Inventory Management: Advanced Methods for Managing Inventory within Business Systems

  • 3h 48m
  • Catherine Milner, Geoff Relph
  • Kogan Page
  • 2015

An organization’s inventory budget is a financial amount set by the group’s board members. The decisions of what inventory to have in stock, how much, where, and when, are details handled by the manager. This book, aimed at practitioners, supply chain managers, and operations and manufacturing professionals, provides a step-by-step approach on how to achieve the crucial link between the budget’s decisions and the detail level. The authors look beyond the theory and focus on the most important decisions managers need to make when managing inventories. Using case studies from various diverse industries, they examine how inventory management should work, how to control it, and how to balance it.

About the Authors

Geoff Relph is the Director of Inventory Matters Consultants and teaches in the Logistics and Operations Management Masters Degree program at the University of Warwick. He has worked in production control, MRP operations and inventory management at companies such as Rolls Royce Motors and IBM.

Catherine Milner is an engineer with experience working in aerospace, petrochemicals, and telecommunications, mainly in operational roles and an Associate Consultant with Inventory Matters Consultants. She has managed many successful projects on electronic data exchange with customers, forecasting, MRP, supply chain management, and business process re-engineering.

In this Book

  • Introduction
  • Introduction to Inventory Management
  • Business Systems and Business
  • The Complexity of Inventory Management within Business Systems
  • Traditional Thinking in Inventory Optimization
  • K-curve Methodology
  • The Practical Application of k-curve
  • Case Study Examples and What to Do Next
  • Useful Websites