Essentials of Inventory Management and Control has been written
to introduce the (i) new stockroom/warehouse manager; (ii)
non-financial inventory control individual; or (iii) the small
business owner to the fundamental nature of inventory from a
financial, physical, forecasting, and operational standpoint. The
ultimate goal of this book is to present immediately usable information
in the areas of forecasting, physical control and layout,
problem recognition, and resolution. These materials
should enable you to:
• Understand that modern practice discourages holding
large quantities of inventory and encourages only having
amounts on-hand required for current needs.
• Grasp the significance of controlling actual, on-hand inventory
as both a physical object (shelf count) and as an
intangible object (record count and monetary worth).
• Understand the fundamental differences between finished
goods inventories in the retail/distribution sectors
and raw materials and work-in-process inventories
found in the manufacturing environment.