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Books > Professional & Technical > Mechanical engineering & materials
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Smart Inventory Solutions (Paperback, 2nd edition)
Loot Price: R1,725
Discovery Miles 17 250
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Smart Inventory Solutions (Paperback, 2nd edition)
Expected to ship within 10 - 15 working days
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Engineers and reliability professionals are increasingly being held
accountable for materials and spare parts inventory management and
in response they need to gain a better understanding of materials
and spare parts inventory management principles and practices. This
practical book delivers just that. This new edition will help you
get the right parts, in the right place, at the right time, for the
right reason. Fully revised, it provides specific coverage of the
issues faced in, and requirements for, managing engineering
materials and spare parts and what to do to improve your results.
It includes 29 exclusive examples and real life case studies to
demonstrate the application of the concepts and ideas so that you
will easy and quickly understand how to implement them. What's more
it will show you: What to do to truly optimize your inventory
holdings, Why inventory levels are almost always too high, How to
identifying the factors that have greatest impact on your inventory
levels, When to apply the 7 Actions for Inventory Reduction, Where
to focus your efforts for greatest effect, and Who to involve in
taking action. The concepts, ideas, tools, and processes in this
book have helped many companies achieve and sustain results that
other inventory tools and approaches just could not match. And it
is sure to help you achieve true inventory optimization as well!
The second edition includes... A new chapter on The Mechanics of
Inventory Management, a pragmatic review of the management of
inventory including... Introducing the Materials and Inventory
Management Cycle, Comparing theoretical and actual inventory
outcomes, Discussion on normal and Poisson distribution models, How
to determine the re order point, How to determine the re order
quantity, and Commentary on Monte Carlo simulation. An expanded
chapter on the financial impact of inventory, including a
discussion of the key reports that need to be understood. Chapters
on the influence of policies, procedures, and people. Additional
discussion on issues faced and how to address them. An expansion of
the central process discussed in the first edition to a more
comprehensive review process...Inventory Process (TM) Optimization.
An expanded section on executing an inventory review program. A
closing 'where to from here' chapter. 57 figures and diagrams - 30
of them new and the others all revised and updated and six new
tables (with 8 in total). Eight new checklists - specifically
included as a new tool for the reader and is the result of direct
reader requests. An expanded glossary. Introduction to Smart
Inventory Solutions The Mechanics of Inventory Management The
Financial Impact of Inventory People and Processes. Policies &
Procedures Issues, Myths and a Few Home Truths The Spare Parts
Storeroom The 7 Actions for Inventory Reduction Inventory Process
Optimization Executions: Taking Action to Achieve Results Case
Studies Where to From Here? Bibliography Appendix A: Materials and
Inventory Management Glossary Appendix B: Data Collection Questions
Index
General
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