Understanding inventory—its costs, its place in the supply chain, and what is considered its optimal level—is important to an organization’s profitability. Demonstrating how each link in the supply chain plays an integral role in the success of the whole, Rightsizing Inventory examines inventory throughout the entire internal and external supply chain.
The book covers every aspect of inventory. Each chapter defines roles and responsibilities, identifies methods to improve collaboration, and presents the tools, techniques, and methodologies for each link.The book includes150 TIPS on "How to Rightsize Inventory,” and examines the areas of finance, accounting, sales, marketing, planning, purchasing, manufacturing, warehousing, transportation, distribution, facilities management, human resources, information technology, product engineering, process engineering, field service, quality, and the external customer.
Providing a complete overview on inventory and its place in the supply chain, Rightsizing Inventory is an important resource for those involved in making that supply chain run smoothly and profitably.
Table of Contents
Inventory as a Strategic Advantage
Is The Customer Always Right?
Having Inventory Costs the Company Money
Not Having Inventory Costs the Company Money
How Much Inventory Should We Make or Buy?
How Can We Improve the Product and Process Design
to Minimize Inventory Levels?
How Much Inventory Should We Make?
How much inventory should we stock?
What Information about Inventory Do We Need?
The Unsung Heroes of Inventory Management
Rightsizing Inventory: A New Way of Life for the Supply
Silos Can Be Turned into a Collaborative Supply Chain
Appendix A: Bibliography
Appendix B: TIPS on How to “Rightsizing” Inventory