Inventory Management: Principles, Concepts and Techniques
Springer Science & Business Media, 30 juin 2000 - 228 pages
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.
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average bill of material calculation capacity planning cellular manufacturing central supply center components considered control system customer order customer service cycle counting decision delivery dependent determined direct labor distribution centers distribution network Distribution Resource Planning due date end item example Falls Church FIFO finished freight function goals gross requirements increased independent demand inventory investment inventory management LIFO lot sizes make-to-order manufacturing operation manufacturing resource planning master production schedule master schedule material requirements planning measurement modules MRP system order quantity ordering cost overhead patio furniture perpetual inventory physical distribution Planned Order Receipt planned order release planned shipment problem process manufacturing Production and Inventory production control production plan Projected available balance raw material reduced reorder point replenishment safety lead safety stock Scheduled Receipts setup Smith Gas Grill Smith Industries standard cost stockout subassembly supplier supply chain technique transportation units warehouse week