Products related to Inventory:
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Best Practice in Inventory Management
Best Practice in Inventory Management 3E offers a simple, entirely jargon-free and yet comprehensive introduction to key aspects of inventory management.Good management of inventory enables companies to improve their customer service, cash flow and profitability.This text outlines the basic techniques, how and where to apply them, and provides advice to ensure they work to provide the desired effect in practice.With an unrivalled balance between qualitative and quantitative aspects of inventory control, experienced consultant Tony Wild portrays the many ways in which stock management is more nuanced than simple "number crunching" and mathematical modelling.This long-awaited new edition has been substantially and thoroughly updated. The product of decades of experience and expertise in the field, Best Practice in Inventory Management 3E provides students and professionals, even those with no prior experience in the area, an unbiased and honest picture of what it takes to effectively manage stocks in a firm.
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Inventory Management for Veterinary Professionals
Implement an effective and efficient inventory management system in your veterinary practice using this practical and concrete guidance Inventory Management for Veterinary Professionals provides a thorough introduction to the logistics of effective and efficient veterinary inventory management.Designed for any employee of a veterinary practice, the book covers strategies and tactics for all major aspects of inventory management.It provides veterinary professionals with a practical roadmap for this key business operation, with stories drawing on the author’s experience to provide a real-world perspective.Emphasizing both the ‘how’ and the ‘why’ of developing effective inventory management systems, it’s an indispensable tool for veterinary professionals at every level of practice.Taking a holistic approach to setting up, maintaining, and optimizing an inventory system, the book begins by describing the theory and strategies for inventory management, then discusses how to incorporate this knowledge into practice.Inventory Management for Veterinary Professionals offers: Detailed discussion of topics including the flow of inventory through the practice, forecasting, ordering, troubleshooting, and moreAdvice on how to receive and restock, organize, price, and sell inventoryGuidance on how to set up an inventory action planA chapter on setting and executing inventory management protocols around controlled substancesA companion website with additional tools, resources, and self-assessment questions Inventory Management for Veterinary Professionals is ideal for any veterinary professional, including practice managers, receptionists, assistants, technicians, and practice owners.
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Inventory and Production Management in Supply Chains
Authored by a team of experts, the new edition of this bestseller presents practical techniques for managing inventory and production throughout supply chains.It covers the current context of inventory and production management, replenishment systems for managing individual inventories within a firm, managing inventory in multiple locations and firms, and production management.The book presents sophisticated concepts and solutions with an eye towards today’s economy of global demand, cost-saving, and rapid cycles.It explains how to decrease working capital and how to deal with coordinating chains across boundaries.
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Portfolio Management : Delivering on Strategy
Portfolio management is becoming the ‘must have’ for organizations to prosper and survive in this decade and beyond.No longer can the organizational focus be one of following best and repeatable practices as resource limitations mean only those programs, projects, and operational work that add business value can and should be pursued.Executives are focusing on strategic ability and managing complexity, which can only be done through a disciplined portfolio process in ensuring the best mix of programs, projects, and operational work is under way.In turn, the portfolio is constantly in flux as difficult decisions are made if a project, for example, is no longer contributing to business value and providing benefits and should be terminated to reallocate resources to one of higher priority.Commitment to this difficult approach is necessary at all levels, and communication is required so everyone knows how their work contributes to the organization’s strategic goals and objectives. Portfolio Management: Delivering on Strategy, Second Edition focuses on the benefits of portfolio management to the organization.Its goal is to provide senior executives a view on how portfolio management can deliver organizational strategy.The emphasis is on the specific aspects within the portfolio management discipline and how each aspect should be managed from a business perspective and not necessarily from a portfolio management perspective.Highlights of the book include:Agile portfolio management Delivering organizational value Portfolio management and uncertainty Portfolio governance Marketing a portfolio Portfolio management success Starting with a review of the project portfolio concept and its development, this book is a reference for executives and practitioners in the field, as well as a students and researchers studying portfolio management.
Price: 47.99 £ | Shipping*: 0.00 £
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Should inventory management be activated or deactivated?
Inventory management should be activated in order to efficiently track and control the flow of goods in a business. By activating inventory management, businesses can accurately monitor stock levels, reduce the risk of stockouts or overstocking, and improve overall inventory accuracy. This can lead to cost savings, improved customer satisfaction, and better decision-making based on real-time inventory data.
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Can you help me with inventory management?
Yes, I can help you with inventory management. I can assist you in organizing and tracking your inventory, setting up systems to manage stock levels, and implementing best practices to optimize inventory control. Additionally, I can provide guidance on inventory forecasting, replenishment strategies, and identifying areas for improvement in your inventory management processes. Feel free to ask me any specific questions or provide more details about your inventory management needs.
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Which inventory management software supports QR barcodes?
There are several inventory management software options that support QR barcodes, including TradeGecko, Fishbowl, and Zoho Inventory. These software solutions allow users to create and manage QR codes for their inventory items, making it easier to track and manage stock levels. Additionally, they often offer features such as barcode scanning and mobile app integration to streamline inventory management processes.
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What is a goal conflict in inventory management?
A goal conflict in inventory management occurs when different objectives or goals within the inventory management process are in conflict with each other. For example, the goal of minimizing holding costs by reducing inventory levels may conflict with the goal of ensuring high customer service levels by maintaining sufficient stock levels. This conflict can make it challenging for businesses to find the right balance between cost efficiency and customer satisfaction in their inventory management strategies. Resolving goal conflicts often requires careful planning, communication, and trade-offs to achieve a compromise that aligns with the overall objectives of the organization.
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Inventory Control
This third edition, which has been fully updated and now includes improved and extended explanations, is suitable as a core textbook as well as a source book for industry practitioners.It covers traditional approaches for forecasting, lot sizing, determination of safety stocks and reorder points, KANBAN policies and Material Requirements Planning.It also includes recent advances in inventory theory, for example, new techniques for multi-echelon inventory systems and Roundy's 98 percent approximation.The book also considers methods for coordinated replenishments of different items, and various practical issues in connection with industrial implementation. Other topics covered in Inventory Control include: alternative forecasting techniques, material on different stochastic demand processes and how they can be fitted to empirical data, generalized treatment of single-echelon periodic review systems, capacity constrained lot sizing, short sections on lateral transshipments and on remanufacturing, coordination and contracts.As noted, the explanations have been improved throughout the book and the text also includes problems, with solutions in an appendix.
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Spare Parts Inventory Management : A Complete Guide to Sparesology
OverviewNo previous works have focused on the topic of inventory reduction and optimization to the extent that this one does.Spare Parts Inventory Management: A Complete Guide to Sparesology™ by Philip Slater covers the whole part’s life cycle, from initial purchase to final disposal, and addresses issues throughout, including maintenance, repair, and overhaul (MRO).The author, Phillip Slater, was described in a recent podcast as “truly one of the leaders in the MRO information segment.”Sparesology is a term coined by Slater to describe the discipline of optimizing the physical, financial, and human resource management processes of spare parts inventory management.Sparesology is much more than just inventory optimization.It involves an understanding of the complete “ecosystem,” within which the spare parts inventory is managed, and seeks to ensure that all of the factors influencing this management work together to achieve an organization’s goals. “Spare Parts Inventory Management: A Complete Guide to Sparesology® combines content you might find in several different texts into a well-organized and easy to use reference.This is a fantastic guide for anyone interested in having a successful spare parts inventory management system. Right from the beginning, I knew this would be a good read.Every aspect of spare parts management, cradle-to-grave is addressed.Innovative concepts, such as inventory 'prevention' and 'timing,' are introduced, and matrices translate complex concepts into easily understood visual references. To clear the path for success, the author starts the journey by identifying potential landmines that can sink a spare parts inventory management system at its onset.I found the section, 'Five common supply chain techniques that you should not use for spare parts management' particularly insightful. A useful discussion addresses perceptions of the financial impact of spare parts.It explores the delicate balance of the key players and their own 'silo' perspectives and agendas, and helps the reader understand the ever-ongoing battle between the thought that spare parts 'cost money' and the idea that downtime is a deadly cost that must be avoided.Examples and simple calculations provide some great guidelines for decision making.As a bonus, the difference between policies and procedures, as well as valuable and specific guidelines for writing both, are included. This easy to read guide to understanding the human factors (trust) offers no-nonsense techniques for applying data-based decision making in the establishment of a robust spare parts inventory management system.It combines content you might find in several different texts into a well-organized and easy to use reference that deals with everything from clean sheet design of a system to best practices and continual improvement for mature systems.Spare Parts Inventory Management: A Complete Guide to Sparesology® is a fantastic guide for anyone interested in having a successful spare parts inventory management system." —Marnie Schmidt, Author of Tribal Knowledge: The Practical Use of ISO, Lean and Six Sigma Together. www.marnieschmidt.com“It’s like Phillip is coaching you one-on-one.He addresses the full life cycle of spares, clearly shows the unique nature of spare parts management, and provides practical guidance on critical policies and best practices.Spare Parts Inventory Management: A Complete Guide to Sparesology® belongs on the shelf of every spare parts organization.I definitely would recommend it to my clients and students. Phillip Slater’s latest book continues his unique and engaging writing style.He draws on his decades of experience in spare parts management and delivers a book that is pleasantly conversational, as if I am sitting across the table from him, and he is coaching me one-on-one.This book is also unique as it addresses the full life cycle of spares, from initial requirements forecasting through to use and final disposal. The author clearly shows the unique nature of spare parts management versus other types of inventory — distinctions that require different considerations in planning and control.In easy to understand terms, he dispels the myths associated with spares and provides practical guidance on critical spare parts policies and best practices that favorably impact the bottom line. Spare Parts Inventory Management: A Complete Guide to Sparesology® is practitioner oriented and belongs on the shelf in every spare parts organization.I definitely would recommend it to my clients and students." —Dr. A. Patricia Murrin, A.P. Murrin and Associates; Supply Chain Management Department Chair, The National Graduate School of Quality Management; Adjunct Faculty, Walden University; Adjunct Faculty, Northwood University.You can find her on LinkedIn. “Slater sticks with proven systems and best practices born out of real-world experience.As timely as it is useful, Spare Parts Inventory Management: A Complete Guide to Sparesology® is a
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Inventory of Doubts
Godfrey describes how looking at art from the past makes us hunger for a civilization that might no longer be thriving amidst a greater desensitization and insular mass behavior.Furthermore, we are left to meditate on how we may just be on our own in the universe to even a higher degree than before because our attention and enthusiasm seems directed to the unmentioned gadgetry of modern human beings.
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Applied Fundamentals in Finance : Portfolio Management and Investments
This textbook provides a comprehensive introduction to portfolio management and investments.Focusing on four core areas – portfolio management, equities, bonds, and derivatives – it is primarily intended for undergraduate and graduate students alike.However, it will also benefit practitioners working in the fields of financial analysis and portfolio management and professionals who aspire to such professional activities in the financial industry.To ensure its high practical relevance, the book includes a host of case studies and examples from real-world practice, mainly from the German and Swiss financial markets.Additionally, the book shows how to implement the models in Microsoft Excel.
Price: 89.99 £ | Shipping*: 0.00 £
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What are inventory and inventory holding costs?
Inventory refers to the goods and materials held by a business for the purpose of resale or production. Inventory holding costs, also known as carrying costs, are the expenses associated with holding and storing inventory. These costs can include expenses such as storage, insurance, obsolescence, and the opportunity cost of tying up capital in inventory. Managing inventory and minimizing inventory holding costs is important for businesses to optimize their cash flow and profitability.
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How can the inventory management be made even simpler?
Inventory management can be made even simpler by implementing automated systems such as barcode scanning and RFID technology to track inventory in real-time. This can help reduce human error and streamline the process of updating inventory levels. Additionally, using a centralized inventory management software can provide a clear overview of stock levels, reorder points, and supplier information, making it easier to make informed decisions about inventory management. Finally, establishing clear and efficient communication channels with suppliers and distributors can help ensure that inventory is replenished in a timely manner, reducing the risk of stockouts and overstocking.
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Which assets in the municipal administration are suitable for a book inventory?
Assets in the municipal administration that are suitable for a book inventory include tangible assets such as buildings, vehicles, equipment, and infrastructure. Intangible assets like software licenses, patents, and trademarks should also be included in the book inventory. Additionally, financial assets such as cash, investments, and accounts receivable should be accurately recorded in the book inventory to ensure transparency and accountability in the administration's financial management.
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How does an increase in inventory turnover frequency affect inventory costs and inventory risk?
An increase in inventory turnover frequency typically leads to lower inventory costs as it indicates that inventory is being sold and replenished more quickly, reducing the need for excess inventory storage and associated costs. Additionally, a higher turnover frequency can help mitigate inventory risk by reducing the likelihood of inventory obsolescence or damage due to prolonged storage. Overall, a faster inventory turnover frequency can lead to improved efficiency, lower costs, and reduced inventory risk for a business.
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