MTU Library Catalogue

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Inventory strategy : maximizing financial, service and operations performance with inventory strategy / Edward H. Frazelle, PHD.

By: Frazelle, Edward.
Material type: materialTypeLabelBookPublisher: New York : McGraw-Hill Education, [2015]Description: xix, 165 pages : illustrations ; 24 cm.Content type: text Media type: unmediated Carrier type: volumeISBN: 9780071847179 (hbk.) :.Subject(s): Inventory control | Business logistics | Business & Management | Management decision making | Distribution & logistics management | Business and ManagementDDC classification: 658.787 FRA Summary: In most organisations, highly qualified inventory management professionals are required to respond to a barrage of typically uncoordinated initiatives from across the organisation. Those initiatives often include increasing SKUs, customisation and inventory availability while reducing customer response times, transportation costs, purchase costs and manufacturing costs. This text offers a strategy for easily achieving this otherwise impossible task by presenting a proven, fact-based, balanced and logical means of determining the proper role and level of inventory in supply chain strategy.

Enhanced descriptions from Syndetics:

An executive-level strategic guide to maximizing financial, service, and operations performance using the proven RightStock model of inventory management

In most organizations, highly qualified professionals are required to respond to a barrage of typically uncoordinated initiatives from across the organization. Those initiatives normally include increasing SKUs, customization, and inventory availability while reducing customer response times, transportation costs, purchase costs, and manufacturing costs.

Inventory Strategy arms them with a strategy for easily achieving this otherwise impossible task by presenting a proven, fact-based, balanced, and logical means of determining the proper role and level of inventory in supply chain strategy.

Formerly CIP. Uk

Includes index.

In most organisations, highly qualified inventory management professionals are required to respond to a barrage of typically uncoordinated initiatives from across the organisation. Those initiatives often include increasing SKUs, customisation and inventory availability while reducing customer response times, transportation costs, purchase costs and manufacturing costs. This text offers a strategy for easily achieving this otherwise impossible task by presenting a proven, fact-based, balanced and logical means of determining the proper role and level of inventory in supply chain strategy.

Table of contents provided by Syndetics

  • List of Figures (p. ix)
  • Preface (p. xiii)
  • Acknowledgments (p. xvii)
  • Chapter 1 Introduction (p. 1)
  • 1.1 What's the Problem? (p. 2)
  • 1.2 More or Less (p. 6)
  • 1.3 Optimization (p. 10)
  • 1.4 To(o) Lean or Not To(o) Lean? (p. 17)
  • 1.5 The Inventory Journey (p. 18)
  • Chapter 2 Inventory Fundamentals (p. 19)
  • 2.1 Inventory Integrity (p. 20)
  • 2.2 Inventory Philosophies (p. 22)
  • 2.3 Inventory Types (p. 23)
  • 2.4 Out of Stock Conditions (p. 43)
  • 2.5 Planning Parameters (p. 44)
  • 2.6 Financial Terms (p. 47)
  • 2.7 Demand Terms (p. 58)
  • 2.8 Decision Variables (p. 60)
  • 2.9 Inventory Interdependences (p. 65)
  • Chapter 3 Inventory Optimization (p. 67)
  • 3.1 RightSKUs: SKU Optimization (p. 69)
  • 3.2 RightCast: Forecast Optimization (p. 80)
  • 3.3 RightTimes: Lead Time Optimization (p. 84)
  • 3.4 RightLots: Lot Size Optimization (p. 90)
  • 3.5 RightPloy; Inventory Deployment Optimization (p. 95)
  • 3.6 RightSight: Inventory Visibility Optimization (p. 100)
  • 3.7 RightRate: Inventory Carrying Rate Optimization (p. 103)
  • 3.8 RightStock: Inventory Optimization (p. 106)
  • Chapter 4 Inventory in Supply Chain Strategy (p. 109)
  • 4.1 Inventory and Logistics (p. 110)
  • 4.2 Inventory and Customer Service (p. 115)
  • 4.3 Inventory and Inventory (p. 120)
  • 4.4 Inventory and Supply (p. 120)
  • 4.5 Inventory and Transportation (p. 124)
  • 4.6 Inventory and Warehousing (p. 131)
  • 4.7 Inventory and the Supply Chain (p. 135)
  • 4.8 Beyond S&OP (p. 139)
  • Glossary (p. 147)
  • Index (p. 155)

Author notes provided by Syndetics

Dr. Edward H. Frazelle is president and CEO of Logistics Resources International and executive director of the RightChain Institute. He was also the founding director of The Logistics Institute at Georgia Tech, the world's largest center for supply chain research and professional education.