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This book is a practical guide toinventory management for wholesale distributors and stores that supply "hardgoods".¿ It deals with merchandiseclassification and selection, forecasting, safety stocks, replenishmentpurchasing, promotions, forward buying, stock adjustments, and supply chaintopics.It includes many formulas andover 50 tables and charts that cover all areas of inventory management.¿ Industry data and examples from the author'sauto parts distribution company and other automotive aftermarket firmsillustrate each topic.¿¿ Many of theformulas are from IBM, JDA, and other inventory management software packages,and are reprinted with their permission.¿All of these techniques were used to manage inventories in the author'scompany for more than 20 years.The automotive aftermarket dealswith hundreds of thousands of different items and a very high service levelrequirement, so these techniques should cover a wide range of hard goodsdistribution.The book also has many anecdotesand case histories to illustrate the key points.¿ It offers a valuable blend of strong, provenmathematical techniques and real life examples and experiences.

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Oversee your stock with this guide to inventory management and optimization with SAP ERP! Manage the inventory you have through replenishment, goods issue, goods receipt, and internal transfers; then optimize future stock by avoiding bottlenecks, setting lead times, using simulations, and more. Finally, evaluate your operations using standard reports, the MRP Monitor, and KPIs. Keep your stock levels just right! * Master daily inventory processes using SAP ERP * Create a sustainable inventory strategy to optimize stock levels * Monitor inventory performance and measure results Key Inventory Processes Understand essential business processes like good receipt, goods issue, internal stock transfer, reservations, and using materials documents. Then map these processes to their specific master data settings like service levels and lot size. Planning and Optimization Learn how the entire supply chain influences inventory planning, and jump into methods and tools for inventory optimization including SAP ERP Add-On tools for simulations and inventory cockpits. Monitoring, Reporting, and Analysis Employ Logistics Information Systems methods to control and monitor inventory, use the MRP Monitor for inventory analysis, and calculate key indicators to measure inventory performance. * Inventory management * Inventory optimization * Supply chain management * Goods receipt/goods issue (GR/GI) * Stock transfer * SAP ERP Add-Ons * Lot size * Demand planning * Material requirements planning (MRP) * MRP Monitor * Key performance indicators (KPIs)

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This book is a practical guide toinventory management for wholesale distributors and stores that supply "hardgoods".¿ It deals with merchandiseclassification and selection, forecasting, safety stocks, replenishmentpurchasing, promotions, forward buying, stock adjustments, and supply chaintopics.It includes many formulas andover 50 tables and charts that cover all areas of inventory management.¿ Industry data and examples from the author'sauto parts distribution company and other automotive aftermarket firmsillustrate each topic.¿¿ Many of theformulas are from IBM, JDA, and other inventory management software packages,and are reprinted with their permission.¿All of these techniques were used to manage inventories in the author'scompany for more than 20 years.The automotive aftermarket dealswith hundreds of thousands of different items and a very high service levelrequirement, so these techniques should cover a wide range of hard goodsdistribution.The book also has many anecdotesand case histories to illustrate the key points.¿ It offers a valuable blend of strong, provenmathematical techniques and real life examples and experiences.

This is a revision of a classic which integrates managerial issues with practical applications, providing a broad foundation for decision-making. It incorporates recent developments in inventory management, including Just-in-Time Management, Materials Requirement Planning, and Total Quality Management.

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Oversee your stock with this guide to inventory management and optimization with SAP ERP! Manage the inventory you have through replenishment, goods issue, goods receipt, and internal transfers; then optimize future stock by avoiding bottlenecks, setting lead times, using simulations, and more. Finally, evaluate your operations using standard reports, the MRP Monitor, and KPIs. Keep your stock levels just right! * Master daily inventory processes using SAP ERP * Create a sustainable inventory strategy to optimize stock levels * Monitor inventory performance and measure results Key Inventory Processes Understand essential business processes like good receipt, goods issue, internal stock transfer, reservations, and using materials documents. Then map these processes to their specific master data settings like service levels and lot size. Planning and Optimization Learn how the entire supply chain influences inventory planning, and jump into methods and tools for inventory optimization including SAP ERP Add-On tools for simulations and inventory cockpits. Monitoring, Reporting, and Analysis Employ Logistics Information Systems methods to control and monitor inventory, use the MRP Monitor for inventory analysis, and calculate key indicators to measure inventory performance. * Inventory management * Inventory optimization * Supply chain management * Goods receipt/goods issue (GR/GI) * Stock transfer * SAP ERP Add-Ons * Lot size * Demand planning * Material requirements planning (MRP) * MRP Monitor * Key performance indicators (KPIs)

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.

Paperback. Implement an effective and efficient inventory management system in your veterinary practice using this practical and concrete guidance Inventory Management for Veterinary Professionals provides a thorough introduction to the logistics of effective and efficient veterinary inventory management. Designed for any employee of a veterinary practice, the book covers strategies and tactics for all major aspects of inventory management. It provides veterinary professionals with a practical roadmap for this key business operation, with stories drawing on the authors experience to provide a real-world perspective. Emphasizing both the how and the why of developing effective inventory management systems, its an indispensable tool for veterinary professionals at every level of practice. Taking a holistic approach to setting up, maintaining, and optimizing an inventory system, the book begins by describing the theory and strategies for inventory management, then discusses how to incorporate this knowledge into practice. Inventory Management for Veterinary Professionals offers: Detailed discussion of topics including the flow of inventory through the practice, forecasting, ordering, troubleshooting, and moreAdvice on how to receive and restock, organize, price, and sell inventoryGuidance on how to set up an inventory action planA chapter on setting and executing inventory management protocols around controlled substancesA companion website with additional tools, resources, and self-assessment questions Inventory Management for Veterinary Professionals is ideal for any veterinary professional, including practice managers, receptionists, assistants, technicians, and practice owners. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.

Jump-start your inventory operations in SAP S/4HANA! Review basic inventory practices and consult step-by-step instructions to configure SAP S/4HANA for your organization's requirements. Then put the system to work! Run the SAP Fiori applications that guide your core inventory workflows: inventory planning, goods receipt, core inventory, production planning, and inventory analysis. This hands-on guide to inventory has the details you need!P> * Configure and run inventory management in SAP S/4HANA * Plan, execute, and optimize your inventory processes: goods receipt, stock transfers, and more * Analyze your inventory with key SAP Fiori applications Inventory Planning Set up a successful inventory management system. Understand how to implement key planning strategies like make-to-order, make-to-stock, MRP Live, and Kanban in your SAP S/4HANA system. Inventory Execution Ensure your system runs smoothly. Tap into the potential of SAP Fiori applications and execute core inventory processes such as exception handling, physical inventory, transfers, and more. Inventory Analysis Make the most of your inventory analytics tools. See what's offered with SAP S/4HANA, such as real-time data and role-based design; then dive in to CDS views, KPI monitoring, custom queries, and more.P> * Inventory optimization * Inventory planning * Goods receipt * Core inventory * Production planning * Inventory analysis * Configuration * Deployment * SAP Fiori applications

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Jump-start your inventory operations in SAP S/4HANA! Review basic inventory practices and consult step-by-step instructions to configure SAP S/4HANA for your organization's requirements. Then put the system to work! Run the SAP Fiori applications that guide your core inventory workflows: inventory planning, goods receipt, core inventory, production planning, and inventory analysis. This hands-on guide to inventory has the details you need!P> * Configure and run inventory management in SAP S/4HANA * Plan, execute, and optimize your inventory processes: goods receipt, stock transfers, and more * Analyze your inventory with key SAP Fiori applications Inventory Planning Set up a successful inventory management system. Understand how to implement key planning strategies like make-to-order, make-to-stock, MRP Live, and Kanban in your SAP S/4HANA system. Inventory Execution Ensure your system runs smoothly. Tap into the potential of SAP Fiori applications and execute core inventory processes such as exception handling, physical inventory, transfers, and more. Inventory Analysis Make the most of your inventory analytics tools. See what's offered with SAP S/4HANA, such as real-time data and role-based design; then dive in to CDS views, KPI monitoring, custom queries, and more.P> * Inventory optimization * Inventory planning * Goods receipt * Core inventory * Production planning * Inventory analysis * Configuration * Deployment * SAP Fiori applications

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.

Best Practice in Inventory Management 3E offers a simple, entirely jargon-free and yet comprehensive introduction to key aspects of inventory management. Good management of inventory enables companies to improve their customer service, cash flow and profitability. This text outlines the basic techniques, how and where to apply them, and provides advice to ensure they work to provide the desired effect in practice. With an unrivalled balance between qualitative and quantitative aspects of inventory control, experienced consultant Tony Wild portrays the many ways in which stock management is more nuanced than simple "number crunching" and mathematical modelling. This long-awaited new edition has been substantially and thoroughly updated. The product of decades of experience and expertise in the field, Best Practice in Inventory Management 3E provides students and professionals, even those with no prior experience in the area, an unbiased and honest picture of what it takes to effectively manage stocks in a firm.

Inventory management is about more than counting what you’ve got. It’s about understanding business realities and making decisions that balance current demand with future needs. Author Max Muller teaches readers how to do this while keeping overhead and operating costs at a minimum by maximizing productivity in key areas--from physical stock issues to problem identification and resolution to technologies like RFID and other automated inventory mechanisms. Novice and veteran managers alike will gain ultra-practical tips and tricks on topics including forecasting and replenishment strategies, retail vs manufacturing inventories, materials requirements planning, formulas for calculating quantities and schedules, and supply chain risk management. Complete with detailed examples, handy tools, and a revised and expanded chapter analyzing “Why Inventory Systems Fail and How to Fix Them,” the second edition of Essentials of Inventory Management is perfect for both instructional and on-the-job use. Inventory management is complex, but it can be simplified. With up-to-date insights to maximize productivity, identify and solve issues quickly, forecast and replenish, incorporate automation, and much more, this nontechnical yet thorough guide will teach you how to manage inventory as a physical reality--and maximize its monetary value.

Foundations of Inventory Management presents a complete treatment of inventory theory and models for use in advanced undergraduate, masters, or PhD courses in Operations research, manufacturing management or Operations management. Coverage is organized into an introductory section, followed by a section focused on predictable supply and demand, and the third section covering stochastic inventory models. Many recent developments related to or impacting inventory such as ERP systems, supply chain management, JIT, and ERP systems are integrated within the text. The text presents inventory as a critical topic for virtually all businesses today and one in which theory and practice are closely linked. Prequisite coursework for students of this text would include basic optimization theory, stochastic processes, and dynamic programming. The text includes examples as well as rigorous assignment problem sets.

This book contains a logistics approach to inventory management-from 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.

Foundations of Inventory Management presents a complete treatment of inventory theory and models for use in advanced undergraduate, masters, or PhD courses in Operations research, manufacturing management or Operations management. Coverage is organized into an introductory section, followed by a section focused on predictable supply and demand, and the third section covering stochastic inventory models. Many recent developments related to or impacting inventory such as ERP systems, supply chain management, JIT, and ERP systems are integrated within the text. The text presents inventory as a critical topic for virtually all businesses today and one in which theory and practice are closely linked. Prequisite coursework for students of this text would include basic optimization theory, stochastic processes, and dynamic programming. The text includes examples as well as rigorous assignment problem sets.