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It's easy to change cash into inventory ... the challenge is to turn inventory back into cash!
Today most business owners and managers have a different view of their inventory than they had a couple of years ago. There is an urgency to do more with less; to be sure that every dollar invested in inventory is there for a specific purpose; and to remove the "fat" (ie, the unneeded stock) from their stores, warehouses and other facilities where products are maintained.
In this edition of Achieving Effective Inventory Management, the author - Jon Schreibfeder - explores techniques you can use to operate as "lean" as possible. In addition, he guides you in determining whether each segment of your inventory should be managed to maximize cash flow or profit, while still meeting or exceeding your customers' expectations of product availability.
Here's what's discussed:
This book is customized to today's difficult and unpredictable economic times. It also focuses on preparing and strengthening for the recovery. Every challenge provides opportunity. If you streamline your operations and adopt best practices now you will be in great shape to maximize the profitability and productivity in stock inventory in better economic times.
Whether you are an industrial parts manufacturer or distributor in the U.S., a food distributor in Bermuda, a parts distribution manager for a car manufacturer in Japan, or the manager of MRO inventory for a utility in Malaysia, this book should provide you with new ideas you can immediately implement, as well as a course in the fundamentals of inventory control and management.
Table of Contents
