Thursday, August 16, 2007

Track an item’s real life and its paper life

Books of Account
Essentials of Inventory Management
Max Muller

You should only have the minimum amount of inventory on hand required for either production or distribution, but be careful not to purchase small quantities over and over again, advises Max Muller in Essentials of Inventory Management ( ). “Buying small amounts frequently will lead to an excessive cost of replenishment, the R factor,” he reasons.

The book, aimed at the new stockroom/warehouse manager, non-financial inventory control individual, and the small business owner, presents ‘immediately usable information in the areas of forecasting, physical control and layout, problem recognition, and resolution’.

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