rel="nofollow" href="#ulink_02d3b498-03b0-50a8-9a87-0a02f54e9e24">Inventory Process Optimization™
Management, Reduction, or Optimization?
Chapter 2 The Mechanics of Inventory Management
Relevant Terms and Expressions
What is the Purpose of Having Inventory?
Why Spares and Indirect Inventory Is Different
An Introduction to the Materials & Inventory Management Cycle
Comparison of Theoretical and Actual Inventory Management and Control
Determining the Re-Order Point (ROP)
Determining the Re-Order Quantity (ROQ)
A Word on Monte Carlo Simulation
Do You Hold Too Much Inventory? Check Your Stock Turn Ratio
Chapter 3 The Financial Impact of Inventory
The Inventory Management Tension
A Simple Model of Business Economics
The Four Financial Reports that You Absolutely Must Understand
How Much Cash Can You Generate?
Chapter 4 People and Processes
Adopting a Zero Inventory Mindset
The Influence of Process
Systems Thinking
The MIM Cycle in Detail
Chapter 5 Policies & Procedures
When is Critical Really Critical?
The Spares Stocking Policy
Chapter 6 Issues, Myths and a Few Home Truths
Why Inventory Reduction Often Fails
Cracking the Inventory Code
5 Myths of Inventory Reduction
Why You Might Hold More Inventory Than You Really Need
Chapter 7 The Spare Parts Storeroom
The Central Hub
Squirrel Stores & Why You Would Be Nuts to Keep Them
MRO and Engineering Spares: Lean, Mean or Somewhere In Between?
Is Your Storeroom a Pit Stop or a Supermarket?
Chapter 8 The 7 Actions for Inventory Reduction
The Bath Tub Principle
Hypothesis Driven Analysis
Double Loop Learning
Action #1: Have Someone Else Hold It and/or Pay For It
Action #2: Sell Excess and Obsolete Stock
Action #3: Eliminate Duplication
Action #4: Change the Factors That Drive Safety Stock
Action #5: Reduce Reorder Stock
Action #6: More Closely Match Delivery with Usage
Action #7: Reduce the Value of Items Held
Chapter 9 Inventory Process Optimization™
Beware Implicit Assumptions
The Inventory Process Optimization™ Method
Stream 1: The Individual Parts Review
• The Inventory Cash Release® Process
• Getting the Focus Right
• When to Apply Which Action
• The Step-By-Step Process
• Example Application of the ICR® Process
• Reviewing the Long Tail
Stream 2: The Management Process Review
Chapter 10 Execution: Taking Action to Achieve Results
Selecting Your Inventory Review Champion
