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Inventory Classification Innovation - Paving the Way for Electronic Commerce and Vendor Managed Inventory (Hardcover)
Loot Price: R4,143
Discovery Miles 41 430
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Inventory Classification Innovation - Paving the Way for Electronic Commerce and Vendor Managed Inventory (Hardcover)
Series: Resource Management
Expected to ship within 12 - 17 working days
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All Inventory is not created equal. Inventory classification is the
backbone of distribution profitability. Important inventory
management criteria such as customer service level, margin, days
supply and EOQ can not be applied across the board by vendor or
product category. Therefore, different types of items must be
managed differently. Inventory Classification Innovation: Paving
the Way for Electronic Commerce and Vendor Managed Inventory takes
a quantum leap forward and explores inventory classification
techniques used successfully in large multi-branch distribution for
over 25 years. In his book Broeckelmann develops the innovative
concepts of Type and Stock Code classifications.
Type classification is based on the fundamental characteristics of
an SKU - Cost and Demand. The author details a proven method of
segmenting inventory by cost and demand to recognize the difference
in SKUs; thereby allowing appropriate classification and the
ability to treat different SKUs differently. Type allows
implementation of the important inventory management criteria to
classes of items that are homogeneous, independent of vendor or
product category. Stock Code deals with the quantitative/subjective
differences of how a product could be purchased and distributed in
a multi-branch environment. Stock Code ignores vendor and product
categories and allows purchasing and distribution based on item
fundamentals such as 'required inventory' and 'central warehouse
stock only', etc.
Timing is critical. Don't rely on ineffective ABC methods, or worse
try to reinvent the wheel for e-commerce. This book presents a new
and unique method for inventory management and pricing matrix
development to meet the needs of the virtual marketplace. You will
find the techniques to start thinking beyond the one-size-fits-all
approach of the ABC Inventory Method, and begin using the
innovative Type & Stock Method. Inventory Classification
Innovation truly paves the way for electronic commerce and Vendor
Managed Inventory.
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