- Provides extensive guidelines to the key parameters used when planning inventory at the detailed item operational level and tools required to plan inventory at a strategic level.
- Presents case study examples to provide broader understanding of tools and techniques and to demonstrate where each tool is best applied
- Includes a comprehensive list of tools used in inventory planning, essential for both students and practitioners
- New to this edition: chapters on balancing and control, inventory stack and flow, future developments in inventory management and new tools and case studies.
- Online resources: supporting excel spreadsheets to aid understanding and implementation of inventory planning, with ready-to-use formulae.
The Inventory Toolkit
Business Systems Solutions
Offers a set of practical tools for managing, controlling and balancing inventory in order to achieve KPI targets.
Key features at a glance
EAN: 9780749482121
Edition: 2
Published:
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 has extensive experience in inventory and business systems management in the operational, consulting and academic sectors. He is an associate lecturer at the Warwick Manufacturing Group, University of Warwick, UK, and delivers modules for the MSc Programme in the UK and internationally.
Catherine Milner is a chartered engineer and project manager with experience working in aerospace, petrochemicals and telecommunications. She has managed many successful projects on electronic data exchange with customers, forecasting, MRP, supply chain management, and business process re-engineering. She is a managing consultant, and a visiting lecturer at the University of Warwick.
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.
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