Smart Inventory Solutions: Improving the Management of Engineering Materials and Spare Parts
Industrial Press Inc., 2010 - 257 pages
Engineers and reliability professionals are increasingly being held accountable for materials and spare parts inventory management and in response they need to gain a better understanding of materials and spare parts inventory management principles and practices. This practical book delivers just that.
This new edition will help you get the right parts, in the right place, at the right time, for the right reason. Fully revised, it provides specific coverage of the issues faced in, and requirements for, managing engineering materials and spare parts and what to do to improve your results. It includes 29 exclusive examples and real life case studies to demonstrate the application of the concepts and ideas so that you will easy and quickly understand how to implement them. What's more it will show you: What to do to truly optimize your inventory holdings, Why inventory levels are almost always too high, How to identifying the factors that have greatest impact on your inventory levels, When to apply the 7 Actions for Inventory Reduction, Where to focus your efforts for greatest effect, and Who to involve in taking action. The concepts, ideas, tools, and processes in this book have helped many companies achieve and sustain results that other inventory tools and approaches just could not match. And it is sure to help you achieve true inventory optimization as well!
The second edition includes...
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Introduction to Smart Inventory Solutions
The Mechanics of Inventory Management
The Normal or Gaussian Distribution
The Financial Impact of Inventory
People and Processes
Issues Myths and a Few Home Truths
The Spare Parts Storeroom
Inventory Process Optimization
Execution Taking Action to Achieve Results
Taking Action to Achieve Results
Where To From Here?
Data Collection Questions
The 7 Actions for Inventory Reduction