Best Practice in Inventory Management, Second Edition
- 4h 12m
- Tony Wild
- Taylor and Francis
- 2002
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.
About the Author
Tony Wild BSc, MSc, PhD, MIOM, is a specialist in logistics and materials management. He has been closely associated with the development of logistics supply chains for many high-technology companies. Dr. Wild is Managing Director of Midas Consultants and has had a long association with the Institute of Operations Management (formerly BPICS) acting as council member, treasurer, and branch president.
In this Book
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The Basis of Inventory Control
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Customer Service
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Managing the Inventory
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Just-in-Time Management
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Organization and Management
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Safety Stocks
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Setting the Right Stock Levels
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The Changing Role of Purchasing
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Forecasting Demand
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Historical Forecasting Techniques
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Advanced Forecasting Methods
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Material Requirements Planning - An Alternative to Forecasting
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The Future - Inventory and Logistics
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Questions and Answers
