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Best Practice in Inventory Management.

Author: Tony Wild
Publisher: London : Taylor and Francis, 2017.
Edition/Format:   eBook : Document : English : Third editionView all editions and formats
Summary:
"Best Practice in Inventory Management 3E offers a simple, entirely jargon-free and yet comprehensive introduction to key aspects of inventory management. Good management of inventory enables companies to improve their customer service, cash flow and profitability. This text outlines the basic techniques, how and where to apply them, and provides advice to ensure they work to provide the desired effect in practice.  Read more...
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Details

Genre/Form: Electronic books
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Tony Wild
ISBN: 9781315231532 1315231530
OCLC Number: 1007499746
Description: 1 online resource : text file, PDF
Contents: Cover --
Title --
Copyright --
Contents --
List of figures --
Preface --
Introduction --
1 The basis of inventory control --
1.A The role of inventory management --
1.B Objectives for inventory control --
1.C Profit through inventory management --
1.D Reasons for the current stock --
2 Customer service --
2.A Customer relations --
2.B Measuring availability --
2.C Demand management --
2.D Consuming forecast demand and supply lead time --
3 Shaping inventory --
3.A Using Pareto Analysis for control --
3.B ABC analysis --
3.C Stock cover 3.D Pareto stock balance4 Practical methods for reducing stockholding --
4.A Approach to inventory reduction --
4.B The reduction project --
4.C Obsolete and excess stock --
5 Management and control --
5.A Where stock control fits into the organisation --
5.B Responsibilities and targets --
5.C Skills and systems --
5.D Inventory valuation --
6 Lean supply --
6.A Lean supply philosophy --
6.B Lean principles --
6.C Implementing lean --
6.D Operational benefits of lean supply --
6.E Developing lean operations --
7 Safety stocks 7.A Learning from history7.B Normal demand patterns --
7.C Evaluating safety stocks --
8 Setting the right stock levels --
8.A Simple assessment of review levels --
8.B Managing lead times --
8.C Supplier delivery frequency effects --
8.D Target stock levels --
9 Procurement --
9.A The role of supply chain procurement --
9.B The purchasing environment --
9.C Single sourcing --
9.D Supply partnerships --
9.E Vendor appraisal --
9.F Pricing methods --
10 Delivery quantities --
10.A Supply and suppliers --
10.B Organising repetitive supply 10.C Order types10.D Order quantities --
10.E Delivery quantities --
10.F Scheduling supply --
10.G Supply co-ordination --
10.H Purchasing processes --
11 Forecasting demand --
11.A Options for assessing demand --
11.B Causes of forecasting inaccuracy --
11.C Methods of improving forecasting --
12 Historical forecasting techniques --
12.A Basic forecasting techniques --
12.B Moving average --
12.C Exponentially weighted averages --
12.D Improved values for mean absolute deviation --
12.E Choosing the best forecast â#x80;#x93; focus forecasting 13 Improved forecasting methods13.A More forecasting tools --
13.B Forecasting for seasonal sales --
14 Dependent demand --
14.A Avoiding uncertainty --
14.B Material requirements planning --
14.C Master planning --
14.D Master scheduling --
15 Supply chain inventory management --
15.A The basis of the lean supply chain --
15.B Co-ordination --
15.C Supply chain operations --
15.D Replenishment techniques --
15.E Managing distribution --
15.F Recycling and reverse logistics --
16 Meeting the challenges --
16.A Review --
16.B Collaboration

Abstract:

"Best Practice in Inventory Management 3E offers a simple, entirely jargon-free and yet comprehensive introduction to key aspects of inventory management. Good management of inventory enables companies to improve their customer service, cash flow and profitability. This text outlines the basic techniques, how and where to apply them, and provides advice to ensure they work to provide the desired effect in practice. With an unrivalled balance between qualitative and quantitative aspects of inventory control, experienced consultant Tony Wild portrays the many ways in which stock management is more nuanced than simple "number crunching" and mathematical modelling. This long-awaited new edition has been substantially and thoroughly updated. The product of decades of experience and expertise in the field, Best Practice in Inventory Management 3E provides students and professionals, even those with no prior experience in the area, an unbiased and honest picture of what it takes to effectively manage stocks in a firm."--Provided by publisher.

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