Hands-On Inventory Management

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CRC Press, Dec 13, 2007 - Business & Economics - 128 pages
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Better inventory management translates directly into better cash flow for businesses. However, in order to successfully manage inventory, businesses must strike a balance between customer demand and the amount of inventory they keep. Hands-On Inventory Management demonstrates principles key to developing an inventory management process, which will meet customer needs while keeping inventory costs at a level reasonable enough to produce a profit.

The text explains basic inventory principles, calculations, and techniques using real-world examples. Different operational situations require different inventory planning and replenishment approaches; hence, this book emphasizes the prerequisites needed for success in a number of different industries. These prerequisites include top management support, a clear definition of responsibilities and alignment of goals throughout the company, as well as uncomplicated item identification. The author stresses the importance of accurate recordkeeping and delineates the most common causes of inaccurate records. He provides solutions to mitigate these causes and demonstrates how businesses can develop and administer a cycle counting program that will lead to a more well-managed physical inventory.

Using a building-block approach, Hands-On Inventory Management gives a clear view of what steps must be taken to strike a profitable balance between customer demand and inventory.

 

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Contents

Chapter 1 Introduction
1
Chapter 2 Operational Environments
11
Chapter 3 Types of Inventory
15
Chapter 4 Inventory Transactions
35
Chapter 5 Inventory Record Accuracy
41
Chapter 6 Cycle Counting and Physical Inventory
49
Chapter 7 Inventory Planning and Replenishment
55
Chapter 8 Storage and Physical Control
79
Chapter 9 SupplyChain Management
87
Chapter 10 Lean Principles and Continuous Improvement
93
Further Reading
99
Index
101
Back cover
111
Copyright

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