Synopses & Reviews
This book contains a logistics approach to inventory management-from the warehouse through the distribution system, from the supplier to the customer. Written for managers, it outlines objectives and performance measures pertaining to customer service, inventory investment, and operational efficiency. Factors affecting inventory are fully discussed and warehouse environments are fully explored, including types and objectives, packaging, material handling, and costs involved.
Synopsis
This book contains a logistics approach to inventory management-from the warehouse through the distribution system, from the supplier to the customer.
Table of Contents
Introduction Module 1: Inventory Objectives and Policies What Is Inventory Management? Handling Conflicting Objectives Inventing Categories Types of Inventory Module 2: Independent Demand Inventory Systems Inventory Information Systems Independent Demand Models Environments and Their Effects on Inventory Management Order Cycles and Lead Times Module 3: Inventory Management Tools and Techniques Forecasting and Determining Inventory Levels Essential Calculations (EOQ) The 80/20 Rule (ABC Analysis) Determining Other Costs Lot Size and Safety Stock Module 4: Inventory Management and Financial Analysis Financial Control of Inventory Balance Sheet Basics Income Statement Basics The Basic Manufacturing Equation Key Financial Ratios Identifying Suppliers with Potential Cash-Flow Problems Costed Bill of Materials Allocation of Factory Overhead and Activity-Based Costing Module 5: Physical Controls: The Warehouse Environment Objectives of Warehousing Picking, Packing, and Shipping Costs of Warehousing Setting Up a Warehouse System Module 6: Distribution Inventory Planning and Control (Logistics) Delivering Products Types of Distribution Systems Forecasting Stockkeeping Units (SKU) Requirements Integrating Distribution and Manufacturing Systems Just-in-Time (JIT) in a Distribution Environment Answers to Exercises