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
