Perfect for novice and veteran managers alike, this ultra-practical book covers topics such as: Forecasting and replenishment strategies * Differences between retail and manufacturing inventories * Materials requirements planning and just ...
Author: Max Muller
Inventory management is about more than counting what you've got. It's about understanding business realities and making decisions that balance current demand with future needs-while keeping overhead and operating costs to a minimum. Now in its Second Edition, Essentials of Inventory Management gives inventory professionals the information they need to maximize productivity in key areas, from physical stock issues to problem identification and resolution to technologies like RFID and other automated inventory mechanisms. Perfect for novice and veteran managers alike, this ultra-practical book covers topics such as: Forecasting and replenishment strategies * Differences between retail and manufacturing inventories * Materials requirements planning and just-in-time inventory systems * Simple formulas for calculating quantities and schedules * Management of inventory as a physical reality and a monetary value * Supply chain risk management Complete with detailed examples, handy tools, and a revised and expanded chapter analyzing "Why Inventory Systems Fail and How to Fix Them," this nontechnical yet thorough guide is perfect for both instructional and on-the-job use.
When I wrote the first and second editions of Essentials of Inventory Management, my objectives were to present, in accessible language supported by copious illustrations and examples, timeless inventory management concepts and ...
Author: Max Muller
Publisher: HarperCollins Leadership
Inventory management is about more than counting what you’ve got. It’s about understanding business realities and making decisions that balance current demand with future needs. Author Max Muller teaches readers how to do this while keeping overhead and operating costs at a minimum by maximizing productivity in key areas--from physical stock issues to problem identification and resolution to technologies like RFID and other automated inventory mechanisms. Novice and veteran managers alike will gain ultra-practical tips and tricks on topics including forecasting and replenishment strategies, retail vs manufacturing inventories, materials requirements planning, formulas for calculating quantities and schedules, and supply chain risk management. Complete with detailed examples, handy tools, and a revised and expanded chapter analyzing “Why Inventory Systems Fail and How to Fix Them,” the second edition of Essentials of Inventory Management is perfect for both instructional and on-the-job use. Inventory management is complex, but it can be simplified. With up-to-date insights to maximize productivity, identify and solve issues quickly, forecast and replenish, incorporate automation, and much more, this nontechnical yet thorough guide will teach you how to manage inventory as a physical reality--and maximize its monetary value.
This edition of the book deepens the reader's understanding of materials planning strategies and warehousing. This edition of the book is exceptional mainly for the new features that have been added by the author.
Author: Joseph Mensah
FOREWORD The global supply chain was severally hit by the Covid-19 in 2020. As a result, Institutions and organisations had to develop innovate in ways to be able to stay in business. This is where I believe knowledge meets opportunity in the mist of crisis. Dr. Joseph L. A. Mensah has made good use of his vast knowledge and understanding of supply chain management and operations by providing a framework for the study of materials planning methods in supply chains. This new book takes a comprehensive look at materials planning strategies and warehousing. In organisations, materials planning and warehousing form an important part of the supply chain. The book offers several theories, ideas, and concepts that are key to understanding supply chain within an organization. The book teaches about the roles and responsibilities within the supply chain and the rationale behind them along with the various planning strategies and tools available to ensure successful flow of inventory from the supplier to the end-user. This edition of the book deepens the reader's understanding of materials planning strategies and warehousing. This edition of the book is exceptional mainly for the new features that have been added by the author. These features I believe will help address the key global issues about supply chain management in organisations. Examples of the features are the total quality management within the supply chain (Chapter 7), forecasting in supply chain management (Chapter 9), e-supply chain (Chapter 12) and warehousing and safety (Chapter 14). The inclusion of these topics to this edition provides additional knowledge on the flow of information and materials throughout an organization how its external customers are affected. The author brilliantly interconnects these topics in a way that contributes effectively to the supply chain. The book is lengthier in this edition, and most of the content is totally new or rewritten with comprehensive examples and computer-based methods. Another useful feature is the 'questions and case studies". In this new feature, the book provides questions and realistic case studies at the end of each chapter as a way to strengthen the reader's understanding of the various major topics. The book is a useful tool for teaching and learning tool. It gives readers a complete grasp of inventory management and while assisting students and industry players to understand the techniques for ensuring good inventory maintenance. The content of this book can serve as a dependable approach for attaining successful stock management since all inventory techniques and warehouse setups that offer a suitable environment for inventory management are covered in this book. Everyone in supply chain management and operations needs a copy of this book as it offers quick responses and a workable approach to specific problem areas and provides sets of ideas from which a better understanding of the relevance and importance of these problem areas and decision-making techniques can be built. Apostle Professor Kwabena Agyapong-Koduah
Wanke, P. (2014) 'A conceptual framework for inventory management: focusing on lowconsumption items'. Production and Inventory Management Journal, 49(1), pp. 6–23. Books Donath, R., Mazel, J. and Dublin, C. (2002) The Ioma Handbook of ...
Author: Alex Hill
Publisher: Bloomsbury Publishing
The second edition of this innovative core textbook spans the service and manufacturing sectors, equipping readers to grasp and overcome the core challenges faced in planning, designing and implementing operations. The prestigious and well-respected author team takes a 'tasks and challenges' approach that marries theory to their extensive practical experience of running operations in high-profile business settings while reflecting their clear vision and personal philosophy of operations management. Packed with engaging learning features that truly bring the subject to life, the text provides a concise and real-world orientated look at the key parts of an operations manager's job. This textbook is an ideal course text for undergraduate, postgraduate and MBA students taking a module in operations management or manufacturing/services operations. New to this Edition: - New and greatly expanded coverage of the most relevant contemporary topics in OM, including corporate social responsibility and ethics, lean manufacturing, outsourcing vs. insourcing, and zero hour contracts - Over 30 new and updated cases from a wide range of international companies including Apple, Samsung and Uber - Increased focus on strategy with an expanded emphasis and new dedicated sections on improving operations that place OM firmly at the centre of organizational considerations
In this chapter we introduce the basic definitions and concepts of inventory management in a multi-echelon setting. We hereby focus on the content needed for our thesis, but also highlight other essentials of inventory management.
Author: Christopher Grob
Inventory Management in Multi-Echelon Networks presents methods to plan inventory in distribution networks. By holistically looking at the supply chain, it shows how safety stocks across all echelons can be optimized if inventory of all levels is taken into consideration. The gap between the existence of advanced inventory planning methods and their low penetration in the industry was the motivation for this book. Christopher Grob develops essential algorithms that companies can use for network inventory planning and highlights achievable implementation benefits. The work of the author was inspired by the needs of an after sales supply chain of a large automotive company. This company supplies customers all over the world with spare parts and operates a distribution network with more than 100 warehouses. This supply chain faces two particular challenges: demand is highly uncertain and customers expect a high service level. About the Author Christopher Grob works in after sales supply chain management at a major German automotive company. He is responsible for the functional development of inventory planning systems for the spare parts business. He is an expert in the field of inventory management.
Advanced Methods for Managing Inventory within Business Systems Geoff Relph, Catherine Milner ... is how the book is arranged: Chapter 1 Introduction to inventory management: This chapter looks at the essentials of inventory management.
Author: Geoff Relph
Publisher: Kogan Page Publishers
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.
Some kind of inventory control system is essential to carrying out the purchasing function effectively. For example, one must know how much of a given item is in stock at a given time in order to decide whether it is time to reorder.
Author: Dennis H. Tootelian
Publisher: Pharmaceutical Press
Essentials of Pharmacy Management is an accessible introduction to management in an increasingly business-oriented environment. It provides a jump-start to leadership roles and career advancement. This textbook provides pharmacy students with an understanding of business processes used, and how those processes impact their practice of pharmacy in providing patient care. The material provides those who aspire to become managers in healthcare organizations with a foundation of how to manage in an environment that is focused on "the business of healthcare." For pharmacists who prefer not to move into management positions, the book explains how and why business decisions are made relative to practice. Written in an easy-to-use and understandable form, the text is direct and to the point, focussing on the basics of good business practice. Special features include cases that allow students to apply what they have learned in the chapters to business situations within the context of various practice settings
Alexandria, VA: National Community Pharmacists Association; 2003: Chapter 17. 4. Tootelian DH, Gaedeke RM. Purchasing and inventory control. In: Tootelian DH, Gaedeke RM, eds. Essentials of Pharmacy Management. St. Louis, MO: Mosby; ...
Author: Marie A. Chisholm-Burns
Publisher: Jones & Bartlett Publishers
The Second Edition of the award-winning Pharmacy Management, Leadership, Marketing, and Finance has been updated to make this quality textbook an even more integral resource for your Pharmacy Management course. All previous chapters have been updated and multiple new chapters have been added including "Quality Improvement," "The Basics of Managing Risk," "Insurance Fundamentals," "Integrating Pharmacoeconomic Principles and Pharmacy Management," and "Developing and Evaluating Clinical Pharmacy Services." Chapters continue to be written in a concise and reader-friendly style, facilitating a deeper level of understanding of essential leadership and management concepts. The updated content has been designed with the next generation of pharmacists in mind and to prepare them using an integration of knowledge, skills, attitudes, and values. This includes new in-text features, such as the Management Challenge found at the end of each chapter, and online self-assessment questions and answers. With an easy-to-read and colorful new layout, engaging pedagogical features, and online tools and resources for both students and instructors, this new edition has everything needed to provide a complete and enriched learning experience. Instructor Resources Lesson Plans PowerPoint Presetnations Sample Syllabus Answers to End of Chapter Questions Case Studies Test Bank Student Companion Website includes: Self-Assessment Questions Interactive Glossary Crossword Puzzles Flashcards Web Links to additional learning materials