Synopses & Reviews
Synopsis
Best Practice in Inventory Management 3E offers a simple, entirely jargon-free and yet comprehensive introduction to key aspects of inventory management. Good management of inventory enables companies to improve their customer service, cash flow and profitability. This text outlines the basic techniques, how and where to apply them, and provides advice to ensure they work to provide the desired effect in practice.
With an unrivalled balance between qualitative and quantitative aspects of inventory control, experienced consultant Tony Wild portrays the many ways in which stock management is more nuanced than simple "number crunching" and mathematical modelling.
This long-awaited new edition has been substantially and thoroughly updated, and now includes:
An introduction to the strategic side of inventory
An exploration of how data analytics can be successfully deployed in managing stock
- New pedagogical features including chapter learning outcomes, more tables and figures, case studies, focus questions and further reading
- A new section covering agile management and its impact on inventory
- New sections on Kanban and replenishment
The product of decades of experience and expertise in the field, Best Practice in Inventory Management provides students and professionals, even those with no prior experience in the area, an unbiased and honest picture of what it takes to effectively manage stocks in a firm.