Essentials of Inventory Management, Third Edition
- 4h 7m
- Max Muller
- HarperCollins Leadership
The bar is set high for inventory control professionals—and well-ordered stock rooms and records are just the beginning.
Beyond core tasks such as locating items, you’ve got to project future business needs, hold down costs, and fix supply chain problems. You need strategic and financial knowledge, and the skills to manage many moving parts.
Essentials of Inventory Management is the answer book that practitioners and students rely on. It breaks down the job into easy concepts and concrete steps. Examples, charts, review questions, formulas, and clear explanations help you:
Track inventory costs • Read balance sheets • Calculate gross profit • Set up a locator system • Weigh pros and cons of bar codes and RFID • Factor in replenishment costs • Decide when to get rid of dead stock • Pinpoint system dysfunctions • Mitigate risks in the supply chain • And much more.
New chapters in the third edition explain how to purchase inventory, pick the best location for a distribution center, and establish safety precautions for handling inventory.
Maintaining physical spaces and databases are only part of your responsibilities. From forecasting to troubleshooting to the fundamentals of finance, this book gives you the tools to optimize efficiency—and drive profits.
In this Book
Inventory as both a Tangible and an Intangible Object
Inventory as Money
Physical Location and Control of Inventory
Planning and Replenishment Concepts
Why Inventory Systems Fail and How to Fix Them
Core Purchasing Inventory Considerations
Basics of Supply Chain Risk Management
Handling Inventory Safely