Inventory Management and Purchasing

This book is a practical guide to
inventory management for wholesale distributors and stores that supply "hard
goods".

It deals with merchandise
classification and selection, forecasting, safety stocks, replenishment
purchasing, promotions, forward buying, stock adjustments, and supply chain
topics.
It includes many formulas and
over 50 tables and charts that cover all areas of inventory management. Industry data and examples from the author's
auto parts distribution company and other automotive aftermarket firms
illustrate each topic. Many of the
formulas are from IBM, JDA, and other inventory management software packages,
and are reprinted with their permission.
All of these techniques were used to manage inventories in the author's
company for more than 20 years.
The automotive aftermarket deals
with hundreds of thousands of different items and a very high service level
requirement, so these techniques should cover a wide range of hard goods
distribution.
The book also has many anecdotes
and case histories to illustrate the key points. It offers a valuable blend of strong, proven
mathematical techniques and real life examples and experiences.