Retail Observer

December 2018

The Retail Observer is an industry leading magazine for INDEPENDENT RETAILERS in Major Appliances, Consumer Electronics and Home Furnishings

Issue link:

Contents of this Issue


Page 15 of 67

RETAILOBSERVER.COM DECEMBER 2018 16 T he bar is set high for inventory control professionals—and well- ordered stock rooms and records are just the beginning. Beyond core tasks such as locating items, you've got to project future business needs, hold down costs, and fix supply chain problems. You need strategic and financial knowledge, and the skills to manage many moving parts. Essentials of Inventory Management is the answer book that practitioners and students rely on. It breaks down the job into easy concepts and concrete steps. Examples, charts, review questions, formulas, and clear explanations help you: • Track inventory costs • Read balance sheets • Calculate gross profit • Set up a locator system • Weigh pros and cons of bar codes and RFID • Factor in replenishment costs • Decide when to get rid of dead stock • Pinpoint system dysfunctions • Mitigate risks in the supply chain • And much more. New chapters in the third edition explain how to purchase inventory, pick the best location for a distribution center, and establish safety precautions for handling inventory. Maintaining physical spaces and databases is only part of your responsibilities. From forecasting to troubleshooting to the fundamentals of finance, this book gives you the tools to optimize efficiency — and drive profits. B O O K R E V I E W ESSENTIALS OF INVENTORY MANAGEMENT 3 rd Edition Author: Max Muller is an attorney, businessman, and consultant who has been chief executive officer or chief operating officer for companies distributing products ranging from food to ATMs to safety equipment. An authorized general industry outreach trainer for the U.S. Occupational Safety and Health Administration (OSHA), his 3,000+ seminars, webinars, podcasts, and audioconferences throughout the United States, England, and Canada have drawn more than 100,000 attendees. He is also the author of several books on inventory control, human resources management, and OSHA. Publisher: AMACOM RO

Articles in this issue

Links on this page

Archives of this issue

view archives of Retail Observer - December 2018