Publisher's Synopsis
As the management consultants, our basic philosophy has been to promote "Lean Management" principles that are fundamentally based on "Toyota Production System (TPS)". It aims at elimination of wastes. There are seven kinds of waste. Of these, "Inventory" constitutes one of the most damaging wastes. Toyota calls, "Inventory is Devil!".
While undertaking various reforms projects, in most cases we felt that there is a knowledge gap in understanding and managing the inventory. By going through this book readers would find an answer to eventually every kind of query concerning Inventory or Warehouse Management. The book has nicely captured the concepts behind 'Why to keep inventory', 'how dose it rise almost unknowingly', mechanism of inventory control & its effect on business performance, risks involved both in terms of cost as well as quality. It extensively explains the ways and means to reduce stock across the supply chain by deploying innovative management practices like making appropriate use of Sales information, deploying Pull System of production & material distribution and timely action on bad stock.
