Book description
Master and apply both the technical and behavioral skills you need to succeed in any inventory management role or function! Now, there’s an authoritative and comprehensive guide to best-practice inventory management in any organization. Authored by world-class experts in collaboration with the Council of Supply Chain Management Professionals (CSCMP), this text illuminates planning, organizing, controlling, directing, motivating and coordinating all the activities used to efficiently control product flow. The Definitive Guide to Inventory Management covers long-term strategic decisions; mid-term tactical decisions; and even short-term operational decisions. Topics discussed include:
Basic inventory management goals, roles, concepts, purposes, and terminology
Key inventory management elements, processes, and interactions
Principles/strategies for establishing efficient and effective inventory flows
Using technology in inventory planning and management
New approaches to inventory reduction: postponement, vendor-managed inventories, cross-docking, and quick response systems
Trade-offs between inventory and transportation costs, including carrying costs
Requirements and challenges of global inventory management
Best practices, metrics, and frameworks for assessing inventory management performance
Table of contents
- About This eBook
- Title Page
- Copyright Page
- Dedication Page
- Contents
- Acknowledgments
- About the Authors
- 1. Introduction to Inventory
- 2. Inventory Management Fundamentals
- 3. Inventory Control
- 4. The Link Between Inventory Management and Forecasting
- 5. Discrete Event Simulation of Inventory Processes
-
6. Additional Inventory Management Processes and Concepts
- Multi-Item Inventory Management
- Multi-Echelon Inventory Management
- The Newsvendor Model
- Censored Distributions
- ABC Inventory Classification
- Material Requirements Planning
- Distribution Requirements Planning
- Aggregate Inventory Control: Inventory Throughput Functions
- Storage of Inventory
- Inventory Record Management
- Implementation Challenges and Challenging the Incumbent Process
- Endnotes
-
7. Managing Supply Chain Inventory Flows
- Component Risk Pooling
- Bullwhip
- Inventory Postponement
- Merge-in-Transit
- Vendor Managed Inventory
- Consignment
- Reverse Consignment
- Collaborative Planning, Forecasting, and Replenishment
- Push Versus Pull
- Channel Separation
- Inventory Placement Optimization
- The Global Supply Chain Impact
- Retail and Consumer Products Inventory Management
- Endnotes
- 8. Inventory Performance Measurement
- Index
Product information
- Title: The Definitive Guide to Inventory Management: Principles and Strategies for the Efficient Flow of Inventory across the Supply Chain
- Author(s):
- Release date: April 2014
- Publisher(s): Pearson FT Press
- ISBN: 9780133448856
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