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BASICS OF INVENTORY
MANAGEMENT
From Warehouse to Distribution Center
J. David Viale
This Fifty-Minute™ book is designed to be “read with a pencil.” It is an
excellent workbook for self-study as well as classroom learning. All material is
copyright-protected and cannot be duplicated without permission from the
publisher. Therefore, be sure to order a copy for every training participant through our Web
site, www.axzopress.com.
A Crisp Fifty-Minute
™
Series Book
PREVIEW
NOT FOR PRINTING OR INSTRUCTIONAL USE
BASICS OF INVENTORY
MANAGEMENT
From Warehouse to Distribution Center
J. David Viale
CREDITS
VP, Product Development: Adam Wilcox
Managing Editor: Kathleen Barcos
Production Editor: Genevieve McDermott
Editor: Christopher Carrigan
Typesetting: ExecuStaff
Production Artists: Nicole Phillips and Betty Hopkins
COPYRIGHT © 1996 David Viale.
No part of this work may be reproduced, transcribed, or used in any form or by any means—graphic, electronic, or
mechanical, including photocopying, recording, taping, Web distribution, or information storage and retrieval
systems—without the prior written permission of the publisher.
Visit us online at www.axzopress.com
Trademarks
Crisp Fifty-Minute Series is a trademark of Axzo Press.
Some of the product names and company names used in this book have been used for identification purposes only
and may be trademarks or registered trademarks of their respective manufacturers and sellers.
Disclaimer
We reserve the right to revise this publication and make changes from time to time in its content without notice.
ISBN 10: 1-56052-361-1
ISBN 13: 978-1-56052-361-1
Library of Congress Catalog Card Number 96-83618
Printed in the United States of America
11 12 13 14 09 08
PREVIEW
NOT FOR PRINTING OR INSTRUCTIONAL USE
LEARNING OBJECTIVES FOR:
BASICS OF INVENTORY MANAGEMENT
The objectives for Basics of Inventory Management are listed below.
They have been developed to guide the user to the core issues covered
in this book.
The objectives of this book are to help the user:
1) Learn about inventory management policies and objectives
2) Use inventory management tools and techniques
3) Review financial analysis of inventory management
Assessing Progress
A Crisp Series assessment is available for this book. The 25-item, multiple-
choice and true/false questionnaire allows the reader to evaluate his or her
comprehension of the subject matter.
To download the assessment and answer key, go to www.axzopress.com and
search on the book title.
Assessments should not be used in any employee selection process.cess.
PREVIEW
NOT FOR PRINTING OR INSTRUCTIONAL USE
iv
PREVIEW
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PREVIEW
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PREVIEW
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PREVIEW
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PREVIEW
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PREVIEW
NOT FOR PRINTING OR INSTRUCTIONAL USE
PREVIEW
NOT FOR PRINTING OR INSTRUCTIONAL USE
PREVIEW
NOT FOR PRINTING OR INSTRUCTIONAL USE
PREVIEW
NOT FOR PRINTING OR INSTRUCTIONAL USE
PREVIEW
NOT FOR PRINTING OR INSTRUCTIONAL USE
PREVIEW
NOT FOR PRINTING OR INSTRUCTIONAL USE
PREVIEW
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Inventory mgt

  • 1. BASICS OF INVENTORY MANAGEMENT From Warehouse to Distribution Center J. David Viale This Fifty-Minute™ book is designed to be “read with a pencil.” It is an excellent workbook for self-study as well as classroom learning. All material is copyright-protected and cannot be duplicated without permission from the publisher. Therefore, be sure to order a copy for every training participant through our Web site, www.axzopress.com. A Crisp Fifty-Minute ™ Series Book PREVIEW NOT FOR PRINTING OR INSTRUCTIONAL USE
  • 2. BASICS OF INVENTORY MANAGEMENT From Warehouse to Distribution Center J. David Viale CREDITS VP, Product Development: Adam Wilcox Managing Editor: Kathleen Barcos Production Editor: Genevieve McDermott Editor: Christopher Carrigan Typesetting: ExecuStaff Production Artists: Nicole Phillips and Betty Hopkins COPYRIGHT © 1996 David Viale. No part of this work may be reproduced, transcribed, or used in any form or by any means—graphic, electronic, or mechanical, including photocopying, recording, taping, Web distribution, or information storage and retrieval systems—without the prior written permission of the publisher. Visit us online at www.axzopress.com Trademarks Crisp Fifty-Minute Series is a trademark of Axzo Press. Some of the product names and company names used in this book have been used for identification purposes only and may be trademarks or registered trademarks of their respective manufacturers and sellers. Disclaimer We reserve the right to revise this publication and make changes from time to time in its content without notice. ISBN 10: 1-56052-361-1 ISBN 13: 978-1-56052-361-1 Library of Congress Catalog Card Number 96-83618 Printed in the United States of America 11 12 13 14 09 08 PREVIEW NOT FOR PRINTING OR INSTRUCTIONAL USE
  • 3. LEARNING OBJECTIVES FOR: BASICS OF INVENTORY MANAGEMENT The objectives for Basics of Inventory Management are listed below. They have been developed to guide the user to the core issues covered in this book. The objectives of this book are to help the user: 1) Learn about inventory management policies and objectives 2) Use inventory management tools and techniques 3) Review financial analysis of inventory management Assessing Progress A Crisp Series assessment is available for this book. The 25-item, multiple- choice and true/false questionnaire allows the reader to evaluate his or her comprehension of the subject matter. To download the assessment and answer key, go to www.axzopress.com and search on the book title. Assessments should not be used in any employee selection process.cess. PREVIEW NOT FOR PRINTING OR INSTRUCTIONAL USE
  • 4. iv PREVIEW NOT FOR PRINTING OR INSTRUCTIONAL USE
  • 5. PREVIEW NOT FOR PRINTING OR INSTRUCTIONAL USE
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