Publisher's Synopsis
Inventory is one of the largest investments that a company may have, and so is worthy of continual examination to maximize the return from this asset. It is of critical importance to ensure that funds are only used for the exact inventory items needed to further an organization's goals. All other inventory is a liability, since it soaks up excess cash and is in danger of becoming obsolete. In Inventory Management, we explore a broad range of alternatives that can be used to precisely target the use of inventory, while minimizing the inventory investment. The topics covered include inventory strategy, materials forecasting, production processes, warehouse management, product design, the supply chain, and more - essentially all areas of a business that touch upon the inventory asset.
