Synopses & Reviews
Synopsis
The bar is set high for inventory control professionals--and well-ordered stock rooms and records are just the beginning.
Beyond core tasks such as locating items, you've got to project future business needs, hold down costs, and fix supply chain problems. You need strategic and financial knowledge, and the skills to manage many moving parts.
Essentials of Inventory Management is the answer book that practitioners and students rely on. It breaks down the job into easy concepts and concrete steps. Examples, charts, review questions, formulas, and clear explanations help you:
Track inventory costs - Read balance sheets - Calculate gross profit - Set up a locator system - Weigh pros and cons of bar codes and RFID - Factor in replenishment costs - Decide when to get rid of dead stock - Pinpoint system dysfunctions - Mitigate risks in the supply chain - And much more.
New chapters in the third edition explain how to purchase inventory, pick the best location for a distribution center, and establish safety precautions for handling inventory.
Maintaining physical spaces and databases are only part of your responsibilities. From forecasting to troubleshooting to the fundamentals of finance, this book gives you the tools to optimize efficiency--and drive profits.
Synopsis
This essential guide provides the most thorough introduction to inventory management available--now thoroughly updated and expanded with timeless stock-keeping fundamentals for optimizing efficiency and driving profits.
Inventory management is about more than counting what you've got. It's about understanding business realities and making decisions that balance current demand with future needs--while keeping overhead and operating costs to a minimum.
This new edition of Essentials of Inventory Management 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.
Perfect for novice and veteran managers alike, this ultra-practical book covers topics such as:
- Forecasting and replenishment strategies
- Differences between retail and manufacturing inventories
- Materials requirements planning and just-in-time inventory systems
- Simple formulas for calculating quantities and schedules
- Management of inventory as a physical reality and a monetary value
- 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," this nontechnical yet thorough guide is perfect for both instructional and on-the-job use.
Synopsis
The invaluable resource?is the answer book that practitioners and students rely on. It breaks down the job into easy concepts and concrete steps.
The bar is set high for inventory control professionals--and well-ordered stock rooms and records are just the beginning. Beyond core tasks such as locating items, you've got to project future business needs, hold down costs, and fix supply chain problems. You need strategic and financial knowledge, and the skills to manage many moving parts.
With examples, charts, review questions, formulas, and clear explanations, Essentials of Inventory Management will help you:
- Track inventory costs
- Read balance sheets
- Calculate gross profit
- Set up a locator system
- Weigh pros and cons of bar codes and RFID
- Factor in replenishment costs
- Decide when to get rid of dead stock
- Pinpoint system dysfunctions
- Mitigate risks in the supply chain
Maintaining physical spaces and databases are only part of your responsibilities. From forecasting to troubleshooting to the fundamentals of finance, Essentials of Inventory Management gives you the tools to optimize efficiency--and drive profits.