Provides the tools managers need to manage, control and balance systems, with a particular focus on inventory.
Effective inventory management can increase revenue, reduce costs, and improve cash flows. Endorsed by Institute of Operations Management and CILT, Inventory Management shows managers how to take control of their inventory system and ensure operations run smoothly.
Looking beyond the complexity and theory of inventory management, Geoff Relph and Catherine Milner focus on the most important decisions managers need to make when managing inventory. They examine how inventory management should work, how to control it, and how to balance it, through their use of revolutionary k-curve methodology. They include case studies from various industries, looking at inventory management in diverse areas such as supermarkets and aerospace. The book also includes numerous figures and diagrams as well as valuable online material.
Inventory Management is accurately described by the authors as achieving a balance between the philosophical and the practical. A significant portion of the book is dedicated to the k-curve methodology developed in the 1980's - 1990's by Relph while he was working for IBM. If you're ready for truly advanced inventory management methods administered with a practical hand, this book contains many of the answers you've been looking for.
Kelly Barner, Buyers Meeting Point
Inventory Management provides a comprehensive overview of the key methodologies to address inventory optimisation. It ranges from re order points through to k curve applications. It will provide both the student a first class reference book and also the business owner the knowledge to apply more quantitative techniques to enable their inventory planning to be more effective and targeted.
Colin Mills, Chief Operating and Financial Officer, Acenta Steel Limited
This practical book should be required reading for anyone involved in managing inventory from managers to students alike. Written by experienced practitioners, with academic credentials, the book takes the reader from basic to advanced inventory management tools and techniques. The book is illustrated with case studies of good practice across different sectors and is an important addition to the Kogan Page suite of logistics and transport publications.
Dorothea Carvalho, Chartered Institute of Logistics and Transport
This book aims to achieve a balance between the philosophical and the practical, providing a mixture of theory, step-by-step instructions, and practical examples to help managers smooth out their inventory management processes and streamline operations. Case studies from diverse industries-from supermarkets to aerospace-help to illustrate the challenges faced in managing inventory in today's world.
Dr. Geoff Relph's experience in inventory and business systems management includes operational, consulting and academic roles spanning 40 years. He gained his initial 'hands on' experience in MRP operations and inventory management over 20 years with IBM. Geoff has worked since 2002 as an inventory expert in operational, consulting and training roles for companies both large and small and has led a wide range of projects that have improved supply and demand performance. Geoff completed his Doctorate in Inventory Management in Business Systems in 2006. He is an associate lecturer at the Warwick Manufacturing Group, University of Warwick, and delivers modules for the MSc Programme both in the UK and internationally.
Catherine Milner is a chartered engineer and has nearly 20 years' experience working in aerospace, petrochemicals and telecommunications. She has project managed many successful projects on electronic data exchange with customers, forecasting, MRP, supply chain management, and business process re-engineering. She is currently a visiting lecturer at the University of Warwick and Chairman of the Institute of Operations Management.
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