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More and more, engineers and reliability professionals are being held accountable for materials and spare parts inventory management. Smart Inventory Solutions provides these professionals with a better understanding of materials and spare parts inventory management principles and practices.
It will help individuals to get the right parts, in the right place, at the right time ‐ and for the right reasons. This fully revised edition provides specific coverage of the issues faced in, and requirements for, managing engineering materials and spare parts as well as what to do to improve results. It includes 29 examples and case studies to demonstrate the application of the concepts and ideas within.
It will show readers: what to do to truly optimize your inventory holdings; why inventory levels are almost always too high; how to identifying the factors that have greatest impact on your inventory levels; when to apply the 7 Actions for Inventory Reduction; where to focus efforts for the greatest effect; who to involve in taking action.
The concepts, ideas, tools, and processes in this book are sure to help the reader achieve true inventory optimization.