As leading authorities worldwide on setting part stocking levels for safety stocks to
support the production process, the authors have shown that between 25 and 50
percent of the inventory investment is not necessary. Thus the overall objective of
this book is to instruct readers in how to optimize their companys spare parts asset.
This compilation of the best techniques and practices for optimizing MRO inventory
offers numerous case studies showing the best and not so good ways to improve
plant inventory performance. Based on practical solutions to everyday inventory
problems, it uses simple, but useful metrics for setting and monitoring goals.

Covers stocking theory and practice.

Uses the Pareto Principal throughout as the best way to achieve superior results
with a minimum of investment of time by plant personnel.

Includes the following topics: the risks inherent in setting inventory stocking
levels, setting the reorder point, setting the reorder quantity,

determining excess inventory, how to avoid unnecessary purchases of spares,
and how to set and monitor goals for inventory improvement.

CONTENTS

Inventory as an Asset

Assessing Risk

Setting the Reorder Point

Setting the Reorder Quantity

Determining Whats Excess

Avoiding Unnecessary Purchases

Unique Solutions to Everyday Inventory Problems

Setting and Monitoring Goals

Partnering with Others

Some Best Practices and Lessons Learned

Implementation

Please Send Your Order To: R Krishnan

Manager (Information Products)

Allied Publishers Pvt Limited

751 Anna Salai, Chennai 600 002

Email: alliedpublishers@vsnl.com