Inventory Management Principles, Concepts and Techniques
The goal of Inventory Management will be to explain the dynamics of inventory management's principles, concepts, and techniques as they relate to the entire supply chain (customer demand, distribution, and product transformation processes). The interrelat
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Materials Management I Logistics Series Eugene L. Magad, Series Editor Previously vublished by Chavman & Hall
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INVENTORY MANAGEMENT: Principles, Concepts and Techniques
by John W. Toomey
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Kluwer Academic Publishers Boston/ Dordrecht / London
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Electronic Services
L ibrary of Congress Cataloging-in-Publication Toomey, John W., 1932Inventory management: principles, concepts and techniques / by John W. Toomey. p. em. -- (Materials management/logistics series) Includes bibliographical references and index. ISBN 0-7923-8324-9 1. Inventory control. I. Title. II. Series. TSI60.T662000 658.7'87--dc21 00-025875 Copyright
© 2000 by Kluwer Academic Publishers.
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CONTENTS
PREFACE / ix
1. OVERVIEW / 1 Inventory Management Defined / Inventory Functions / 3 Inventory Goals / 4 Functional Classifications / 5 Independent and Dependent Demand / 7 Inventory Systems / 8 Case Study / 9
2. COST CONCEPTS / 13 Cost Accounting / 13 Variance Analysis / 14 Activity-Based Costing / 15 LIFO and FIFO / 17 Inventory Valuation / 19 Inventory-Profit Relationship / 21 Accounting-Based Decisions / 22 Case Study / 23
3. FORECASTING / 29 Forecast Reasoning / 29 Principles of Forecasting / 29 Demand Patterns / 30 Forecasting Methods / 31 System Design / 32 Forecasting Techniques / 33 Error Measurement / 38 Tracking Signal / 40 Demand Filter / 41 Case Study / 41
