Effective inventory management can increase revenue, reduce costs, and improve cash flows. Endorsed by Institute of Operations Management and CILT, Inventory Management shows managers how to take control of their inventory system and ensure operations run smoothly.
Looking beyond the complexity and theory of inventory management, Geoff Relph and Catherine Milner focus on the most important decisions managers need to make when managing inventory. They examine how inventory management should work, how to control it, and how to balance it, through their use of revolutionary k-curve methodology. They include case studies from various industries, looking at inventory management in diverse areas such as supermarkets and aerospace. Online resources include an appendix of figures, a chapter breakdown of figures and a bonus chapter about the supporting materials.
Inventory Management: Advanced Methods for Managing Inventory within Business Systems | Geoff Relph (Author), Catherine Milner (Author) | Kogan Page
Features:
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.
• Provides a step-by-step approach on how to achieve the critical linkage between the business budget decisions and the detail level
• Examines how inventory management should work and how to control and balance it
• Focuses on KPIs that have been proven to significantly improve performance
• Looks at the revolutionary k-curve methodology that has transformed business performance
• Online resources: Appendix of figures, chapter breakdown of figures, and a bonus chapter about the supporting materials
Inventory Management: Advanced Methods for Managing Inventory within Business Systems
Table of Contents
Chapter 1: Introduction to Inventory Management
Chapter 2: Introduction to Business Systems
Chapter 3: The Complexity of Inventory Management in Business Systems - What is the Problem?
Chapter 4: Traditional Thinking in Inventory Optimization
Chapter 5: K-Curve Methodology
Chapter 6: Why KCM is Relevant in Today's Operations Environment
Chapter 7: The Practical Application of K-Curve
Chapter 8: Case Study Examples and What to do Next