Inventory Best Practices - Hardcover

by Steven M. Bragg (Author)

The latest and most important information for best practices in the inventory function

Inventory Best Practices, Second Edition offers the latest and most important information on advanced techniques and strategies to improve on the accuracy of all ongoing inventories, configure a warehouse for optimum counting efficiencies, and more.

• Explains the difference between different types of distressed merchandise for disposal purposes
• Shows how to maximize the efficiency of inventory tracking systems by shifting selected inventory items into floor stock
• Examines inventory picking, storage, transactions as well as warehouse layouts, and inventory measurement

Inventory Best Practices, Second Edition will not only show professionals how to cut their business costs but will demonstrate how to optimize their company's effectiveness as well.

Front Jacket

INVENTORY Best Practices

SECOND EDITION

Offering the latest and most important information on advanced techniques and strategies, Inventory Best Practices, Second Edition helps you ensure that proper controls are in place to keep costs down.

Now with a new chapter describing the impact of constraint management systems on inventory, this benchmark resource shows you how to gain a sweeping view of the scope of inventory best practices into all aspects of your company.

This Second Edition has been fully updated to include twenty-nine new best practices on:

• Distinguishing between different types of distressed merchandise for disposal purposes
• Improving partner relationships
• Shifting outsourced production to local suppliers
• Warehouse reduction analysis
• Component profiling to reduce inventory levels
• Relocating suppliers on-site
• Demand forecast sharing with suppliers
• Product footprint analysis on pallets
• Review of limited shelf-life items
• Modifying the safety stock calculation
• Sequencing incoming supplier parts to match the production line
• Reverse logistics

Inventory Best Practices, Second Edition will not only show you how to spend far less time recording inventory transactions but will also demonstrate how your business can shorten its order cycle time. Whether you've been searching for ways to shrink inventory expense, or just want to enhance the efficiency of the warehouse, look no further--Inventory Best Practices, Second Edition is here.

Author Biography

STEVEN M. BRAGG, CPA, has been the chief financial officer or controller of four companies, as well as a consulting manager at Ernst & Young and auditor at Deloitte. He is the author of over thirty books primarily targeted toward controllers, treasurers, CFOs, and their needs. Bragg received a master's degree in finance from Bentley College, an MBA from Babson College, and a bachelor's degree in economics from the University of Maine.