Essentials of Inventory Management
Timeless stock keeping fundamentals meet up to the minute technologies to optimize efficiency and drive profits! Inventory management is about more than counting what youve got. Its 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 thorough guide is perfect for both instructional and on the job use.
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Chapter 2 Inventory as Money
Chapter 3 Physical Location and Control of Inventory
Chapter 4 Automatic Identification
Chapter 5 Planning and Replenishment Concepts
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actually Alana allow amount approach assets average backflush bar code basic bullwhip effect Buyer calculate Carmen carrying costs Chapter chart Code 39 Column F company’s concepts create current ratio cycle counting dead stock delivery demand determine dollar Enterprise Resource Planning Event example Exhibit facility Factor FIFO formulae gross profit margin identify impact inventory control inventory levels item’s lean manufacturing LIFO manufacturing Markdown number of items operating order fillers organization organization’s percent physical pick ticket problem purchase orders quick ratio Radio-Frequency Identification random locator systems raw materials record count retailer RFID tags right item right quantity row of Column safety stock scanner selling price shelf count SKU’s sold space specific stockkeeper stockroom subassemblies suppliers supply chain risks symbology track unit Universal Product Code updated usage rate warehouse weeks widgets