Inventory Management Essentials Handbook

Inventory Management Essentials Handbook
Author: Joseph Lanton Adjei Mensah McIps
Publisher: Independently Published
Total Pages: 0
Release: 2024-02-15
Genre: Business & Economics
ISBN:

This book provides an in-depth understanding of inventory management by considering the various developments during industrial revolutions. As the current industrial revolution strives to reach industrial 5.0, there have been many approaches to improving inventory management. With the world's advancement in technology, which is gradually leading to the introduction of artificial intelligent (AI) all phase of life, requires that inventory manager understands the broad concept of the industrial revolution and their implication on inventory management: This requires a broad understanding of the Internet of Things (IoT), bitcoin, the concept of blockchain, and their impact on future management. In managing inventory, the understanding of quality is fundamental as this helps personnel within the circles of inventory management to appreciate the need to apply simple quality management principles such as Kaizen, Six Sigma, and Total Quality Management. The book simplifies these approaches by combining these approaches to make them easy to apply in the real world on inventory management, and for that matter, supply chain. The bullwhip phenomenon and its impact on inventory, resulting in poor supply chain performance, is well explained, emphasizing on how to resolve this effect. The focus of this book is to improve the planning capabilities of supply chain managers in inventory management, in order to improve their ability to deal with supply chain risk.

Essentials of Inventory Management

Essentials of Inventory Management
Author: Max Muller
Publisher: AMACOM Div American Mgmt Assn
Total Pages: 272
Release: 2011
Genre: Business & Economics
ISBN: 0814416551

Does inventory management sometimes feel like a waste of time? Learn how to maximize your inventory management process to use it as a tool for making important business decisions.

Inventory Management Essentials Handbook: a Comprehensive Understanding of the Role of Inventory in Managing Supply Chain Risk

Inventory Management Essentials Handbook: a Comprehensive Understanding of the Role of Inventory in Managing Supply Chain Risk
Author: Joseph Mensah
Publisher:
Total Pages: 401
Release: 2021-09-13
Genre:
ISBN:

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

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

The Warehouse Management Handbook

The Warehouse Management Handbook
Author: Jerry D. Smith
Publisher: Tompkins Press
Total Pages: 1014
Release: 1998
Genre: Business & Economics
ISBN: 9780965865913

In addition, the book explains how to solve a wide range of typical problems, exploit the potential of information systems, reduce damage and loss, and improve warehouse safety.

Inventory Management

Inventory Management
Author: Steven M. Bragg
Publisher:
Total Pages: 243
Release: 2018-05
Genre: Inventories
ISBN: 9781642210064

Inventory is expensive and difficult to manage, and yet is an essential requirement for providing great service to customers. Inventory Management provides the tools to retain enough inventory to assure high levels of customer service, while avoiding excessive inventory levels that can absorb cash and generate losses. Topics covered include inventory policies, materials planning, purchasing and the supply chain, receiving, storage, shipping, production activities, record accuracy, warehousing efficiencies, measurements, and much more. This book covers a mix of classic and advanced management techniques to help the user maintain firm control over the mix and amount of inventory kept on hand.

Production and Inventory Control

Production and Inventory Control
Author: George W. Plossl
Publisher: Englewood Cliffs, N.J. : Prentice-Hall
Total Pages: 458
Release: 1967
Genre: Business & Economics
ISBN:

Management textbook on production planning and input output control, with particular reference to practices in the USA - covers forecasting, supply and demand factors, costs, the time factor, operational research and the use of EDP therein, etc., and includes a number of case studies and bibliographys.

Research Handbook on Inventory Management

Research Handbook on Inventory Management
Author: Jing-Sheng J. Song
Publisher: Edward Elgar Publishing
Total Pages: 0
Release: 2023-08-15
Genre:
ISBN: 9781800377097

This comprehensive Handbook provides an overview of state-of-the-art research on quantitative models for inventory management. Despite over half a century's progress, inventory management remains a challenge, as evidenced by the recent Covid-19 pandemic. With an expanse of world-renowned inventory scholars from major international research universities, this Handbook explores key areas including mathematical modelling, the interplay of inventory decisions and other business decisions and the unique challenges posed to multiple industries. Organized into three distinct sections, chapters summarize the key developments in quantitative inventory research over the past two decades. Mapping out the fundamental theories and methodologies of inventory management, the Handbook examines interfaces and explores interdisciplinary topics in response to technological advancement and globalization. It concludes with an analysis of context-specific models, discussing tailored modelling and analytical solutions of inventory systems in the fast-changing industries of healthcare, spare parts logistics, retailing, and online retailing. An important reference tool, this Handbook will be essential to scholars and researchers invested in the fields of business and operations and supply chain management. Its insightful coverage of the practicalities of current research will be indispensable for practitioners and regulators within these fields.