Inventory Strategy: Maximizing Financial, Service and Operations Performance with Inventory Strategy

Inbunden, Engelska, 2015

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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.

Produktinformation

Utgivningsdatum2015-05-16
Mått154 x 231 x 20 mm
Vikt431 g
FormatInbunden
SpråkEngelska
Antal sidor192
FörlagMcGraw-Hill Education
ISBN9780071847179

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Projektledning inom Ekonomi och ledarskap
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Edward Frazelle is the founding Director of The Logistics Institute at Georgia Tech. The Logistics Institute is the world's largest center for logistics education and research. As an educator, Dr. Frazelle has trained more than 20,000 professionals in the principles of world-class logistics. As a consultant he has assisted more than 100 corporations and government agencies in their pursuit of world-class logistics. As an author, he has authored, co-authored, or contributed to seven books and over twenty articles on logistics. Dr. Frazelle's achievements have been recognized by the Council of Logistics Management's Doctoral Research Grant, The Warehousing Education and Research Council's Burr Hupp Fellowship, the Material Handling Institute's MHEF Fellowship, the Institute of Industrial Engineer's Armstrong Award, and Kodak's Educational Grant Award. Dr. Frazelle has a Ph.D. in Industrial and Systems Engineering from The Georgia Institute of Technology.

List of Figures ixPreface xiiiAcknowledgments xviiCHAPTER ONEINTRODUCTION 11.1 What’s the Problem? 21.2 More or Less 61.3 Optimization 101.4 To(o) Lean or Not To(o) Lean? 171.5 The Inventory Journey 18CHAPTER TWOINVENTORY FUNDAMENTALS 192.1 Inventory Integrity 202.2 Inventory Philosophies 222.3 Inventory Types 232.4 Out of Stock Conditions 432.5 Planning Parameters 442.6 Financial Terms 472.7 Demand Terms 582.8 Decision Variables 602.9 Inventory Interdependencies 65CHAPTER THREEINVENTORY OPTIMIZATION 673.1 RightSKUs: SKU Optimization 693.2 RightCast: Forecast Optimization 803.3 RightTimes: Lead Time Optimization 843.4 RightLots: Lot Size Optimization 903.5 RightPloy: Inventory Deployment Optimization 953.6 RightSight: Inventory Visibility Optimization 1003.7 RightRate: Inventory Carrying Rate Optimization 1033.8 RightStock: Inventory Optimization 106CHAPTER FOURINVENTORY IN SUPPLY CHAIN STRATEGY 1094.1 Inventory and Logistics 1104.2 Inventory and Customer Service 1154.3 Inventory and Inventory 1204.4 Inventory and Supply 1204.5 Inventory and Transportation 1244.6 Inventory and Warehousing 1314.7 Inventory and the Supply Chain 1354.8 Beyond S&OP 139Glossary 147Index 155