Products related to Inventory:
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The Logistics and Supply Chain Toolkit : Over 100 Tools for Transport, Warehousing and Inventory Management
The Logistics and Supply Chain Toolkit provides practical tools for warehouse, inventory and transport managers and students to help them tackle the challenges of logistics and supply chain management.It is full of practical ideas and information to optimise the management of logistics and supply chain processes.The Logistics and Supply Chain Toolkit offers solutions and plans spanning across a variety of sub-disciplines such as warehousing, logistics, supply chain management, inventory and outsourcing.Each toolkit addresses key principles within its area of discipline, providing the reader with a precision approach to be used in complex and sensitive circumstances.The toolkit presents a number of major management tools such as Fortna's Product Flow Smart Design, SMART, DMAIC and Gantt charts.General management, performance management and problem-solving tools have also been included to provide a broader, transferable scope of tools for the reader.
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The Logistics and Supply Chain Toolkit : Over 100 Tools for Transport, Warehousing and Inventory Management
The Logistics and Supply Chain Toolkit provides practical tools and ideas to optimize the management of logistics and supply chain processes. The fourth edition is fully updated to feature the latest frameworks and topics, including robotics and blockchain in logistics and how to measure the return on investment for these technologies.It offers solutions and plans spanning across a variety of functions such as warehousing, logistics, supply chain management, inventory and outsourcing.General management, performance management and problem-solving tools are also included to provide a broader, transferable scope of tools for the reader. Each toolkit addresses key principles within its area of discipline, providing the reader with a precision approach to be used in complex and sensitive circumstances.The Logistics and Supply Chain Toolkit is an essential resource of practical tools and information for warehouse, inventory and transport managers and students to help them tackle the challenges of logistics and supply chain management.Online resources contain downloadable content, including supply chain audits and supply chain strategy decision charts.
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Inventory Control
This third edition, which has been fully updated and now includes improved and extended explanations, is suitable as a core textbook as well as a source book for industry practitioners.It covers traditional approaches for forecasting, lot sizing, determination of safety stocks and reorder points, KANBAN policies and Material Requirements Planning.It also includes recent advances in inventory theory, for example, new techniques for multi-echelon inventory systems and Roundy's 98 percent approximation.The book also considers methods for coordinated replenishments of different items, and various practical issues in connection with industrial implementation. Other topics covered in Inventory Control include: alternative forecasting techniques, material on different stochastic demand processes and how they can be fitted to empirical data, generalized treatment of single-echelon periodic review systems, capacity constrained lot sizing, short sections on lateral transshipments and on remanufacturing, coordination and contracts.As noted, the explanations have been improved throughout the book and the text also includes problems, with solutions in an appendix.
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Inventory of Doubts
Godfrey describes how looking at art from the past makes us hunger for a civilization that might no longer be thriving amidst a greater desensitization and insular mass behavior.Furthermore, we are left to meditate on how we may just be on our own in the universe to even a higher degree than before because our attention and enthusiasm seems directed to the unmentioned gadgetry of modern human beings.
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What are inventory and inventory holding costs?
Inventory refers to the goods and materials held by a business for the purpose of resale or production. Inventory holding costs, also known as carrying costs, are the expenses associated with holding and storing inventory. These costs can include expenses such as storage, insurance, obsolescence, and the opportunity cost of tying up capital in inventory. Managing inventory and minimizing inventory holding costs is important for businesses to optimize their cash flow and profitability.
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How does an increase in inventory turnover frequency affect inventory costs and inventory risk?
An increase in inventory turnover frequency typically leads to lower inventory costs as it indicates that inventory is being sold and replenished more quickly, reducing the need for excess inventory storage and associated costs. Additionally, a higher turnover frequency can help mitigate inventory risk by reducing the likelihood of inventory obsolescence or damage due to prolonged storage. Overall, a faster inventory turnover frequency can lead to improved efficiency, lower costs, and reduced inventory risk for a business.
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What is the beginning inventory and ending inventory here?
The beginning inventory is the amount of inventory available at the start of a specific period, typically a fiscal year or accounting period. The ending inventory, on the other hand, is the amount of inventory remaining at the end of the same period. By comparing the beginning and ending inventory levels, a company can determine how much inventory was used or sold during that period.
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What is the meaning of periodic inventory and perpetual inventory?
Periodic inventory refers to a system where a physical count of inventory is conducted at specific intervals, such as monthly or annually, to determine the quantity on hand and the cost of goods sold. On the other hand, perpetual inventory is a system that continuously tracks inventory levels in real-time using technology such as barcode scanners and RFID tags. This system provides up-to-date information on inventory levels, cost of goods sold, and helps in managing stock levels efficiently.
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Application of Optimization in Production, Logistics, Inventory, Supply Chain Management and Block Chain
The evolution of industrial development since the 18th century is now experiencing the fourth industrial revolution. The effect of the development has propagated into almost every sector of the industry. From inventory to the circular economy, the effectiveness of technology has been fruitful for industry. The recent trends in research, with new ideas and methodologies, are included in this book. Several new ideas and business strategies are developed in the area of the supply chain management, logistics, optimization, and forecasting for the improvement of the economy of the society and the environment. The proposed technologies and ideas are either novel or help modify several other new ideas. Different real life problems with different dimensions are discussed in the book so that readers may connect with the recent issues in society and industry. The collection of the articles provides a glimpse into the new research trends in technology, business, and the environment.
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An Inventory for the Nation
On 2 August 1908, Alexander Ormiston Curle, a 41-year-old solicitor and antiquarian, set off by bicycle from the Borders fishing village of St Abbs on a mission to inspect 'all the ancient monuments of Scotland'.Three months later, he announced that his first survey, of the County of Berwickshire, was complete. 'I have inspected over 200 objects' he wrote 'and written up notes on them.My bicycle has carried me almost 300 miles; five times only have I hired a trap and twice a motor car.The number of miles I have tramped by moorland and meadow I have no reckoning of but they are many.It has never been anything but the most intense pleasure to me'. Curle was the first Secretary of the Royal Commission on the Ancient and Historical Monuments of Scotland: tasked by letters patent of Edward VII with making an 'inventory' of sites and constructions 'connected with or illustrative of the culture of the people of Scotland from earliest times'.At the Commission's very first meeting it was decided that the only way to create this inventory was for staff to go out into the field to see the nation's ancient structures with their own eyes.It is a task that is still ongoing today. An Inventory for the Nation is the remarkable story of the pursuit of this vision.It follows the Royal Commission over the course of a century, tracing the impact of everything from the motor car, powered flight, and two World Wars, to digital technology, the new millennium and the internet. And it explores how a task which was first pursued by one man on a bicycle has become, 107 years later, the permanent and enduring work of a national institution.
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Inventory Optimization : Models and Simulations
In this book . . . Nicolas Vandeput hacks his way through the maze of quantitative supply chain optimizations.This book illustrates how the quantitative optimization of 21st century supply chains should be crafted and executed. . . . Vandeput is at the forefront of a new and better way of doing supply chains, and thanks to a richly illustrated book, where every single situation gets its own illustrating code snippet, so could you. --Joannes Vermorel, CEO, Lokad Inventory Optimization argues that mathematical inventory models can only take us so far with supply chain management.In order to optimize inventory policies, we have to use probabilistic simulations.The book explains how to implement these models and simulations step-by-step, starting from simple deterministic ones to complex multi-echelon optimization. The first two parts of the book discuss classical mathematical models, their limitations and assumptions, and a quick but effective introduction to Python is provided.Part 3 contains more advanced models that will allow you to optimize your profits, estimate your lost sales and use advanced demand distributions.It also provides an explanation of how you can optimize a multi-echelon supply chain based on a simple—yet powerful—framework.Part 4 discusses inventory optimization thanks to simulations under custom discrete demand probability functions. Inventory managers, demand planners and academics interested in gaining cost-effective solutions will benefit from the "do-it-yourself" examples and Python programs included in each chapter. Events around the book Link to a De Gruyter Online Event in which the author Nicolas Vandeput together with Stefan de Kok, supply chain innovator and CEO of Wahupa; Koen Cobbaert, Director in the S&O Industry practice of PwC Belgium; Bram Desmet, professor of operations & supply chain at the Vlerick Business School in Ghent; and Karl-Eric Devaux, Planning Consultant, Hatmill, discuss about models for inventory optimization. The event will be moderated by Eric Wilson, Director of Thought Leadership for Institute of Business Forecasting (IBF):https://youtu.be/565fDQMJEEg
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Best Practice in Inventory Management
Best Practice in Inventory Management 3E offers a simple, entirely jargon-free and yet comprehensive introduction to key aspects of inventory management.Good management of inventory enables companies to improve their customer service, cash flow and profitability.This text outlines the basic techniques, how and where to apply them, and provides advice to ensure they work to provide the desired effect in practice.With an unrivalled balance between qualitative and quantitative aspects of inventory control, experienced consultant Tony Wild portrays the many ways in which stock management is more nuanced than simple "number crunching" and mathematical modelling.This long-awaited new edition has been substantially and thoroughly updated. The product of decades of experience and expertise in the field, Best Practice in Inventory Management 3E provides students and professionals, even those with no prior experience in the area, an unbiased and honest picture of what it takes to effectively manage stocks in a firm.
Price: 36.99 £ | Shipping*: 0.00 £
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What is the difference between inventory increase and inventory decrease?
Inventory increase refers to the situation where the amount of goods or materials in stock has grown, either due to new purchases, production, or other factors. This can be a positive sign of business growth, but it can also tie up capital and increase storage costs. On the other hand, inventory decrease occurs when the amount of goods or materials in stock has decreased, either due to sales, usage, or other factors. This can be a sign of strong demand and efficient operations, but it can also lead to stockouts and lost sales if not managed properly. Both inventory increase and decrease are important to monitor and manage in order to maintain a healthy balance and meet customer demand.
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Does the inventory in accounting not match the target inventory?
If the inventory in accounting does not match the target inventory, it could indicate potential issues such as theft, errors in recording transactions, or discrepancies in the physical counting of inventory. It is important to investigate the root cause of the discrepancy and take corrective actions to reconcile the inventory. This may involve conducting a physical inventory count, reviewing transaction records, and implementing better inventory management practices to prevent future discrepancies. Regular monitoring and reconciliation of inventory can help ensure accurate accounting records and prevent potential losses.
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Does a high inventory level negatively impact profit during the inventory?
A high inventory level can negatively impact profit during the inventory period. This is because holding excess inventory ties up capital that could be used for other investments or operational expenses. Additionally, high inventory levels can lead to increased storage and carrying costs, as well as the risk of obsolescence or spoilage. It can also result in markdowns or discounts to move excess inventory, which can impact profit margins. Therefore, it is important for businesses to carefully manage their inventory levels to optimize profitability.
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What is an inventory?
An inventory is a detailed list of all the goods or materials held by a business or organization. It includes information such as the quantity, value, and location of each item. Inventories are essential for businesses to keep track of their assets, monitor stock levels, and ensure efficient operations. Proper inventory management helps businesses avoid stockouts, reduce carrying costs, and improve overall profitability.
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