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Smart Inventory Solutions, by Phillip Slater
Download PDF Smart Inventory Solutions, by Phillip Slater
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Storeroom personnel, procurement, engineers and reliability professionals are increasingly being held accountable for materials and spare parts inventory management and in response they need to gain a better understanding of materials and spare parts inventory management principles and practices. This practical book delivers just that.
This new edition will help you get the right parts, in the right place, at the right time, for the right reason. Fully revised, it provides specific coverage of the issues faced in, and requirements for, managing engineering materials and spare parts and what to do to improve your results.
Importantly, the book includes 29 examples and case studies to demonstrate the application of the concepts and ideas so that you will easy and quickly understand how to implement them.
This edition explains...
- The mechanics of inventory management, a pragmatic review of the management of inventory including the materials and inventory management cycle, comparing theoretical and actual inventory outcomes, discussion on normal and Poisson distribution models, how to determine the re order point, how to determine the re order quantity, and commentary on Monte Carlo simulation.
- The financial impact of inventory, including a discussion of the key reports that need to be understood.
- The influence of policies, procedures, and people.
- The Inventory Cash Release Process™ (ICR®).
- 57 figures and diagrams - 30 of them new and the others all revised and updated and six new tables (with 8 in total).
- Eight new checklists - specifically included as a new tool for the reader and is the result of direct reader requests.
- An expanded glossary.
- Sales Rank: #1984644 in Books
- Published on: 2010-03-15
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x .60" w x 6.00" l, 1.10 pounds
- Binding: Hardcover
- 275 pages
About the Author
For nearly 30 years Phillip Slater has been known for this pragmatic approach to solving problems. This approach is evident through all of his books, including Smart Inventory Solutions and The Optimization Trap, sales of which have extended Phillip's influence to more than 46 countries. Phillip holds degrees in engineering and management, is the Founder of the website SparePartsKnowHow.com, and in 2012 the Logistics Association of Australia presented Phillip with an award for Leadership in Logistics Education. Recently Phillip was described by the MRO Guy podcast as 'truly one of the leaders in the MRO information segment'.Phillip works for a global clientele but chooses to live in Melbourne Australia.
Most helpful customer reviews
1 of 1 people found the following review helpful.
Smart Inventory Solutions - a refreshing read!
By patriciaM
Smart Inventory Solutions was a great find! It is an excellent resource for those looking to understand and optimize inventory, spare parts in particular. It was an easy read, conversational in tone with a wealth of very practical actions including a step wise action plan for inventory optimization and cash savings. I'm a doctoral student and supply chain consultant doing research on spare parts planning and it was refreshing to read a book devoid of difficult to implement theoretical concepts. This book reflects the real world of spare parts challenges. I believe that this book can help the spare parts practitioner make a real difference.
0 of 0 people found the following review helpful.
This is a very good book
By Mandar Mukherjee
The book has explained in a very lucid and easy to read style the various nuances of inventory management and dealt specifically on engineering spares. The author has done a great job and done full justice to the title of this book delivering to the readers the underlying principles of inventory management and optimization.
0 of 0 people found the following review helpful.
helpful
By Shafeeq
this book giving new ideas to optimizing inventory especially spare parts inventory
worth reading
Helping to do inventory management job better.
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