition provides additional knowledge on the flow of information and materials throughout an organization how its external customers are affected. The author brilliantly interconnects these topics in a way that contributes effectively to the supply chain. The book is lengthier in this edition, and most of the content is totally new or rewritten with comprehensive examples and computer-based methods. Another useful feature is the 'questions and case studies". In this new feature, the book provides questions and realistic case studies at the end of each chapter as a way to strengthen the reader's understanding of the various major topics. The book is a useful tool for teaching and learning tool. It gives readers a complete grasp of inventory management and while assisting students and industry players to understand the techniques for ensuring good inventory maintenance. The content of this book can serve as a dependable approach for attaining successful stock management since all inventory techniques and warehouse setups that offer a suitable environment for inventory management are covered in this book. Everyone in supply chain management and operations needs a copy of this book as it offers quick responses and a workable approach to specific problem areas and provides sets of ideas from which a better understanding of the relevance and importance of these problem areas and decision-making techniques can be built. Apostle Professor Kwabena Agyapong-Koduah
Book Synopsis Inventory Management Essentials Handbook: a Comprehensive Understanding of the Role of Inventory in Managing Supply Chain Risk by : Joseph Mensah
Download or read book Inventory Management Essentials Handbook: a Comprehensive Understanding of the Role of Inventory in Managing Supply Chain Risk written by Joseph Mensah and published by . This book was released on 2021-09-13 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: FOREWORD The global supply chain was severally hit by the Covid-19 in 2020. As a result, Institutions and organisations had to develop innovate in ways to be able to stay in business. This is where I believe knowledge meets opportunity in the mist of crisis. Dr. Joseph L. A. Mensah has made good use of his vast knowledge and understanding of supply chain management and operations by providing a framework for the study of materials planning methods in supply chains. This new book takes a comprehensive look at materials planning strategies and warehousing. In organisations, materials planning and warehousing form an important part of the supply chain. The book offers several theories, ideas, and concepts that are key to understanding supply chain within an organization. The book teaches about the roles and responsibilities within the supply chain and the rationale behind them along with the various planning strategies and tools available to ensure successful flow of inventory from the supplier to the end-user. This edition of the book deepens the reader's understanding of materials planning strategies and warehousing. This edition of the book is exceptional mainly for the new features that have been added by the author. These features I believe will help address the key global issues about supply chain management in organisations. Examples of the features are the total quality management within the supply chain (Chapter 7), forecasting in supply chain management (Chapter 9), e-supply chain (Chapter 12) and warehousing and safety (Chapter 14). The inclusion of these topics to this edition provides additional knowledge on the flow of information and materials throughout an organization how its external customers are affected. The author brilliantly interconnects these topics in a way that contributes effectively to the supply chain. The book is lengthier in this edition, and most of the content is totally new or rewritten with comprehensive examples and computer-based methods. Another useful feature is the 'questions and case studies". In this new feature, the book provides questions and realistic case studies at the end of each chapter as a way to strengthen the reader's understanding of the various major topics. The book is a useful tool for teaching and learning tool. It gives readers a complete grasp of inventory management and while assisting students and industry players to understand the techniques for ensuring good inventory maintenance. The content of this book can serve as a dependable approach for attaining successful stock management since all inventory techniques and warehouse setups that offer a suitable environment for inventory management are covered in this book. Everyone in supply chain management and operations needs a copy of this book as it offers quick responses and a workable approach to specific problem areas and provides sets of ideas from which a better understanding of the relevance and importance of these problem areas and decision-making techniques can be built. Apostle Professor Kwabena Agyapong-Koduah
Your business is on a roll. Your sales figures are on an uptrend, the customer count is growing steadily, and the profit seems to be good. Everything seems to be perfect until that point when you try to analyze how individual items in your inventory performed. This is where you'll discover the flaws in your business. This book gives inventory professionals the information they need to maximize productivity in key areas, from physical stock issues to problem identification and resolution to technologies like RFID and other automated inventory mechanisms. This book is suitable for novice and veteran managers alike. The author teaches readers how to do this while keeping overhead and operating costs at a minimum by maximizing productivity in key areas--from physical stock issues to problem identification and resolution to technologies like RFID and other automated inventory mechanisms. Novice and veteran managers alike will gain ultra-practical tips and tricks on topics including forecasting and replenishment strategies, retail vs manufacturing inventories, materials requirements planning, formulas for calculating quantities and schedules, and supply chain risk management. Complete with detailed examples, handy tools, and a revised and expanded chapter analyzing "Why Inventory Systems Fail and How to Fix Them," the second edition of Essentials of Inventory Management is perfect for both instructional and on-the-job use. Inventory management is complex, but it can be simplified. With up-to-date insights to maximize productivity, identify and solve issues quickly, forecast and replenish, incorporate automation, and much more, this nontechnical yet thorough guide will teach you how to manage inventory as a physical reality--and maximize its monetary value.
Book Synopsis Inventory Management 101: Your Essential Guide to Effective Inventory Management by : Hildegarde Eustis
Download or read book Inventory Management 101: Your Essential Guide to Effective Inventory Management written by Hildegarde Eustis and published by . This book was released on 2021-05-21 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: Your business is on a roll. Your sales figures are on an uptrend, the customer count is growing steadily, and the profit seems to be good. Everything seems to be perfect until that point when you try to analyze how individual items in your inventory performed. This is where you'll discover the flaws in your business. This book gives inventory professionals the information they need to maximize productivity in key areas, from physical stock issues to problem identification and resolution to technologies like RFID and other automated inventory mechanisms. This book is suitable for novice and veteran managers alike. The author teaches readers how to do this while keeping overhead and operating costs at a minimum by maximizing productivity in key areas--from physical stock issues to problem identification and resolution to technologies like RFID and other automated inventory mechanisms. Novice and veteran managers alike will gain ultra-practical tips and tricks on topics including forecasting and replenishment strategies, retail vs manufacturing inventories, materials requirements planning, formulas for calculating quantities and schedules, and supply chain risk management. Complete with detailed examples, handy tools, and a revised and expanded chapter analyzing "Why Inventory Systems Fail and How to Fix Them," the second edition of Essentials of Inventory Management is perfect for both instructional and on-the-job use. Inventory management is complex, but it can be simplified. With up-to-date insights to maximize productivity, identify and solve issues quickly, forecast and replenish, incorporate automation, and much more, this nontechnical yet thorough guide will teach you how to manage inventory as a physical reality--and maximize its monetary value.
Book Synopsis Fundamentals of Inventory Control by : Association for Operations Management
Download or read book Fundamentals of Inventory Control written by Association for Operations Management and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
