Inventory Management Handbook: The comprehensive guide to practical inventory management

The Inventory Management Handbook (IMH) has been developed over many years to bridge the gap between theory and practice. It provides a comprehensive reference for inventory management practitioners and students. It covers the range of independent demand systems as well as Material Requirements Planning (MRP) in manufacturing and maintenance. Case studies for the implementation of alternate systems such as Just in Time (JIT), consignment stock and vendor managed inventory are included to show how they are implemented. The IMH also covers a wide range of inventory related topics such as forecasting, stocktaking, cataloguing and spares criticality assessment (SCAS). The IMH is based on the Inventory Management course notes developed for Central Queensland University distance education and enhanced over the ten years the course was conducted. It is therefore easily followed with worked examples of the many algorithms encountered in inventory management. The IMH has been further expanded to include relevant case studies of companies such as Aristocrat Technologies, BHP, Comalco, ICI, Mincom and Kenworth, the most up-to-date inventory management developments as well as a glossary and Normal Distribution table.