Best Practice in Inventory Management (Oliver Wight Companies)

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9780471253419: Best Practice in Inventory Management (Oliver Wight Companies)

Covering both the principles and practices of inventory control, this book delivers real solutions for managers seeking to lower inventory costs, improve customer service, and increase productivity & performance. It offers a clear explanation of the principles of inventory control with emphasis placed on customer service, forecasting, and purchasing.

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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.

About the Author:

Tony Wild has spend a great deal of time solving real inventory issues for businesses in a variety of industries from aerospace to retail consumables, automotive to process chemicals. The result of this work has led Tony to produce and refine this book so that others can avoid some of the pitfalls. From an academic start (B.Sc, M.Sc. Ph D), and a manufacturing and warehousing career in production control and materials management, Tony has specialised in this challenging field. He is Managing Director of Midas Consultants, who are leading experts in inventory management.

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Wild, Tony; Wild, Mike
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Book Description Prentice Hall, 2000. Book Condition: New. Brand New, Unread Copy in Perfect Condition. A+ Customer Service! Summary: The Basis of Inventory Control. Customer Service. Managing the Inventory. Just in Time Management. Organisation and Management. Safety Stocks. Setting the Right Stock Levels. The Changing Role of Purchasing. Forecasting Demand. Historical Forecasting Techniques. Advanced Forecasting Methods. Material Requirements Planning-An Alternative to Forecasting. The Future-Inventory and Logistics. Appendix. Index. Bookseller Inventory # ABE_book_new_0471253413

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Book Description John Wiley and Sons Ltd, United States, 1998. Hardback. Book Condition: New. 231 x 152 mm. Language: English . Brand New Book ***** Print on Demand *****.Best Practice in Inventory Management gives you 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. Bookseller Inventory # APC9780471253419

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Book Description John Wiley and Sons Ltd, United States, 1998. Hardback. Book Condition: New. 231 x 152 mm. Language: English . Brand New Book ***** Print on Demand *****. Best Practice in Inventory Management gives you 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. Bookseller Inventory # APC9780471253419

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