Inventory Best Practices - Hardcover

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STEVEN M. BRAGG, CPA, has been the chief financial officer or controller of four companies, as well as a consulting manager at Ernst & Young and auditor at Deloitte. He is the author of over thirty books primarily targeted toward controllers, treasurers, CFOs, and their needs. Bragg received a master's degree in finance from Bentley College, an MBA from Babson College, and a bachelor's degree in economics from the University of Maine.

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"Inventory Best Practices, Second Edition offers a remarkable range of insights into managing and accounting for inventory and material handling for all product focused industries. Extensively detail coverage of best inventory and warehouse management techniques is combined with an extensive overview of cost management and accounting techniques. The ultimate insights offered include product and facility planning details that often determine the magnitude of costs in manufacturing and retail operations that are reflected in inventoried costs. An essential reference for any professional in a product or distribution focused company or business role."
Barrett Peterson, CPA, Manager, Accounting Standards, Procedures, & Analysis, TTX

"Despite all of the attention given to inventory issues over the past twenty years, most companies still struggle with how to identify and implement best practices. Steve has managed to produce the best-organized and documented presentation to date. It is so thorough and detailed that it could be used as a project plan to solve or avoid virtually any inventory problem. I don't see how an inventory manager or planner, even a CEO or CFO, could not make significant improvements by following his guidelines."
Rick Feltenberger, Principal, The Supply Chain Center

Whether you are a controller, CFO, purchasing manager, warehouse manager, or engineering manager, if you're looking for a comprehensive, easy-to-read guide to fixing those all-too-common shortcomings in your inventory department, look no further than Inventory Best Practices, Second Edition.

Brimming with hundreds of fixes, many of them requiring surprisingly little time or cost, this practical guide provides inventory professionals with a handy guide to common implementation pitfalls. It is an invaluable book for every business wanting to enhance its existing processes, whether that be due to growth in their business or just as part of their ongoing improvement process.

The resource you'll turn to again and again, Inventory Best Practices, Second Edition presents a number of new, actionable best practices that will yield dramatic inventory process improvements within your organization.

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Offering the latest and most important information on advanced techniques and strategies, Inventory Best Practices, Second Edition helps you ensure that proper controls are in place to keep costs down.

Now with a new chapter describing the impact of constraint management systems on inventory, this benchmark resource shows you how to gain a sweeping view of the scope of inventory best practices into all aspects of your company.

This Second Edition has been fully updated to include twenty-nine new best practices on:

• Distinguishing between different types of distressed merchandise for disposal purposes

• Improving partner relationships

• Shifting outsourced production to local suppliers

• Warehouse reduction analysis

• Component profiling to reduce inventory levels

• Relocating suppliers on-site

• Demand forecast sharing with suppliers

• Product footprint analysis on pallets

• Review of limited shelf-life items

• Modifying the safety stock calculation

• Sequencing incoming supplier parts to match the production line

• Reverse logistics

Inventory Best Practices, Second Edition will not only show you how to spend far less time recording inventory transactions but will also demonstrate how your business can shorten its order cycle time. Whether you've been searching for ways to shrink inventory expense, or just want to enhance the efficiency of the warehouse, look no further?Inventory Best Practices, Second Edition is here.