The invaluable resource is the answer book that practitioners and students rely on. It breaks down the job into easy concepts and concrete steps.
The bar is set high for inventory control professionals—and well-ordered stock rooms and records are just the beginning. Beyond core tasks such as locating items, you’ve got to project future business needs, hold down costs, and fix supply chain problems. You need strategic and financial knowledge, and the skills to manage many moving parts.
With examples, charts, review questions, formulas, and clear explanations,
Essentials of Inventory Management
will help you:
Track inventory costs
Read balance sheets
Calculate gross profit
Set up a locator system
Weigh pros and cons of bar codes and RFID
Factor in replenishment costs
Decide when to get rid of dead stock
Pinpoint system dysfunctions
Mitigate risks in the supply chain
Maintaining physical spaces and databases are only part of your responsibilities. From forecasting to troubleshooting to the fundamentals of finance,
gives you the tools to optimize efficiency—and drive profits.