of Your Inventory Review Champion
Who to Involve in an Inventory Review Program
The Three Stages of an Inventory Process Optimization™ Program
Measuring Your Progress
Integrating New Inventory Items
Integrating Inventory Process Optimization™ with Inventory Management
Chapter 11 Case Studies
Case Study 1: Establishing a Materials and Inventory Management System
Case Study 2: Applying the Inventory Process Optimization™ Method
Chapter 12 Where To From Here?
Bibliography
Appendix A: Materials and Inventory Management Glossary
Appendix B: Data Collection Questions
Index
Need More Information?
Tables
Chapter 2: The Mechanics of Inventory Management
2-1Relevant Terms and Expressions
Chapter 3: The Financial Impact of Inventory
3-1The Impact of Reduced Inventory
3-2Examples of Actions and Their Impact
Chapter 7: The Spare Parts Storeroom
7-1Comparison of Demand Data
7-2Results for Scenario 1
Chapter 9: Inventory Process Optimization™
9-1Categories for Spares Inventory
Chapter 11: Case Studies
11-1Issues and Mitigation Actions
11-2Management Issues Identified
Figures
Chapter 2: The Mechanics of Inventory Management
2-1The Materials and Inventory Management (MIM) Cycle
2-2The Classic Theoretical Saw Tooth Diagram
2-3Actual Component Demand/Supply Chart
2-4The Normal or Gaussian Distribution
Chapter 3: The Financial Impact of Inventory
3-1The Traditional Inventory Tension
3-3Example of the Asset Section of a Balance Sheet
3-4Example of a Calculation Sheet
Chapter 4: People and Processes
4-1Simplified Supply Chain
4-2The MIM Cycle
Chapter 5: Policies and Procedures
5-1Confidence Level for Spares Availability
5-2Spares Category Decision Tree
5-3Spares Stocking Policy Checklist
Chapter 7: The Spare Parts Storeroom
7-1Demand Profile Without a Squirrel Store
7-2Demand Profile With a Squirrel Store
7-3Average Inventory Increases 264% with a Squirrel Store
7-4The Principles of Lean Thinking
Chapter 8: The 7 Actions for Inventory Reduction
8-1The Bath Tub Principle
8-2Double Loop Vs. Single Loop Learning
8-3The ‘7 Actions for Inventory Reduction’
8-4Action #1
8-5Action #2
8-6Action #4
8-7Action #5
8-8Action #6
8-9Action #7
Chapter 9: Inventory Process Optimization™
9-1The Inventory Process Optimization™ Method
9-2Cumulative Value Curve
