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The Inventory Toolkit

Business Systems Solutions

Offers a set of practical tools for managing, controlling and balancing inventory in order to achieve KPI targets.
EAN: 9780749482121
Edition: 2
Format: 239x171
448 pages

About the book

Looking beyond the complexity and theory of inventory management, authors Geoff Relph and Catherine Milner examine managing inventory and achieving targets. Whilst the first edition mainly focused on planning, this new edition of The Inventory Toolkit includes three new chapters that go beyond planning to implementation. Amongst other topics, the new chapters cover holding and moving inventory, working with suppliers and using stack and flow to identify pinch points and facilitate lean and agile operations.

This comprehensive second edition of The Inventory Toolkit includes case studies from diverse industries such as retail and aerospace, and worked examples and regular exercises which illustrate how the inventory tools can be used in an operational setting. It is an invaluable reference guide for students and practitioners focusing on inventory management and operations management in manufacturing and retail, as well as operational staff involved in the implementation of the MRP and inventory management modules of ERP systems.

About the authors

Geoff Relph

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.

More about Geoff Relph

Catherine Milner

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.

More about Catherine Milner

Every inventory manager worth their salt should be working with this book. It has a thorough explanation of the history of inventory management analysis tools, but crucially what they do and how to use them. The Excel examples with formulas are excellent and raises the bar for Inventory analysis texts.

Sophie Damoglou, Supply Chain Manager, Icomera