Hands-on inventory management. (©2008)

• Record Type: Book
• Further Information: Note: Ed C. Mercado.
• Other Names: Mercado, Ed C
• Contents: Introduction ; Objective of Inventory Management; Reasons to Carry Inventory; Too Much Inventory; Too Little Inventory; Costs Associated with Inventory; Profits and Cash Flow are Different Things; Eternal Issues of Inventory Management; Prerequisites for Effective Inventory Management; Operational Environments ; How Operational Situations Impact Inventory ; A Retail Store (Merchandising Environment); A Producer of Retail Items (Make-To-Stock Environment); A Specialty Steel Fabrication Shop (Make-to-Order Environment); A PreEngineered Firm (Engineer-To-Order Environment) ; Flow Process Environment; Project Environment ; Types of Inventory ; Different Inventory Items Require Different Controls; Classification by Stage in the Production Process; Classification by Responsibility; Classification by Value of Annual Usage—ABC Classification ; The ABC Classification; Other Ways of Classifying Inventory; Measures of Inventory Effectiveness; Percentage of Inventory with No Requirements (Demand) in; Upcoming X Months (Lower Is Better); Percentage of Inventory with No Issues for the Last X Months; (Lower Is Better); Days Inventory On Hand (Lower Is Better); Other Measures; Aligning Goals with Other Departments; Purchasing and Inventory Management; Production and Inventory Management; Lowering Inventory Levels; Engineering, Production, and Purchasing; Responsibility for Inventory Management; Inventory Transactions ; The Need for Inventory Records; When Should A Part Number Be Assigned?; Part Numbering Schemes; Significant Part Numbers; Nonsignificant Part Numbers; Combination Part Numbers; Why Use Records?; Bills of Materials; Inventory Accuracy ; The Need for Inventory Record Accuracy; Achieving Inventory Accuracy; Only Two Types of Inventory Transactions; Transactions that Increase Quantity on Hand ; Transactions that Decrease Quantity on Hand; Root Causes of the Most Common Transaction Errors; How to Error-Proof Transactions; First-Time Data Entry; Avoid Rekeying Data; Format and Error Checking in Documents; Cycle Counting and Physical Inventory ; Objective of Cycle Counting; Where to Begin Cycle Counting; Definition of Cycle Count Variance; Definition of a CutOff Point; Example of Incorrect CutOff; Other Causes of Discrepancies and Suggested Analyses; Setting Up a Cycle Count Program; Physical Inventory ; Inventory Planning and Replenishment ; How to Determine What and How Much Inventory Is Needed; Different Operational Situations Require Different Techniques; Inventory Planning: How Much Do We Need?; Dependent and Independent Demand; How Far Ahead To Guess Requirements?; Situation Example 1: Retail Store; Situation Example 2: Producer of Retail Products; Situation Example 3: A Specialty Steel Fabrication Plant; Situation Example 4: A Preengineered Conveyor Company; Situation Example 5: Producer of Configured Products; (Assemble-to-Order); Situation Example 6: Maintenance, Repair and; Operating Items, Indirect items, Consumables; Situation Example 7: Food Processing Plant (Process; Flow Environment); The Basic Reorder Point Technique; Economic Order Quantity (EOQ); Visual Techniques; Materials Requirements Planning (MRP); The Basic MRP Record ; Other MRP Details ; The Concept of Safety Stock; Stocking More Than We Need; Single Period Inventory Model; Summary of Inventory Planning and Replenishment; Storage and Physical Control ; The Receiving Process; A Starting Point: Good Housekeeping; Assigning Physical Locations; Point-of-Use Inventory; Consignment Inventory; Success Factors for Consignment Programs; Supplier-Managed Inventory; Supply-Chain Management ; Definition of Supply-Chain Management; The Systems Viewpoint 86; The Firm’s Place in the Supply Chain; Coordination with Other Elements in the Supply Chain; Opportunities for Improvement are All Over the Supply Chain; An Example of a Supply-Chain Opportunity; Lean Principles and Continuous Improvement ; Lean Principles; Examples to Eliminate Waste; Tools for Lean Management; The Concept of 5 S; Just-In-Time (JIT) Concepts; Kaizen (Continuous Improvement); For Further Reading
• Publisher Details: Boca Raton : Taylor & Francis
• Publication Date: 2008
• Copyright Date: 2008
• Extent: 1 online resource (110 pages)
• Subjects: 658.7/87; Inventory control; BUSINESS & ECONOMICS -- Management Science; BUSINESS & ECONOMICS -- Organizational Behavior; BUSINESS & ECONOMICS -- Industrial Management; BUSINESS & ECONOMICS -- Management; Inventory control; Electronic books
• Languages: English
• ISBNs: 9780849383274; 0849383277
• Notes: Note: Includes bibliographical references and index.; Note: Print version record.
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.