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.

Now in its Second Edition, 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 throrough guide is perfect for both instructional and on-the-job use.

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).

"About this title" may belong to another edition of this title.

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