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Chapter 1 Introduction to Smart Inventory Solutions 1
Achieving True Inventory Optimization 1
Inventory: The Forgotten Investment 2
Inventory Process Optimization™ 4
Management, Reduction, or Optimization? 4
Generating Lasting Results 7
Chapter 2 The Mechanics of Inventory Management 9
Simple not Simplistic 9
Materials or Inventory? 10
Relevant Terms and Expressions 10
What is the Purpose of Having Inventory? 12
Why Spares and Indirect Inventory Is Different 13
An Introduction to the Materials & Inventory Management Cycle 15
Comparison of Theoretical and Actual Inventory Management and Control 16
Determining the Re-Order Point (ROP) 19
Determining the Re-Order Quantity (ROQ) 26
A Word on Monte Carlo Simulation 29
Do You Hold Too Much Inventory? Check Your Stock Turn Ratio 29
Chapter 3 The Financial Impact of Inventory 33
Don't Overcompensate 33
The Inventory Management Tension 34
Cash Is King 35
A Simple Model of Business Economics 35
The Four Financial Reports that You Absolutely Must Understand 40
How Much Cash Can You Generate? 43
Chapter 4 People and Processes 49
The People Factor 49
Adopting a Zero Inventory Mindset 54
The Influence of Process 55
Systems Thinking 56
The MIM Cycle in Detail 58
Chapter 5 Policies & Procedures 63
When is Critical Really Critical? 63
The Spares Stocking Policy 68
Chapter 6 Issues, Myths and a Few Home Truths 77
Why Inventory Reduction Often Fails 77
Cracking the Inventory Code 78
5 Myths of Inventory Reduction 82
Why You Might Hold More Inventory Than You Really Need 89
Chapter 7 The Spare Parts Storeroom 97
The Central Hub 97
Squirrel Stores & Why You Would Be Nuts to Keep Them 98
MRO and Engineering Spares: Lean, Mean or Somewhere In Between? 106
Is Your Storeroom a Pit Stop or a Supermarket? 114
Chapter 8 The 7 Actions for Inventory Reduction 117
The Bath Tub Principle 117
Hypothesis Driven Analysis 118
Double Loop Learning 119
Action #1 Have Someone Else Hold It and/or Pay For It 121
Action #2 Sell Excess and Obsolete Stock 127
Action #3 Eliminate Duplication 132
Action #4 Change the Factors That Drive Safety Stock 136
Action #5 Reduce Reorder Stock 141
Action #6 More Closely Match Delivery with Usage 145
Action #7 Reduce the Value of Items Held 149
Chapter 9 Inventory Process Optimization™ 153
Beware Implicit Assumptions 153
The Inventory Process Optimization™ Method 155
Stream 1 The Individual Parts Review 158
The Inventory Cash Release® Process
Getting the Focus Right
When to Apply Which Action
The Step-By-Step Process
Example Application of the ICR® Process
Reviewing the Long Tail
Stream 2 The Management Process Review 182
Chapter 10 Execution: Taking Action to Achieve Results 183
Selecting Your Inventory Review Champion 185
The Role of Your Inventory Review Champion 187
Who to Involve in an Inventory Review Program 188
The Three Stages of an Inventory Process Optimization™ Program 189
Measuring Your Progress 202
Integrating New Inventory Items 203
Integrating Inventory Process Optimization™ with Inventory Management 205
Chapter 11 Case Studies 209
Case Study 1 Establishing a Materials and Inventory Management System 211
Case Study 2 Applying the Inventory Process Optimization™ Method 217
Chapter 12 Where To From Here? 225
Bibliography 231
Appendix A Materials and Inventory Management Glossary 233
Appendix B Data Collection Questions 251
Index 255
| Price | Condition | Delivery | Seller | Action |
| $99.99 | Digital |
| WonderClub |
Angelos Metaxas
reviewed Smart Inventory Solutions: Improving the Management of Engineering Materials and Spare Parts on September 23, 2018
Smart Inventory Solutions: Improving the Management of Engineering Materials and Spare Parts
This is a very very comprehensive summary of lean.
It covers every aspect of lean and most importantly through this toolbox, I get to know huge amount of excellent books within operation management and General management.
It is a good starting point to further drill down to different element by following the reference books.
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Add Smart Inventory Solutions: Improving the Management of Engineering Materials and Spare Parts, Virtually a brand new book, this new and much larger edition features a tighter focus on engineering materials and maintenance spares inventory, while providing broader coverage of the issues faced in managing this inventory. It will be useful to anyone i, Smart Inventory Solutions: Improving the Management of Engineering Materials and Spare Parts to the inventory that you are selling on WonderClubX
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Add Smart Inventory Solutions: Improving the Management of Engineering Materials and Spare Parts, Virtually a brand new book, this new and much larger edition features a tighter focus on engineering materials and maintenance spares inventory, while providing broader coverage of the issues faced in managing this inventory. It will be useful to anyone i, Smart Inventory Solutions: Improving the Management of Engineering Materials and Spare Parts to your collection on WonderClub |