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Definitive Guide to Inventory Management, The: Principles and Strategies for the Efficient Flow of Inventory across the Supply Chain (Council of Supply Chain Management Professionals)
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About Definitive Guide To Inventory
Product Description Inventory management is a critical component of supply chain management, addressing how much inventory should be carried across the supply chain, where to carry it, and how much safety stock is required to meet the organization’s cost and customer service objectives. Now, there’s an authoritative and comprehensive guide to best-practice inventory management in any organization. Authored by world-class experts in collaboration with the Council of Supply Chain Management Professionals (CSCMP), this text gives students and practitioners a thorough understanding of each leading approach to managing supply chain inventories, and the variables that drive decisions about inventory levels. It discusses the fundamental need for inventory, how product value affects inventory decisions, how to determine inventory levels, how the number of inventory locations affects inventory levels, and new approaches to reducing inventory. Coverage includes: Basic inventory management goals, roles, concepts, purposes, and terminology, including periodic inventory, perpetual inventory, safety stock, cycle count, ABC analysis, carrying and stockout costs, and more Key inventory management elements, processes, and interactions Principles/strategies for establishing efficient and effective inventory flows The critical role of technology in inventory planning and management New approaches to reducing inventory including postponement, vendor-managed inventories, cross-docking, and quick response systems Understanding essential trade-offs between inventory and transportation costs, including the impact of carrying costs Requirements and challenges of global inventory management Best practices for assessing inventory management performance using standard metrics and frameworks From the Back Cover Master the Essentials of World-Class Inventory Planning, Implementation, Measurement, and Optimization Covers concepts, principles, terminology, elements, processes, strategies, technologies, linkages to other business functions, metrics, and more From the field’s leading practitioners and researchers: the Council of Supply Chain Management Professionals (CSCMP) Supports all learning objectives of the Inventory Management module (Learning Block 1) of the CSCMP SCPro Level One certification The Definitive Guide to Inventory Management is the most authoritative, complete introduction to planning, running, measuring, and improving inventory management operations. Writing for both practitioners and students, the authors help you understand all facets of inventory management: definitions, concepts, structures, processes, trade-offs, strategies, and more. You’ll find detailed coverage of new approaches such as postponement, vendor-managed inventory, cross-docking, and quick response systems. The authors illuminate contemporary global and local inventory challenges, review new technology options, guide you in implementing metrics, and show how to use them to manage trade-offs and optimize performance. About the Author Professor Matthew A. Waller is the Garrison Endowed Chair in Supply Chain Management, Chair of the Department of Supply Chain Management in the Sam M. Walton College of Business at the University of Arkansas, and Chief Data Scientist at Orchestro. He joined the Walton College in 1994. He is Coeditor-in-Chief of Journal of Business Logistics, the leading academic journal in the discipline. He is an inventor on the following patent: Waller, M.A. and Dulaney, E. F. System, Method and Article of Manufacture to Optimize Inventory and Merchandising Shelf Space Utilization, Patent No. US 6,341,269 B1. Date of Patent: January 22, 2002. His opinion pieces have appeared in Wall Street Journal Asia and Financial Times. Dr. Waller is an SEC Academic Leadership Fellow. His research has appeared in Journal of Business Logistics, Production and Operations Management Journal, Journal of Operations Management, Decision Sciences, I
