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by Catherine Milner, Geoff Relph
Publisher: Kogan Page
Release Date: July 2015
View table of contents
Inventory Management is an essential new text for managers who need to manage, control and balance systems, with a particular focus on inventory.
Table of Contents
1 Introduction to inventory management
Inventory and inventory management
The three pillars of inventory management
Inventory planning pyramid
Management of inventory in business systems
The cost of inventory and the ability to react to change
Inventory management in the supply chain
Inventory management in the extended supply chain and ‘the Beer Game’
2 Business systems and business
Business system development
The building blocks of MRPI, MRPII and ERP
ERP implementation and management
Answer to the supply/demand balancing exercise
3 The complexity of inventory management within business systems
Inventory planning at its simplest
Airbus case study: inventory management challenges in a complex business
Complexity in managing inventory in MRPI and MRPII
4 Traditional thinking in inventory optimization
Determining the order size
Protecting against supply and demand issues
Using Pareto to plan inventory using cycle and safety stock
Developing a plan that will succeed
5 k-curve methodology
History of k-curve
Generating a k-curve
Why is it so useful?
Creating a composite curve
Testing the different options for inventory classes
6 The practical application of k-curve
Understand your current inventory position: how much have I got?
Determine the business targets that relate to inventory: what do I have to achieve?
Create inventory plan: how difficult will this be and what must I do?
Implement the plan: what actions must I do to achieve the plan?
7 Case study examples and what to do next
What does the future hold?
Why the k-curve approach is really different
Review of key points in the book