Inventory Strategy

Inventory Strategy

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Frazelle, Edward H. McGraw-Hill Education, 2015 Audio summary available
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Lean Manufacturing, Six Sigma, and other high-efficiency/low-cost operational strategies, with their relentless focus on keeping inventory at the lowest possible levels at all times, have been the rage for quite some time. However, these strategies often cause significant stress to supply chain managers and produce mixed results. In Inventory Strategy, supply chain expert Edward H. Frazelle makes the case that the lowest amount of inventory is not always the best amount. He believes that inventory management cannot be viewed as a single, independent entity. Rather, it is part of an optimized business strategy that takes into consideration financial, service, and operational factors in determining the right inventory levels for achieving the best return on investment in any situation at any given time. Frazelle shares how the principles of his RightStock™ model and RightChain™ process can help any business determine the optimum inventory levels for any circumstance.