Achieving Effective Inventory Management, 6th Edition with EIM Version 3 Spreadsheets!
"Jon Schreibfeder's Achieving Effective Inventory Management is a wonderful, easy-to-read, comprehensive guide to organizing your warehouse, establishing policies and procedures, forecasting future demand of products and planning for the replenishment of stocked items. It is a great tool in helping us overcome our inventory challenges."
—Bill Holt, Operations Manager, A.M. Leonard Co.
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It’s easy to turn cash into inventory . . . the challenge is to turn inventory back into cash!
Achieving Effective Inventory Management – 6th Edition
This is a completely revised and enhanced version of the classic guide for helping wholesaler-distributors achieve the goal of effective inventory management. This latest edition combines new techniques and technologies with time-proven concepts to make your firm as lean as possible while still meeting or exceeding your customers’ expectations of product availability.
The Effective Inventory Management Spreadsheet Set – 4th Edition
This comprehensive set of inventory analysis spreadsheets will allow you to
- identify unusual usage
- forecast future demand of products using the best of nine different formulas
- compare results of safety stock quantities calculated using different methodologies
- develop the appropriate replenishment parameters for different types of products
- perform a comprehensive analysis to determine the necessary inventory investment to achieve your desired level of customer service.
Some of the topics discussed in Achieving Effective Inventory Management include:
- The roles of departments and of individuals in achieving effective inventory management
- What products should be stocked in each location
- Challenges in stocking material to be resold and maintenance, repairs and operations (MRO) inventory
- Enhanced forecasting logic, including considering promotions, trends, weather and event-based seasonality, as well as collaborative information from customers, salespeople and management
- Differences in maintaining products with sporadic and recurring usage
- Determining when the stock of each item should be replenished
- Intelligently deciding how much you should buy or make
- Effectively using safety stock to balance customer service and your investment in stock inventory
- When to utilize distribution centers and central warehouses
- How you determine whether a product in a specific location should be replenished with a transfer from another location or purchased from a vendor
- Manufacturing Requirements Planning (MRP)
- Distribution Requirements Planning (DRP)
Key new features that make the Version 4 Spreadsheets different and improved:
- Simulator for observing how modifying parameters affect the adjusted margin and profitability
- Simulator for observing how modifying parameters affect the line point and order point
- Simulator for observing how modifying parameters affect the economic order quantities
- Vendor rebate analysis
- Additional capabilities for calculating safety stock quantities
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