A guide to inventory management. The author describes the basic techniques, how and when to apply them, and how to ensure that they work correctly. Readers should be able to use the book as a manual for making improvements in stock control and for reducing costs. The techniques are described in the context of stores operations which can be applied in a variety of situations including distribution warehousing, spares and service, manufacturing and consumable stores. As the text is based on theory and practice, it covers the aspects of inventory control included in the syllabi for the DPM, CPIM, DLM and other professional and academic qualifications.
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Tony Wild has spend a great deal of time solving real inventory issues for businesses in a variety of industries from aerospace to retail consumables, automotive to process chemicals. The result of this work has led Tony to produce and refine this book so that others can avoid some of the pitfalls. From an academic start (B.Sc, M.Sc. Ph D), and a manufacturing and warehousing career in production control and materials management, Tony has specialised in this challenging field. He is Managing Director of Midas Consultants, who are leading experts in inventory management.
The basis of inventory control; Customer service; Managing the inventory; Just in time management; Organisation and management; Safety stocks; Setting the right stock levels; The changing role of purchasing; Forecasting demand; Historical forecasting techniques; Advanced forecasting methods; Material requirements planning: an alternative to forecasting; The future: inventory and logistics; Appendix; Index.
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