Products related to Inventory:
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The Logistics and Supply Chain Toolkit : Over 100 Tools for Transport, Warehousing and Inventory Management
The Logistics and Supply Chain Toolkit provides practical tools for warehouse, inventory and transport managers and students to help them tackle the challenges of logistics and supply chain management.It is full of practical ideas and information to optimise the management of logistics and supply chain processes.The Logistics and Supply Chain Toolkit offers solutions and plans spanning across a variety of sub-disciplines such as warehousing, logistics, supply chain management, inventory and outsourcing.Each toolkit addresses key principles within its area of discipline, providing the reader with a precision approach to be used in complex and sensitive circumstances.The toolkit presents a number of major management tools such as Fortna's Product Flow Smart Design, SMART, DMAIC and Gantt charts.General management, performance management and problem-solving tools have also been included to provide a broader, transferable scope of tools for the reader.
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The Logistics and Supply Chain Toolkit : Over 100 Tools for Transport, Warehousing and Inventory Management
The Logistics and Supply Chain Toolkit provides practical tools and ideas to optimize the management of logistics and supply chain processes. The fourth edition is fully updated to feature the latest frameworks and topics, including robotics and blockchain in logistics and how to measure the return on investment for these technologies.It offers solutions and plans spanning across a variety of functions such as warehousing, logistics, supply chain management, inventory and outsourcing.General management, performance management and problem-solving tools are also included to provide a broader, transferable scope of tools for the reader. Each toolkit addresses key principles within its area of discipline, providing the reader with a precision approach to be used in complex and sensitive circumstances.The Logistics and Supply Chain Toolkit is an essential resource of practical tools and information for warehouse, inventory and transport managers and students to help them tackle the challenges of logistics and supply chain management.Online resources contain downloadable content, including supply chain audits and supply chain strategy decision charts.
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Application of Optimization in Production, Logistics, Inventory, Supply Chain Management and Block Chain
The evolution of industrial development since the 18th century is now experiencing the fourth industrial revolution. The effect of the development has propagated into almost every sector of the industry. From inventory to the circular economy, the effectiveness of technology has been fruitful for industry. The recent trends in research, with new ideas and methodologies, are included in this book. Several new ideas and business strategies are developed in the area of the supply chain management, logistics, optimization, and forecasting for the improvement of the economy of the society and the environment. The proposed technologies and ideas are either novel or help modify several other new ideas. Different real life problems with different dimensions are discussed in the book so that readers may connect with the recent issues in society and industry. The collection of the articles provides a glimpse into the new research trends in technology, business, and the environment.
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Intermodal Freight Transport and Logistics
Applying sophisticated management techniques to freight transport offers the potential for significant cost savings as well as greater efficiency.Yet the inherent complexity of intermodal transport presents many challenges. This practical textbook on the operations of intermodal transport and logistics focuses on the practical concerns and the basics of operations, such as vehicles, containers, handling operations, logistics management and optimisation.All chapters are written by field specialists, and the volume includes additional chapters on economics, law and the environment to put the practical topics into context. It presents a balanced textbook for postgraduate students and also a reference text for those in industry or the public sector involved in the planning of intermodal freight transport.
Price: 45.99 £ | Shipping*: 0.00 £
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What are inventory and inventory holding costs?
Inventory refers to the goods and materials held by a business for the purpose of resale or production. Inventory holding costs, also known as carrying costs, are the expenses associated with holding and storing inventory. These costs can include expenses such as storage, insurance, obsolescence, and the opportunity cost of tying up capital in inventory. Managing inventory and minimizing inventory holding costs is important for businesses to optimize their cash flow and profitability.
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How does an increase in inventory turnover frequency affect inventory costs and inventory risk?
An increase in inventory turnover frequency typically leads to lower inventory costs as it indicates that inventory is being sold and replenished more quickly, reducing the need for excess inventory storage and associated costs. Additionally, a higher turnover frequency can help mitigate inventory risk by reducing the likelihood of inventory obsolescence or damage due to prolonged storage. Overall, a faster inventory turnover frequency can lead to improved efficiency, lower costs, and reduced inventory risk for a business.
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What is the beginning inventory and ending inventory here?
The beginning inventory is the amount of inventory available at the start of a specific period, typically a fiscal year or accounting period. The ending inventory, on the other hand, is the amount of inventory remaining at the end of the same period. By comparing the beginning and ending inventory levels, a company can determine how much inventory was used or sold during that period.
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What is the meaning of periodic inventory and perpetual inventory?
Periodic inventory refers to a system where a physical count of inventory is conducted at specific intervals, such as monthly or annually, to determine the quantity on hand and the cost of goods sold. On the other hand, perpetual inventory is a system that continuously tracks inventory levels in real-time using technology such as barcode scanners and RFID tags. This system provides up-to-date information on inventory levels, cost of goods sold, and helps in managing stock levels efficiently.
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Inventory Analytics : Prescriptive Analytics in Supply Chains
This textbook provides a practice-oriented introduction into Analytics-based inventory management in complex supply chains.In the context of Business Analytics, we concentrate on Prescriptive Analytics.In addition to standard single-level inventory models also multi-level approaches for the optimal allocation of safety inventory are presented.Moreover, dynamic lot sizing problems under random demand and random yield and their relationship to Material Requirements Planning (MRP) are discussed.The models and algorithms are illustrated with the help of numerous examples. The book has been written for students of Supply Chain Management and Operations Management as well as for practitioners who are confronted with inventory management in their daily work.
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Inventory Control
This third edition, which has been fully updated and now includes improved and extended explanations, is suitable as a core textbook as well as a source book for industry practitioners.It covers traditional approaches for forecasting, lot sizing, determination of safety stocks and reorder points, KANBAN policies and Material Requirements Planning.It also includes recent advances in inventory theory, for example, new techniques for multi-echelon inventory systems and Roundy's 98 percent approximation.The book also considers methods for coordinated replenishments of different items, and various practical issues in connection with industrial implementation. Other topics covered in Inventory Control include: alternative forecasting techniques, material on different stochastic demand processes and how they can be fitted to empirical data, generalized treatment of single-echelon periodic review systems, capacity constrained lot sizing, short sections on lateral transshipments and on remanufacturing, coordination and contracts.As noted, the explanations have been improved throughout the book and the text also includes problems, with solutions in an appendix.
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Inventory of Doubts
Godfrey describes how looking at art from the past makes us hunger for a civilization that might no longer be thriving amidst a greater desensitization and insular mass behavior.Furthermore, we are left to meditate on how we may just be on our own in the universe to even a higher degree than before because our attention and enthusiasm seems directed to the unmentioned gadgetry of modern human beings.
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Excellence in Freight Transport : How to Better Manage Domestic and International Logistics Transport
Price: 16.95 £ | Shipping*: 3.99 £
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What is the difference between inventory increase and inventory decrease?
Inventory increase refers to the situation where the amount of goods or materials in stock has grown, either due to new purchases, production, or other factors. This can be a positive sign of business growth, but it can also tie up capital and increase storage costs. On the other hand, inventory decrease occurs when the amount of goods or materials in stock has decreased, either due to sales, usage, or other factors. This can be a sign of strong demand and efficient operations, but it can also lead to stockouts and lost sales if not managed properly. Both inventory increase and decrease are important to monitor and manage in order to maintain a healthy balance and meet customer demand.
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Does the inventory in accounting not match the target inventory?
If the inventory in accounting does not match the target inventory, it could indicate potential issues such as theft, errors in recording transactions, or discrepancies in the physical counting of inventory. It is important to investigate the root cause of the discrepancy and take corrective actions to reconcile the inventory. This may involve conducting a physical inventory count, reviewing transaction records, and implementing better inventory management practices to prevent future discrepancies. Regular monitoring and reconciliation of inventory can help ensure accurate accounting records and prevent potential losses.
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What are the difficulties in the freight transport and logistics specialist qualification?
The freight transport and logistics specialist qualification can be challenging due to the complex and constantly changing nature of the industry. Specialists need to have a deep understanding of supply chain management, transportation regulations, and customs procedures. Additionally, they must be skilled in using various software and technologies to optimize logistics operations. Keeping up with the latest industry trends and regulations also requires continuous learning and adaptation. Lastly, the job often involves managing multiple stakeholders and coordinating various aspects of the supply chain, which requires strong communication and organizational skills.
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Does a high inventory level negatively impact profit during the inventory?
A high inventory level can negatively impact profit during the inventory period. This is because holding excess inventory ties up capital that could be used for other investments or operational expenses. Additionally, high inventory levels can lead to increased storage and carrying costs, as well as the risk of obsolescence or spoilage. It can also result in markdowns or discounts to move excess inventory, which can impact profit margins. Therefore, it is important for businesses to carefully manage their inventory levels to optimize profitability.
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