Effective inventory management can increase revenue, reduce costs, and help to reach KPI targets. The Inventory Toolkit is an indispensable guide for operations management professionals who are looking to improve the effectiveness of the inventory management and Material Resource Planning (MRP) functions within their organizations. Looking beyond the complexity and theory of inventory management, Geoff Relph and Catherine Milner focus on the most important decisions managers need to make when managing inventory and achieving targets set in the boardroom.
The Inventory Toolkit examines how inventory management should work, how to control it, and how to balance it through the use of the revolutionary k-curve methodology. This comprehensive second instalment of Inventory Management includes case studies from diverse industries such as retail and aerospace, and contains worked examples and regular exercises which illustrate how the inventory tools can be used in an operational setting. Accompanying online resources include Excel workbooks with ready-to-use formulae, which encourage the reader to experiment with the data and gain a better understanding of the practical effects of each formula.
Geoff Relph has extensive experience in inventory and business systems management in the operational, consulting and academic sectors. He is an associate lecturer at the Warwick Manufacturing Group, University of Warwick, UK, and delivers modules for the MSc Programme in the UK and internationally.
Catherine Milner is a chartered engineer and project manager with experience working in aerospace, petrochemicals and telecommunications. She has managed many successful projects on electronic data exchange with customers, forecasting, MRP, supply chain management, and business process re-engineering. She is a managing consultant, and a visiting lecturer at the University of Warwick.