Product Description

As leading authorities worldwide on setting part stocking levels for safety stocks to support the production process, the authors have shown that between 25 and 50 percent of the inventory investment is not necessary. Thus the overall objective of this book is to instruct readers in how to optimize their company’s spare parts asset. This compilation of the best techniques and practices for optimizing MRO inventory offers numerous case studies showing the best and not so good ways to improve plant inventory performance. Based on practical solutions to everyday inventory problems, it uses simple, but useful metrics for setting and monitoring goals.

Distinctive Features
- Covers stocking theory and practice.
- Uses the Pareto Principal throughout as the best way to achieve superior results with a minimum of investment of time by plant personnel.
- Includes the following topics: the risks inherent in setting inventory stocking levels, setting the reorder point, setting the reorder quantity, determining excess inventory, how to avoid unnecessary purchases of spares, and how to set and monitor goals for inventory improvement.

Product Details

• Amazon Sales Rank: #1042909 in Books
• Published on: 2005-08-15
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 350 pages

About the Author
Consultant. Eugene has a degree in Chemical Engineering and has taught at University of Virginia.

Customer Reviews

Inventory Solutions review
This book provides a review of what this company can do for you, I don't see any other help besides of that.
The company goes through cases were this company have been working on in the past. Only well known formulas are provided.