Synopsis
Storeroom personnel, procurement, 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.
Importantly, the book includes 29 examples and case studies to demonstrate the application of the concepts and ideas so that you will easy and quickly understand how to implement them.
This edition explains...
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.
Importantly, the book includes 29 examples and case studies to demonstrate the application of the concepts and ideas so that you will easy and quickly understand how to implement them.
This edition explains...
- The mechanics of inventory management, a pragmatic review of the management of inventory including 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.
- The financial impact of inventory, including a discussion of the key reports that need to be understood.
- The influence of policies, procedures, and people.
- The Inventory Cash Release Process™ (ICR®).
Plus the book includes:
- 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.
"synopsis" may belong to another edition of this title.
About the Author
For nearly 30 years Phillip Slater has been known for this pragmatic approach to solving problems. This approach is evident through all of his books, including Smart Inventory Solutions and The Optimization Trap, sales of which have extended Phillip's influence to more than 46 countries.
Phillip holds degrees in engineering and management, is the Founder of the website SparePartsKnowHow.com, and in 2012 the Logistics Association of Australia presented Phillip with an award for Leadership in Logistics Education.
Recently Phillip was described by the MRO Guy podcast as 'truly one of the leaders in the MRO information segment'.
Phillip works for a global clientele but chooses to live in Melbourne Australia.
"About this title" may belong to another edition of this title.
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Smart Inventory Solutions
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Smart Inventory Solutions: Improving the Management of Engineering Materials and Spare Parts
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Smart Inventory Solutions: Improving the Management of Engineering Materials and Spare Parts
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Industrial Press Inc.,U.S. 01/b /01 F, 2010
ISBN 10: 0831134011
ISBN 13: 9780831134013
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Smart Inventory Solutions (Volume 1)
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Smart Inventory Solutions
Published by
Industrial Press Inc.,U.S., US, 2010
ISBN 10: 0831134011
ISBN 13: 9780831134013
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Seller: Rarewaves.com USA, London, LONDO, United Kingdom
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Paperback. Condition: New. 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 ProcessT 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 SolutionsThe Mechanics of Inventory ManagementThe Financial Impact of InventoryPeople and Processes. Policies and ProceduresIssues, Myths and a Few Home TruthsThe Spare Parts StoreroomThe 7 Actions for Inventory ReductionInventory Process OptimizationExecutions: Taking Action to Achieve ResultsCase StudiesWhere to From Here?BibliographyAppendix A: Materials and Inventory Management GlossaryAppendix B: Data Co. Seller Inventory # LU-9780831134013
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Smart Inventory Solutions
Published by
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ISBN 10: 0831134011
ISBN 13: 9780831134013
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Smart Inventory Solutions: Improving the Management of Engineering Materials and Spare Parts
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