Inventory management is one of the most important and complicated subject in supply chain management, as management of inventory takes into consideration both external customers in both the upstream and the downstream, and the internal customer. The ability to get inventory right provides a lot of advantages to supply chain managers as that foster the growth of the organization in terms of sales, liquidity of the organization, and increase in organizational Investment. Many at time management loses foresight on the activities of the planning of inventory which may result in losses to the organization. These losses may be in the form of loss of sales due to stockout, tying up of capital due to excessive inventory, obsolescence due to excessive stocking, pilfering, and damage of stock. Inventory managers can only be effective if planning of inventory is properly carried out, which requires adequate training both theory and on the job training. Many organization often do not account the cost of lost sales, which is as a result of stockout and very important for future planning. The need to account for this is very important as this will help organization to improve it future inventory plan.
To be in the position to manage inventory properly requires the understanding of all factors that affect the inventory, from the supply through the organization to the final consumer, with a reverse logistics back to the supplier. This loop is very important as management of inventory must make sure that all issues of the final consumer is resolved in a timely manner. The loss of track on consumer’s grievances set the organization in the steep slope that may result in the sudden loss of market share. There is the need to consider inventory planning as a key activities to organizational success.
Organization will not be in the position to properly plan inventory if the warehouse setting and storage system are bad. This requires that the activities of the warehouse be seen as equally important so as to augment the activities of the supply chain. Planning a proper storage system is so important that it reduces most of the holding, and handling cost. Safety of personnel in the warehouse should not be compromise as staff in the warehouse are constantly expose to hazards such as fall from height, being pinned by forklift, and other occupational injury and death. The need to understand planning safety procedures in the warehouse in addition to knowledge of proper stock control is very essential for good warehousing. This book take a detail look into all issues concerning inventory management processes and warehousing so as to achieve a comprehensive training and planning tools for both students and practitioners.

MATERIALS PLANNING STRATEGIES AND WAREHOUSING 2nd Edition: Inventory Management Kindle Edition | Dr. Joseph L. A. Mensah (Author) | Kindle Edition

Table of Contents
Chapter 1: Introduction to Inventory Management
Chapter 2: The types of Inventory
Chapter 3: The Role of Inventory in In the Competitive Strategy and Planning
Chapter 4: Understand the concepts of cost associated with Stock holding and Pricing
Chapter 5: Product life cycle implications to Supply chain and Inventory Management
Chapter 6: The efficient and effective Management of Inventory Data integrity
Chapter 7: Managing Inventory in Echelon Networks
Chapter 8: Forecasting and Inventory Management
Chapter 9: Inventory Management Strategies
Chapter 10: Warehousing Management
Chapter 11: Warehousing and Safety