Best Practice in Inventory Management

Good management of inventory enable companies to improve their customer service, cash flow and also profitability. This book shows the basic techniques, how and where to apply them, and how to ensure that they work correctly. Readers will be able to use the book as a manual for making improvements in stock control and for saving money. 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 best 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. Those who want to develop their understanding of stock control will see the techniques develop logically from the targets through inventory structuring, individual item control, forecasting and co-ordination providing the basis for logistic management. Outlines the basic techniques of inventory management and how to apply themIs suitable for those studying for the DPM, CPIM, DLM and other professional and academic qualifications that include inventory control as part of the syllabusIs published in association with The Institute of Operations Management