Using a clear, organized, and accessible building block approach to managing inventory, this volume offers complete coverage of the basic concepts, calculations, and techniques of inventory. These fundamental techniques, which can be easily applied to handle problems in the workplace, are used to demonstrate current concepts such as lean principles and continuous improvement. Numerous case studies from a variety of industries are provided to illustrate concepts. Additional topics presented include types of inventory, inventory transactions, bills of materials, planning and replenishment, storage and physical control, and supply chain management and technology.

Introduction. Operational Environments. Types of Inventory. Inventory Transactions. Inventory Record Accuracy. Cycle Counting and Physical Inventory. Inventory Planning & Replenishment. Storage and Physical Control. Supply Chain Management. Lean Principles and Continuous Improvement.