Essentials of Inventory Management - Softcover

Softcover

ISBN 10: 0814417213 ISBN 13: 9780814417218

Synopsis

Most inventory professionals would gladly trade all the ""latest thinking"" books for a guide they could use to do their jobs better right now. Essentials of Inventory Management! presents ready-to-use information in key areas from physical control and layout to problem identification and resolution. Concentrating on daily-use inventory concepts, this practical workplace companion specifically addresses: * Forecasting and replenishment strategies * Differences between finished-goods (retail) inventories and materials or work-in-process (manufacturing) inventories. * Materials requirements planning (MRP) and just-in-time (JIT) inventory systems * Managing inventory as both a physical object and a monetary value * Applying simple formulas to calculating quantities * Analyzing and remedying dysfunction Plus, the book covers theft prevention, legal obligations, and the managment of natural, technological, and incited emergencies. In all, it's the most thorough introduction available to the inventory management profession.

About this title

From the Back Cover

Inventory management involves a lot more than just counting what you've got. Now in a thoroughly updated and expanded second edition, Essentials of Inventory Management 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 database object - Supply chain risk management.

Perfect for novice and veteran managers alike, this ultra-practical book provides you with the up-to-date and ready-to-use information you need to maximize productivity in key areas from physical control and layout to problem identification and resolution.

Complete with detailed examples, handy tools, and a revised and expanded chapter analyzing "Why Inventory Systems Fail and How to Fix Them," the book familiarizes you with hard-core, timeless stock-keeping fundamentals that will allow you to keep your operation running smoothly and efficiently. Addressing all items both in their tangible form ("shelf count") and intangible forms ("record count" and monetary worth), the book arms you with down-to-earth information on automated inventory identification systems, methods for analyzing and remedying dysfunctions, and the nature and scope of possible conflicts created by reducing "waste" within a supply chain.

Along with detailed explanations of multiple cycle counting methodologies and financial statement insights for the nonfinancial manager, the book provides and explains the basic formulas that will allow you to compute breakeven points, profit margins, markups and markdowns, as well as selling price and margin percentages. You'll learn how to employ basic problem-solving techniques toward issue resolution, control the physical location of inventory in a more efficient manner, select the cycle counting inventory method that is right for you, and appreciate the fundamental differences between finished goods inventories in the retail/distribution sectors and raw materials and work-in-process inventories found in the manufacturing environment.

Getting past the theory and into the daily, practical techniques and strategies that will enable you to do a better job managing your inventory, Essentials of Inventory Management remains the go-to guide for all inventory management professionals.

About the Author

Max Muller (Overland Park, KS) has been an executive for a wide range of product distributors. His seminars throughout the United States, Canada, and the United Kingdom have drawn more than 100,000 attendees. His books include The Manager's Guide to HR (978-0-8144-1076-9).

Edition details

• ISBN 10: 0814417213
• ISBN 13: 9780814417218
• Binding: Paperback
• Language: English