DescriptionThis book contains a logistics approach
to inventory management梖rom the warehouse through the distribution system, from
the supplier to the customer. Written for managers, it outlines objectives and
performance measures pertaining to customer service, inventory investment, and
operational efficiency. Factors affecting inventory are fully discussed and
warehouse environments are fully explored, including types and objectives,
packaging, material handling, and costs involved.
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Table of Contents |
Introduction
Module 1: Inventory Objectives and Policies
What Is
Inventory Management?
Handling Conflicting Objectives
Inventing
Categories
Types of Inventory
Module 2: Independent Demand Inventory
Systems
Inventory Information Systems
Independent Demand
Models
Environments and Their Effects on Inventory Management
Order Cycles
and Lead Times
Module 3: Inventory Management Tools and Techniques
Forecasting and Determining Inventory Levels
Essential Calculations
(EOQ)
The 80/20 Rule (ABC Analysis)
Determining Other Costs
Lot Size
and Safety Stock
Module 4: Inventory Management and Financial Analysis
Financial Control of Inventory
Balance Sheet Basics
Income Statement
Basics
The Basic Manufacturing Equation
Key Financial
Ratios
Identifying Suppliers with Potential Cash-Flow Problems
Costed Bill
of Materials
Allocation of Factory Overhead and Activity-Based
Costing
Module 5: Physical Controls: The Warehouse Environment
Objectives of Warehousing
Picking, Packing, and Shipping
Costs of
Warehousing
Setting Up a Warehouse System
Module 6: Distribution
Inventory Planning and Control (Logistics)
Delivering Products
Types of
Distribution Systems
Forecasting Stockkeeping Units (SKU)
Requirements
Integrating Distribution and Manufacturing
Systems
Just-in-Time (JIT) in a Distribution Environment
Answers to
Exercises |
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Course Objectives |
- Learn about inventory management policies and objectives
- Use inventory management tools and techniques
- To review financial analysis of inventory management
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