Download PDF Best Practice in Inventory Management, by Tony Wild
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Best Practice in Inventory Management, by Tony Wild
Download PDF Best Practice in Inventory Management, by Tony Wild
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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.
- Sales Rank: #1797468 in Books
- Brand: Tony Wild
- Published on: 1998-03-16
- Original language: English
- Number of items: 1
- Dimensions: 9.39" h x .74" w x 6.30" l, 1.11 pounds
- Binding: Hardcover
- 240 pages
Features
- Best Practice in Inventory Management
From the Publisher
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.
From the Inside Flap
"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.
From the Back Cover
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.
Most helpful customer reviews
0 of 0 people found the following review helpful.
Deals on inventory Management
By Mandar Mukherjee
This book is useful in gaining a basic knowledge in inventory management. I feel this book should be read and understood fully so as to appreciate the other books on the subject which require a basic knowledge of inventory management practices to be appreciated properly.
0 of 0 people found the following review helpful.
Five Stars
By Michael D.
good book have been able to use & apply some of its contents to my current job
17 of 17 people found the following review helpful.
Stock problems? Look no further....
By Mr. A. Pickering
If you work in stock control, sales, purchasing, or production planning and really do not have a clue where to start in order to maximise the profitability of your inventory (both raw materials and finished goods), then there is no better place to start than with this book. It gives much practical advice that is easy to implement in real business life and emphasises the genuine cost savings and improved cashflow that can be gained.
What I like most about the boook is its structure - it starts with the basics (why inventory control is important financially), and takes you through basic forecasting methods to more advanced levels (e.g. double exponential smoothing). You can implement most of the advice in Excel or similar spreadsheet. I am no mathematician and I must admit I found some of the formulas difficult to understand at first, but please do not be put off - perserverence will pay dividends and you will see this perseverence hit the bottom line!
See all 7 customer reviews...
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