Inventory Management Techniques
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Inventory Management
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Author : John W. Toomey
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Inventory Management written by John W. Toomey and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
The goal of Inventory Management will be to explain the dynamics of inventory management's principles, concepts, and techniques as they relate to the entire supply chain (customer demand, distribution, and product transformation processes). The interrelationships of all functions will be defined. The book concentrates on understanding the many ramifications of inventory management. In today's competitive business environment, inventory management has proven to be most critical, and this book is directed to the management of inventory to assist in better understanding the body of knowledge required to operate in a competitive world. Almost all functions such as sales, engineering, and accounting have an impact and are impacted by inventory management. The book will assist in the training of students as well as APICS CPIM (Certified in Production and Inventory Management) candidates. As such it will not only be a textbook, but also a desk reference for those employees responsible for controlling inventories, and thereby assist in reducing cost, improving customer service, and maximizing capacity. Each chapter concludes with a case study and suggested solution. The case studies tell the story of a growing company, Smith Industries, and the related inventory management problems it had to address. The problems addressed relate to the subject matter of the chapter.
Inventory Management Techniques
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Author : Richard A. Lancioni
language : en
Publisher:
Release Date : 1978
Inventory Management Techniques written by Richard A. Lancioni and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978 with Inventory control categories.
Learn Our Efficient Inventory Management Techniques
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Author : Ramesh Venkatachalam
language : en
Publisher: Blue Rose Publishers
Release Date : 2024-04-29
Learn Our Efficient Inventory Management Techniques written by Ramesh Venkatachalam and has been published by Blue Rose Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-04-29 with Self-Help categories.
A stock or store of products is what is referred to as inventory. In order to satisfy customer expectations, these commodities are stored close to the business location. In most cases, the store needs to maintain finished goods inventory in order to fulfil client demand. Various causes, such as satisfying seasonal demand, addressing physical needs, serving a functional purpose, etc., lead to the holding of inventories.
Best Practice In Inventory Management
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Author : Tony Wild
language : en
Publisher: Routledge
Release Date : 2007-06-01
Best Practice In Inventory Management written by Tony Wild and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-06-01 with Business & Economics categories.
Good management of inventory enables companies to improve their customer service, cash flow and profitability. 'Best Practice in Inventory Management' outlines the basic techniques, how and where to apply them, and provides advice to ensure they work to produce the desired effect in practice. 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. The text is based on best theory and practice, which has been gradually developed by the inventory management profession over the years. It covers the inventory control aspects included in the courses for the DPIM, COM, DLM, CPIM and other professional and academic qualifications. Readers develop their understanding of stock control by seeing the techniques explained logically and learn how inventory structuring, individual item control, forecasting and co-ordination provide the base for logistics management. This new edition has been up-dated throughout and the final chapter, The Future - Inventory and Logistics, has been re-written to reflect the developing applications of technology and changes in focus.
Optimal Inventory Control And Management Techniques
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Author : Mittal, Mandeep
language : en
Publisher: IGI Global
Release Date : 2016-03-29
Optimal Inventory Control And Management Techniques written by Mittal, Mandeep and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-03-29 with Business & Economics categories.
Stock management and control is a critical element to the success and overall financial well-being of an organization. Through the application of innovative practices and technology, businesses are now able to effectively monitor their operations and manage their inventory by evaluating sales patterns and customer preferences. Optimal Inventory Control and Management Techniques explores emergent research in stock management and product control within organizations. Featuring diverse perspectives on the implementation of various optimization techniques, genetic algorithms, and datamining concepts, as well as research on big data applications for inventory management, this publication is a comprehensive reference source for practitioners, educators, and researchers in the fields of logistics, operations management, and retail management.
Inventory Management Principles And Practices
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Author : P. Narayan
language : en
Publisher: Excel Books India
Release Date : 2009
Inventory Management Principles And Practices written by P. Narayan and has been published by Excel Books India this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Inventory categories.
The book Inventory Management Principles and Practices explains all the fundamental principles of Inventory Management. It starts with a definition of Inventory, why it is needed as well as not needed, what is its impact on a business, how do we classify them for ease of control and what are the various techniques of inventory control. Inventory is an outcome of procurement. So obviously, while studying inventories, the logic behind its procurement should be studied. Hence, chapters on Manufacturing Resources Planning have been added. Just-in-time principles and TQM are some more methods of achieving world-class manufacturing, so they have also been included here. In the present scenario, all activities are being computerized. So lessons on e-commerce as well as all the latest technologies that are affecting Inventory Management have been included. Chapters have been included on methods to handle specific classes of inventories such as spare parts inventory, finished goods inventory, work-in-process inventory, surplus, obsolete and non-moving inventory, etc. Logistics and supply chain management defines the path which a material takes in it s life through a company. So it was essential to include a chapter on it also. Keeping in mind the syllabus prescribed in the various universities on this subject, the chapters have been designed accordingly. A chapter has also been included on some motivational thoughts outlining some principles, which would help us to become successful in life. The principles outlined here are universal, applicable to any situation, organization or country.
Inventory Management Controlling In A Fluctuating Demand Environment
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Author : R. S. Saxena
language : en
Publisher: Global India Publications
Release Date : 2009-12
Inventory Management Controlling In A Fluctuating Demand Environment written by R. S. Saxena and has been published by Global India Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-12 with Business logistics categories.
This book is for the inventory control practitioner.WIth the techniques described many people have been able to manage their stock of inventory so that their customers are happier and so are the accountants. The reduction of inventory value, the avoidance of unnecessary work and the improvement of customer service can be accomplished at the sam time through simple application of the techniques discussed. Inventory practitioners should be able to use this book to understand the best approaches and then to apply them to their own circumstances. Simple application of the methods is most succesful, while modifications usually result in less effective outcomes.
Techniques Of Inventory Management
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Author : Louis M. Killeen
language : en
Publisher:
Release Date : 1969
Techniques Of Inventory Management written by Louis M. Killeen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1969 with Inventories categories.
Romancing With Inventory Management
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Author : Dr. Indira Prakash, Aroon Prakash & Hareen Prakash
language : en
Publisher: Blue Diamond Publishing
Release Date : 2018-10-31
Romancing With Inventory Management written by Dr. Indira Prakash, Aroon Prakash & Hareen Prakash and has been published by Blue Diamond Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-10-31 with categories.
This book will help individuals and organizations, institutions who are highly committed, tenacious and resilient self-starter and are able to quickly understand a client’s needs to enable and organize resources to satisfy the requirements in a easy and prompt way. On a personal level, this book is open to any situations that is challenging and which tests abilities with work colleagues. The reader could develop a reputation as being a fast learner, who is independent, organized still a computer savvy. While doing my Ph.D. on the subject of Inventory Management, I had to run from post to pillar to get reference books on the Inventory Management at the front desk of any book shop. Online shopping of books on the subject matter were so dearer while the activities covered under the basic thumb rule of this topic was very indispensable for any organization or for any group of people to do any activity having some purpose to achieve. While going through the learning phase of my updating of knowledge, I felt a very hard necessity to bring upon some simple way of explaining the hardest subject, which though we do but does not know the importance and reasoning of why and what of our duties and responsibilities. Through this book, I share with you my take on “INVENTORY MANAGEMENT” is not only a cup of tea of any big Multi National Industry but also is a need for a House wife. There is nothing like Inventory is ‘GOOD’ or ‘BAD’. Keeping Inventory is a commitment for uninterrupted activity, while it can be “GOOD’ when it fulfill your work flow continuity, while it can be “BAD’, when it requires you to go “of” and work to get it rid. To express the hardcore of “INVENTORY MANAGEMENT”, ONE HAS TO ROMANCE WITH INVENTORY. So, having an INVENTORY STOCK CAN BE DIVIDED AS FOLLOWS
Inventory Management
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Author : Prabhu TL
language : en
Publisher: NestFame Creations Pvt Ltd.
Release Date :
Inventory Management written by Prabhu TL and has been published by NestFame Creations Pvt Ltd. this book supported file pdf, txt, epub, kindle and other format this book has been release on with Business & Economics categories.
Inventory management aids businesses in determining which goods to order and when to order it. It keeps track of merchandise from purchase to sale. The practise monitors and reacts to trends to guarantee that there is always enough stock to satisfy client orders and that shortages are detected early. Inventory becomes revenue if it is sold. Inventory ties up cash before it sells, despite the fact that it is reported as an asset on the balance sheet. As a result, having too much inventory costs money and lowers cash flow. Inventory turnover is one indicator of good inventory management. Inventory turnover is an accounting metric that shows how frequently stock is sold over time. A company does not want to have more inventory than it can sell. Deadstock, or unsold inventory, can result from low inventory turnover. What Is the Importance of Inventory Management? Inventory management is critical to a business's success since it ensures that there is never too much or too little goods on hand, reducing the danger of stockouts and erroneous records. Inventory tracking is required by the Securities and Exchange Commission (SEC) and the Sarbanes-Oxley (SOX) Act for public corporations. To demonstrate compliance, businesses must document their management practises. Inventory Management's Advantages Inventory management has two key advantages: it assures that you can fulfil incoming or open orders and it increases earnings. Inventory control also entails: Saves Money: Knowing stock trends allows you to know how much and where you have anything in stock, allowing you to make better use of what you have. This also allows you to hold less stock at each location (store, warehouse), as you can fulfil orders from anywhere – all of this lowers inventory costs and reduces the quantity of product that goes unsold before it becomes obsolete. Improves Cash Flow: Proper inventory management allows you to spend money on inventory that sells, allowing cash to flow freely throughout the company. Customers are satisfied: ensuring that customers obtain the things they desire without having to wait is an important part of building loyal customers.