Inventory Management isn't easy. If it were, more companies would be good at it. But being competent at managing your inventory isn't all that difficult either. It just requires that you invest the time to develop an understanding of the factors that should be affecting your inventory management decisions. Then use this understanding to start to put together the calculations and decision logic you will use to manage your inventory. Explained. Calculations for forecasting, lot sizing, and safety stock are well known to the inventory management community, but are generally not understood to the level necessary to effectively use them. This lack of understanding results in incomplete calculations, incorrect inputs, flawed logic, or a fall-back to less effective, keep-it-simple approaches. Inventory Management Explained helps readers build a solid understanding of the key planning aspects of inventory management. It does this by clearly explaining what inventory management is, but then goes well beyond typical inventory management books by tearing apart the calculations and logic we use in inventory management and exposing the hidden (or not so hidden) flaws and limitations. It then builds on this by showing readers how they can use their understanding of inventory management and their specific business needs to modify these calculations or develop their own calculations to more effectively manage their inventory. The emphasis on practical solutions means readers can actually use what they've learned. For those new to inventory management, the author includes highly detailed explanations and numerous examples. Instead of archaic mathematical syntax, the author explains the calculations in plain English and uses Excel formulas and spreadsheet examples for many of them. For the experienced practitioner, the author provides insights and a level of detail they likely have not previously experienced. Overall, Inventory Management Explained does actually explain inventory management, and in doing so, exposes the good, the bad, and the ugly aspects of it. But more importantly, it leaves the readers knowing enough to be able to start making smart decisions about how they manage their inventory. Topics covered include: - History-based forecasting methods including Exponential Smoothing, Adaptive Smoothing, Moving Average, and Weighted Moving Average. - Seasonality Indexes , Trend Adjustments, and Forecast Overrides. - Excel's Regression Analysis tool, Forecast Function, and Solver Add-in. - Why Keep-it-simple methods for calculating safety stock don't work. - The Normal Distribution model and why it applies to safety stock calculations. - How to modify your safety stock calculation to account for your forecast, lead time, and order cycles. - What EOQ is, where it came from, and what all the numbers mean. - What goes into Order Cost and Carrying Cost. - Setting up an order quantity calculation in Excel that takes into account Quantity Discounts. - Dealing with seasonality and trend in your order quantity calculations. - Periodic Review, Fixed Order Point, Min-Max, Multi-bin, Kanban, and ordering systems that directly utilize your forecast. - The real difference between Push Systems and Pull Systems. - Materials Requirements Planning (MRP) and Distribution Requirements Planning (DRP) - Gross Requirements, Net Requirements, Planned Orders, Bills of Materials, Routings, Master Production Scheduling (MPS) - How to put together an effective Fair-Share Distribution system. - Fill Rates, On-Time Delivery, ABC stratification, Out-of-stock analysis, Excess and Obsolete inventory.

Inventory Management Explained: A focus on Forecasting, Lot Sizing, Safety Stock, and Ordering Systems.

David J. Piasecki

Business & Money

OPS Publishing

Most businesses that carry inventory will experience space issues at some point in time. It s important to understand how to make the most of the space you have. While storage equipment and material handling equipment can be an essential part of making the most of the space you have, there is more to it than just equipment. Saving Warehouse Space explains storage capacity. Not just theoretical capacity (how much you can potentially store), but more importantly, the book explains utilization and working capacity. Without an understanding of utilization and working capacity, you may be making the wrong equipment and layout decisions. In addition, Saving Warehouse Space explains how choices related to pick faces and slotting impact utilization and working capacity. And, of course, Saving Warehouse Space covers equipment choices and options for aisle widths. Going to narrow or very narrow aisles can provide significant space savings, but you need to make sure you are making the right choices for your specific facility. Saving Warehouse Space even covers lower-cost options to go very narrow aisle. Topics Covered Include: Difference between Theoretical Capacity and Working Capacity. Understanding difference between Pick Face and Slot, and why this is important. Fixed Slots versus Dynamic Slots. Understanding Locator Systems and the benefits of using. Understanding difference between high-density and selective storage. Calculating Effective Capacity of bulk pallet storage. Options for narrow aisles. Various equipment options for saving warehouse space. Storing inventory off site. Order quantities and inventory reduction. How ROI calculations may need to be adjusted based on space limitations. Strategies for seasonality.

Saving Warehouse Space: Equipment, Methods, Strategies, and a little Math

Inventory accuracy starts with an understanding of the conditions under which errors occur and ends with error-resistant processes, intelligent use of technology, a well-trained and highly motivated workforce, and an ongoing process of continuous improvement. In between, there s cycle counting, root cause analysis, process evaluation, user interface design, procedures, employee training, accountability, control methods, process checks, audits, exception reporting, transaction techniques, measurement, counting methods, bar codes, RF systems, speech-based technology, light systems, and software. Inventory Accuracy: People, Processes, & Technology covers all of these topics and more in a comprehensive treatment of the subject of inventory accuracy in distribution, fulfillment, and manufacturing environments. In addition to documenting the standard tools and techniques used to achieve accuracy, the author provides insights as to why many of the standard solutions don't provide the best results and offers alternative methods. The focus on practical solutions that take into account the sometimes-conflicting priorities that affect accuracy, results in an approach that not only looks good on paper, but more importantly, works in the real world. This second edition of Inventory Accuracy provides updates to technology topics.

Inventory Accuracy: People, Process, & Technology (Second Edition)

Inventory Management isn't easy. If it were, more companies would be good at it. But being competent at managing your inventory isn't all that difficult either. It just requires that you invest the time to develop an understanding of the factors that should be affecting your inventory management decisions. Then use this understanding to start to put together the calculations and decision logic you will use to manage your inventory. Explained. Calculations for forecasting, lot sizing, and safety stock are well known to the inventory management community, but are generally not understood to the level necessary to effectively use them. This lack of understanding results in incomplete calculations, incorrect inputs, flawed logic, or a fall-back to less effective, keep-it-simple approaches. Inventory Management Explained helps readers build a solid understanding of the key planning aspects of inventory management. It does this by clearly explaining what inventory management is, but then goes well beyond typical inventory management books by tearing apart the calculations and logic we use in inventory management and exposing the hidden (or not so hidden) flaws and limitations. It then builds on this by showing readers how they can use their understanding of inventory management and their specific business needs to modify these calculations or develop their own calculations to more effectively manage their inventory. The emphasis on practical solutions means readers can actually use what they've learned. For those new to inventory management, the author includes highly detailed explanations and numerous examples. Instead of archaic mathematical syntax, the author explains the calculations in plain English and uses Excel formulas and spreadsheet examples for many of them. For the experienced practitioner, the author provides insights and a level of detail they likely have not previously experienced. Overall, Inventory Management Explained does actually explain inventory management, and in doing so, exposes the good, the bad, and the ugly aspects of it. But more importantly, it leaves the readers knowing enough to be able to start making smart decisions about how they manage their inventory. Topics covered include: - History-based forecasting methods including Exponential Smoothing, Adaptive Smoothing, Moving Average, and Weighted Moving Average. - Seasonality Indexes , Trend Adjustments, and Forecast Overrides. - Excel's Regression Analysis tool, Forecast Function, and Solver Add-in. - Why Keep-it-simple methods for calculating safety stock don't work. - The Normal Distribution model and why it applies to safety stock calculations. - How to modify your safety stock calculation to account for your forecast, lead time, and order cycles. - What EOQ is, where it came from, and what all the numbers mean. - What goes into Order Cost and Carrying Cost. - Setting up an order quantity calculation in Excel that takes into account Quantity Discounts. - Dealing with seasonality and trend in your order quantity calculations. - Periodic Review, Fixed Order Point, Min-Max, Multi-bin, Kanban, and ordering systems that directly utilize your forecast. - The real difference between Push Systems and Pull Systems. - Materials Requirements Planning (MRP) and Distribution Requirements Planning (DRP) - Gross Requirements, Net Requirements, Planned Orders, Bills of Materials, Routings, Master Production Scheduling (MPS) - How to put together an effective Fair-Share Distribution system. - Fill Rates, On-Time Delivery, ABC stratification, Out-of-stock analysis, Excess and Obsolete inventory.

See the best price to sell, buy, or rent books by David J. Piasecki. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by David J. Piasecki

See the best price to sell, buy, or rent books by David J. Piasecki. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Inventory Management Explained: A focus on Forecasting, Lot Sizing, Safety Stock, and Ordering Systems.

Saving Warehouse Space: Equipment, Methods, Strategies, and a little Math

Inventory Accuracy: People, Process, & Technology (Second Edition)

Inventory Management Explained: A focus on Forecasting, Lot Sizing, Safety Stock, and Ordering Systems.