Inventory Management for Competitive Advantage

Inventory Management for Competitive Advantage
Author: Keith Jones
Publisher: Routledge
Total Pages: 266
Release: 2020-03-02
Genre: Business & Economics
ISBN: 1000037843

Smart, strategic inventory management delivers competitive advantage, yet Inventory Turn trends suggest that little seems to change. Sustainable improvement through increasing control of systems and processes generates savings that can, in turn, be invested in growth initiatives. Inventory is not something that just concerns planning, production and finance. By working to better understand and control their inventory-related processes, everyone can drive improvements that will harness inventory’s potential to become a source of sustainable competitive advantage. Unlike other guides to inventory management, this book is not only aimed at planners or inventory managers, but details the impact, both direct and indirect, that all functions have on inventory. It is rich in practical tools that can be clearly implemented, including a detailed purchasing strategy and guide to error management. It is also rich in best-practice cases that further show how to implement these methodologies in a real-world context. This book is essential reading for any manager or executive looking to boost their organisation’s competitive advantage, as well as students of inventory management, production and operations management.

Handbook of Research on Innovation and Development of E-Commerce and E-Business in ASEAN

Handbook of Research on Innovation and Development of E-Commerce and E-Business in ASEAN
Author: Almunawar, Mohammad Nabil
Publisher: IGI Global
Total Pages: 883
Release: 2020-08-28
Genre: Business & Economics
ISBN: 1799849856

Business-to-consumer (B2C) and consumer-to-consumer (C2C) e-commerce transactions, including social commerce, are rapidly expanding, although e-commerce is still small when compared to traditional business transactions. As the familiarity of making purchases using smart devices continues to expand, many global and regional investors hope to target the ASEAN region to tap into the rising digital market in this region. The Handbook of Research on Innovation and Development of E-Commerce and E-Business in ASEAN is an essential reference source that discusses economics, marketing strategies, and mobile payment systems, as well as digital marketplaces, communication technologies, and social technologies utilized for business purposes. Featuring research on topics such as business culture, mobile technology, and consumer satisfaction, this book is ideally designed for policymakers, financial managers, business professionals, academicians, students, and researchers.

Fundamentals of Supply Chain Management

Fundamentals of Supply Chain Management
Author: John T. Mentzer
Publisher: SAGE
Total Pages: 305
Release: 2004-05-05
Genre: Business & Economics
ISBN: 1452236941

"This book is an insightful, well-balanced, stimulating SCM Strategy book that clearly tells managers, consultants, as well as educators that the SCM concept is not a fad but a must strategy to gain competitive advantage in today′s dynamic global market place. There are three major strengths. First, it is an unprecedented interdisciplinary SCM strategy book that explains how companies obtain, maintain, and even enhance competitive advantages based upon a well-laid SCM strategy. Second, it provides readers a unique, well-balanced framework for SCM strategy formulation. Third, it is a valuable contribution in the area of SCM in that it does a good job in explaining such a complicated SCM strategy to readers in such a simple manner." —Soonhong (Hong) Min, University of Oklahoma Author of the bestselling text Supply Chain Management, John T. Mentzer′s companion book Fundamentals of Supply Chain Management: Twelve Drivers of Competitive Advantage has been developed as a supplemental text for any course dealing with strategy and supply chains. Written in an entertaining, accessible style, Mentzer identifies twelve drivers of competitive advantage as clear strategic points managers can use in their companies. Research from more than 400 books, articles, and papers, as well as interviews with over fifty executives in major global companies, inform these twelve drivers. The roles of all of the traditional business functions—marketing, sales, logistics, information systems, finance, customer services, and management—in supply chain management are also addressed. Complete with cases and real-world examples from corporations around the world, the book′s exemplars will help students and practicing managers to more effectively understand, implement, and manage supply chains successfully.

The Definitive Guide to Inventory Management

The Definitive Guide to Inventory Management
Author: Matthew A. Waller
Publisher: Pearson Education
Total Pages: 208
Release: 2014
Genre: Business & Economics
ISBN: 0133448827

Inventory management is a critical component of supply chain management, addressing how much inventory should be carried across the supply chain, where to carry it, and how much safety stock is required to meet the organization's cost and customer service objectives. 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 gives students and practitioners a thorough understanding of each leading approach to managing supply chain inventories, and the variables that drive decisions about inventory levels. It discusses the fundamental need for inventory, how product value affects inventory decisions, how to determine inventory levels, how the number of inventory locations affects inventory levels, and new approaches to reducing inventory. Coverage includes: Basic inventory management goals, roles, concepts, purposes, and terminology, including periodic inventory, perpetual inventory, safety stock, cycle count, ABC analysis, carrying and stockout costs, and more Key inventory management elements, processes, and interactions Principles/strategies for establishing efficient and effective inventory flows The critical role of technology in inventory planning and management New approaches to reducing inventory including postponement, vendor-managed inventories, cross-docking, and quick response systems Understanding essential trade-offs between inventory and transportation costs, including the impact of carrying costs Requirements and challenges of global inventory management Best practices for assessing inventory management performance using standard metrics and frameworks

Best Practice in Inventory Management

Best Practice in Inventory Management
Author: Tony Wild
Publisher: Routledge
Total Pages: 389
Release: 2017-11-02
Genre: Business & Economics
ISBN: 135186534X

Best Practice in Inventory Management 3E offers a simple, entirely jargon-free and yet comprehensive introduction to key aspects of inventory management. Good management of inventory enables companies to improve their customer service, cash flow and profitability. This text outlines the basic techniques, how and where to apply them, and provides advice to ensure they work to provide the desired effect in practice. With an unrivalled balance between qualitative and quantitative aspects of inventory control, experienced consultant Tony Wild portrays the many ways in which stock management is more nuanced than simple "number crunching" and mathematical modelling. This long-awaited new edition has been substantially and thoroughly updated. The product of decades of experience and expertise in the field, Best Practice in Inventory Management 3E provides students and professionals, even those with no prior experience in the area, an unbiased and honest picture of what it takes to effectively manage stocks in a firm.

Advanced Supply Chain Management

Advanced Supply Chain Management
Author: Charles C. Poirier
Publisher: Berrett-Koehler Publishers
Total Pages: 252
Release: 1999-02-12
Genre: Business & Economics
ISBN: 9781576750520

"Supply Chain Management" refers to the means by which firms engaged in creating, distributing, and selling products can join forces to establish a supply network with an increased competitive advantage. Companies all over the world are pursuing supply chain as the latest methodology to reduce costs, increase customer satisfaction, better utilize assets, and build new revenues. This book illustrates four levels of evolution, from the beginning stages to the most advanced techniques and processes. Each level is described so a firm can calibrate itself and determine what work remains to be done. A model for building the most advanced stages is also shown. The text also features examples and case studies, with information on the means to develop a communication Intranet, Internet, and privileged Extranet with selected suppliers and customers.

Introduction to Business

Introduction to Business
Author: Lawrence J. Gitman
Publisher:
Total Pages: 1455
Release: 2024-09-16
Genre: Business & Economics
ISBN:

Introduction to Business covers the scope and sequence of most introductory business courses. The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. The outcome is a balanced approach to the theory and application of business concepts, with attention to the knowledge and skills necessary for student success in this course and beyond. This is an adaptation of Introduction to Business by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better ebook reading experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License.

Author:
Publisher: Smocot Ionut Mihai
Total Pages: 75
Release:
Genre:
ISBN:

Inventory Management in Textile and Apparel Merchandising

Inventory Management in Textile and Apparel Merchandising
Author: Eyob Minbale
Publisher: GRIN Verlag
Total Pages: 66
Release: 2020-09-02
Genre: Business & Economics
ISBN: 3346239497

Bachelor Thesis from the year 2020 in the subject Business economics - Business Management, Corporate Governance, Bahir Dar University (Ethiopian Institute of Textile and Fashion Technology), language: English, abstract: This study aimed to analyze loss due to poor or improper inventory management in the Bahir Dar Textile Share Company (BDTSC). The study sought to find the inventory management techniques used by the spinning section at BDTSC established the level of effectiveness of inventory management. It also determined the strength and weakness of the company, inventories the control system used, the police and procedure used, assessing the general material handling strategy in BDTSC at spinning section, the role of kaizen in the organization and the coordination of one department to the other in the organization. The study adopted both a statistically and descriptive research design. The target population was store department, production department, kaizen case team department, planning, and programming department, marketing and selling department, cost and budgeting department, and purchase department.

Global Business Expansion: Concepts, Methodologies, Tools, and Applications

Global Business Expansion: Concepts, Methodologies, Tools, and Applications
Author: Management Association, Information Resources
Publisher: IGI Global
Total Pages: 1792
Release: 2018-04-06
Genre: Business & Economics
ISBN: 1522554823

As businesses seek to compete on a global stage, they must be constantly aware of pressures from all levels: regional, local, and worldwide. The organizations that can best build advantages in diverse environments achieve the greatest success. Global Business Expansion: Concepts, Methodologies, Tools, and Applications is a comprehensive reference source for the latest scholarly material on the emergence of new ideas and opportunities in various markets and provides organizational leaders with the tools they need to be successful. Highlighting a range of pertinent topics such as market entry strategies, transnational organizations, and competitive advantage, this multi-volume book is ideally designed for researchers, scholars, business executives and professionals, and graduate-level business students.