Effective inventory management can increase revenue, reduce costs, and improve cash flows. Endorsed by Institute of Operations Management and CILT, Inventory Management shows managers how to take control of their inventory system and ensure operations run smoothly.
Looking beyond the complexity and theory of inventory management, Geoff Relph and Catherine Milner focus on the most important decisions managers need to make when managing inventory. They examine how inventory management should work, how to control it, and how to balance it, through their use of revolutionary k-curve methodology. They include case studies from various industries, looking at inventory management in diverse areas such as supermarkets and aerospace. Online resources include an appendix of figures, a chapter breakdown of figures and a bonus chapter about the supporting materials.
Dr. Geoff Relph has 40 years' experience in inventory and business systems management in the operational, consulting and academic sectors. With over 20 years' experience in MRP operations and inventory management with IBM, since 2002 Geoff has worked as an inventory expert in operational, consulting and training roles. He's led many projects to improve supply and demand performance. Geoff completed his doctorate in Inventory Management in Business Systems. He is an associate lecturer at the Warwick Manufacturing Group, University of Warwick, and delivers modules for the MSc Programme in the UK and internationally. Catherine Milner is a chartered engineer and has nearly 20 years' experience working in aerospace, petrochemicals and telecommunications. She's managed many successful projects on electronic data exchange with customers, forecasting, MRP, supply chain management, and business process re-engineering. She is a visiting lecturer at the University of Warwick and Chairman of the Institute of Operations Management.
Chapter - 00: Introduction;
Chapter - 01: Introduction to inventory management;
Chapter - 02: Business systems and business;
Chapter - 03: The complexity of inventory management within business systems;
Chapter - 04: Traditional thinking in inventory optimization;
Chapter - 05: k-curve methodology;
Chapter - 06: The practical application of k-curve;
Chapter - 07: Case study examples and what to do next