Inventory Management: Controlling in a Fluctuating Demand Environment
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.
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accurate achieved activities analysis areas automated average balance batch benefits calculated cent changes class items collaboration companies components considered consignment stock customer service cycle counting delivery demand pattern distressed inventory distribution effective efficiency employees enables ensure errors exponential smoothing factors forecast implement important improvement increase inventory control inventory levels inventory management kitting manufacturing Material requirements planning method monitoring normal number of items operations optimize options order quantity organisation pallet Pareto Pareto analysis period picking problem putaway receiving reduce reorder replenishment requirements planning result RFID safety stock schedule shipments slotting stock control stock cover stock items stock levels stock value stockholding storage supplier supply chain supply lead targets techniques throughput accounting turnover usage vendor Vendor Managed Inventory Warehouse Management System weeks X class