Best Practice in Inventory Management

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Summary: Stock problems? Look no further....
Review: If you work in stock control, sales, purchasing, or production planning and really do not have a clue where to start in order to maximise the profitability of your inventory (both raw materials and finished goods), then there is no better place to start than with this book. It gives much practical advice that is easy to implement in real business life and emphasises the genuine cost savings and improved cashflow that can be gained.

What I like most about the boook is its structure - it starts with the basics (why inventory control is important financially), and takes you through basic forecasting methods to more advanced levels (e.g. double exponential smoothing). You can implement most of the advice in Excel or similar spreadsheet. I am no mathematician and I must admit I found some of the formulas difficult to understand at first, but please do not be put off - perserverence will pay dividends and you will see this perseverence hit the bottom line!

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Summary: very practical
Review: Pragmatic view to inventory management

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Summary: An extremely helpful book, full of good ideas.
Review: This book has helped us organize our inventory management in a way that promises to lead to much better cash flow and customer satisfaction. The author provides an excellent introduction to the use of statistical methods in inventory management

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Summary: This book is useful.
Review: This book is useful. It is expected, however, to be revised in some points. There are some miss specifications in terminologies and in some chapters, explanations are not good enough to understand the equations or methods the auther used.