Inventory Best Practices [Hardcover]

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.

Preface xv

Chapter 1 Success or Failure with Best Practices 1

Types of Best Practices 1

Most Fertile Ground for Best Practices 2

Planning for Best Practices 3

Timing of Best Practices 5

Implementing Best Practices 6

How to Use Best Practices: Best Practice Duplication 9

Why Best Practices Fail 10

Summary 14

Chapter 2 Inventory Purchasing 15

2.1 Include Suppliers in the New Product Design Process 17

2.2 Use Supplier-Concurrent Engineering 18

2.3 Avoid Designing Risky-Procurement Items into Products 18

2.4 Match Product and Part Life Cycles 19

2.5 Reduce Safety Stocks by Shrinking Supplier Lead Times 20

2.6 Purchase Suppll0