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Supply Chain Management January 8, 2019

New Resource for Inventory Control Professionals

Essentials of Inventory Management, Third Edition by Max Muller (January 8, 2019) goes beyond core tasks such as locating items. It also helps these professionals project future business needs, hold down costs, and fix supply chain problems. This new guide is the answer book that practitioners and students rely on. It breaks down the job into easy concepts and concrete steps. Examples, charts, review questions, formulas, and clear explanations abound.

Essentials of Inventory Management details how inventory control professionals can:

Track inventory costs
Read balance sheets
Calculate gross profit
Set up a locator system
Weigh pros and cons of bar codes and RFID
Factor in replenishment costs
Decide when to get rid of dead stock
Pinpoint system dysfunctions
Mitigate risks in the supply chain

New chapters in Essentials of Inventory Management explain how to purchase inventory, pick the best location for a distribution center, and establish safety precautions for handling inventory.

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