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Essentials of Inventory Management, 2nd Edition

Name: Essentials of Inventory Management, 2nd Edition
Author: Max MULLER
ISBN: 9780814416563

by Max MULLER

April 2011

Beginner

272 pages

4h 45m

English

AMACOM

Audiobook available

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Cover
Title
Copyright
Contents
Preface to the Second Edition
Chapter 1 Inventory as Both a Tangible and an Intangible Object
Inventory—Who Needs It?Inventory CostsThe Purpose of InventoryTypes of StockTracking the Paper LifeElectronic Data InterchangeRecapReview Questions
Chapter 2 Inventory as Money
Accounting for InventoriesHow Inventory Is ValuedInventory on the Balance SheetInventory on the Income StatementRatio Analyses and What they MeanCurrent RatioQuick Ratio or Acid TestInventory Turnover RatioProfit MarginsCalculating Gross ProfitMerchandising MetricsPricing GenerallySelling PriceObsolete StockWhy You Have Been Told Not to Dispose of Obsolete StockProblems with Convincing Decision Makers That “It’s Gotta Go”Arguments in Favor of Disposing of Dead StockMethods of DisposalCarrying Cost and PurchasingRecapReview Questions
Chapter 3 Physical Location and Control of Inventory
Common Locator SystemsMemory SystemsFixed Location SystemsZoning SystemsRandom Locator SystemsCombination SystemsCommon Item Placement TheoriesInventory StratificationFamily GroupingSpecial ConsiderationsLocation Addresses and SKU IdentifiersSignificanceKeys to Effectively Tying Together SKUs and Location AddressesRecapReview Questions
Chapter 4 Automatic Identification
The Basics of Bar CodingElements of a Bar Code SymbolStructure of a Generic Bar Code SymbolQuiet ZoneStart and Stop CharactersData Characters“X” DimensionSymbologies: Bar Coding Structural RulesDiscrete and Continuous SymbologiesSymbology SummaryPopular Symbologies Found in the Inventory WorldScanning BasicsPrinting BasicsBar Code Applicationsthe Basics of Radio-Frequency IdentificationRFID Tag Types and ClassesBar Code versus RFIDRFID Item IdentificationThe Advantages of RFIDThe Problems Associated with RFIDLack of RFID StandardsMoney, Money, MoneySystem Disruption VulnerabilityRFID Reader CollisionRFID Tag CollisionSecurity, Privacy, and Ethics Problems with RFIDRecapReview Questions
Chapter 5 Planning and Replenishment Concepts
Replenishment CostsTypes of Inventory ManagementIndependent Demand InventoryEconomic Order Quantity FormulaDependent Demand InventoryInventory ObjectivesEnterprise Resource PlanningRecapReview Questions

Chapter 6 Why Inventory Systems Fail and How to Fix Them
Inventory System Failure: A Case exampleDiscussion of Example CaseMetricsInventory Record AccuracyFill RatesTools with Which to Uncover System DysfunctionsRun ChartsFlow ChartsLogic ChartsVariance ReportsCycle CountingAnnual InventoriesCycle CountingCycle Count MethodologiesControl Group Cycle Counting MethodLocation Audit Cycle Counting MethodRandom Selection Cycle Counting MethodDiminishing Population Cycle Counting MethodProduct Categories Cycle Counting MethodA-B-C Analysis Cycle Counting MethodWhen to CountWho should CountRecapReview Questions
Chapter 7 Basics of Supply Chain Risk Management
SCM in a Perfect WorldPrimary Risks in SCMGlobalization and Supply Chain ComplexityConflicting InterestsSystem Fluctuations over TimeEvolving RelationshipsProduct ComplexityInadequacy of InsuranceSuppliersThe Bullwhip effectDisruption in CommunicationsInadequate softwareSuggested Solutions to SCM ProblemsAnalysis of RisksSupplier AssessmentLessen the Bullwhip Effect Through Coordination Within the Supply ChainContracts That Do and Don’t Coordinate the Supply ChainInventory LevelsRecapReview Questions
Bibliography
Index

Content preview from Essentials of Inventory Management, 2nd Edition

BIBLIOGRAPHY

Anderson, Barbara V. The Art and Science of Computer Assisted Ordering: Methods for Management. Westport, Conn.: Quorum Books, 1996.

Arnold, J. R. Tony, and Stephen N. Chapman. Introduction to Materials Management, 4th ed. Upper Saddle River, N.J.: Prentice Hall, 2001.

Bernard, Paul. Integrated Inventory Management. New York: John Wiley & Sons, 1999.

Bosman, Ruud, The New Supply Chain Challenge: Risk Management in a Global Economy. Johnson, RI: FM Global, 2006, retrieved July 15, 2010, from http://www.fmglobal.com/pdfs/ChainSupply.pdf.

Brooks, Roger B., and Larry W. Wilson. Inventory Record Accuracy: Unleashing the Power of Cycle Counting. New York: John Wiley & Sons, 1995.

Chopra, Sunil, and Meindl, Peter. Supply Chain Management: ...

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