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Operations Management - Inventory Management 

 

 
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16 June 2011
 

Directory
Analyzing Inventory Adjustments    
Calculating Your Target Inventory Investment    
Can You Predict if Inventory Will Die in Your Warehouse?    
Centralized vs. Decentralized Management of Inventories A summary of the advantages and disadvantages to the two options   
Get Control of Your Inventory Inventory management is key to bigger and better margins. Is there too much inventory at the store? Is there too little at the warehouses? Answers to these questions begin with understanding what drives inventory levels. 2007  
How Many Inventory Turns Should I Get?    
Implementing Effective Inventory Management    
Information Inaccuracy in Inventory Systems - Stock Loss and Stockout Revenue losses due to out-of-stocks can far outweigh the stock losses themselves. This sensitivity of performance to the inventory inaccuracy becomes even higher in systems operating in lean environments. Pdf-file 2004  
Inventory management: 10 questions to diagnose your inventory health by Bain's Global Inventory Management practice. As most executives know, getting the right levels of inventory is vital since it not only controls costs but also serves as a barometer of a company's overall health. We typically ask clients 10 questions that take the pulse of a company's inventory health.   
Inventory Turnover Why Is Inventory Turnover Important? ...it measures how hard your
inventory investment is working
 
Jumpstart Inventory Productivity Using Speed and Information to Improve Inventory Utilization  
Liquidating Non-Moving Inventory    
On the Importance of Lead-Times Lead-time is one of the most important factors that drive cycle and safety stock, and tremendous gains can be realized by focusing on and improving lead-times.  
Optimum Inventory Levels    
Products with Sporadic Usage Thoughts on Stocking Products with Sporadic Usage  
The Financial Implications of Order Lead Times, Order Frequency, and J.I.T.    
Vendor Managed Inventory There’s More To It Than Just Selling Products. Problems from the vendors perspective  
Your Ideal Inventory Investment How do you know if you have too much, too little, or just the right amount of stock inventory? One way is to compare the value of your current inventory to an "ideal inventory investment." In this article we will discuss how to calculate the value of this "right" amount of inventory  

 

Publications

Business & Purchasing: Buy Smart and Avoid Excess Inventory in Your Warehouse
By Dan Kaplan 
Many companies are surprised when they find excess inventory of fast moving items during a physical inventory. After getting over the initial surprise, they shrug their shoulders and say: "these are fast moving items and they should sell." What they fail to realize is that even though fast moving items will sell, they carry unnecessary storage costs that affect their bottom line profit. 

Out of stock, out of mind, out of business
By Chris Olivier, CEO, The Smollan Group
 

 
Literature

Essentials of Inventory Management
by Max Muller
This book presents ready-to-use information in key areas from physical control and layout to problem identification and resolution. Concentrating on daily-use inventory concepts, this practical workplace companion specifically addresses: * Forecasting and replenishment strategies * Differences between finished-goods (retail) inventories and materials or work-in-process (manufacturing) inventories. * Materials requirements planning (MRP) and just-in-time (JIT) inventory systems * Managing inventory as both a physical object and a monetary value * Applying simple formulas to calculating quantities * Analyzing and remedying dysfunction
more about this book

Inventory Accuracy: People, Processes, & Technology
by David J. Piasecki
Inventory accuracy starts with an understanding of the conditions under which errors occur and ends with error-resistant processes, intelligent use of technology, a well-trained and highly motivated workforce, and an ongoing process of continuous improvement. In between, there’s cycle counting, root cause analysis, process evaluation, user interface design, procedures, employee training, accountability, control methods, process checks, audits, exception reporting, transaction techniques, measurement, counting methods, bar codes, RF systems, speech-based technology, light systems, and software.
more about this book

Production and Inventory Management
by Donald W. Fogarty, John H. Blackstone, Thomas R. Hoffmann
This book provides an excellent source for professionals preparing for professional certification examinations. This new edition has been significantly reorganized to reflect more closely the organisation of professional certification exams. Discussion follows the step-by-step decision-making process, including topics such as: establishment of management objectives, long-, medium-, and short-range planning, execution, and control. It also features increased emphasis on tactical and technological considerations.
more about this book

Best Practice in Inventory Management
by Tony Wild
The book shows how inventory management techniques can be used in a wide variety of situations, particularly in stores where the inventory can be anything from fast moving products to slow moving spares. The discussion extends across distribution warehousing and manufacturers' operations.
more about this book

 

 

     

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Status: 08. Februar 2012