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Inventory Management: Advanced Methods for Managing Inventory within Business Systems

by Geoff Relph and Catherine Milner Kogan Page
Pub Date:
07/2015
ISBN:
9780749473686
Format:
Pbk 280 pages
Price:
AU$89.00 NZ$93.04
Product Status: In Stock Now
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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. The book also includes numerous figures and diagrams as well as valuable online material.

    • 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

Geoff Relph's experience in inventory and business systems management includes operational, consulting and academic roles spanning 40 years. Advising a wide range of companies at both strategic and operational level, Geoff has led assessment and execution projects that improved supply and demand logistics for major UK and worldwide manufacturers. He gained his 'hands on' experience in production control, MRP operations, and inventory management over 25 years in large blue chip companies such as Rolls Royce Motors, Crosfield Electronics (De La Rue Group), GEC-Marconi and IBM. He is an associate lecturer for the MSc Logistics and Operations Management at the University of Warwick. Catherine Milner is a chartered engineer and has nearly 20 years' experience working in aerospace, petrochemicals and telecommunications. She has project managed many successful projects on electronic data exchange with customers, forecasting, MRP, supply chain management, and business process re-engineering. She is currently a visiting lecturer at the University of Warwick and Chairman of the Institute of Operations Management.