The invaluable resource?is the answer book that practitioners and students rely on. It breaks down the job into easy concepts and concrete steps.The bar is set high for inventory control professionalsand 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.With examples, charts, review questions, formulas, and clear explanations, Essentials of Inventory Management will help you:Track inventory costsRead balance sheetsCalculate gross profitSet up a locator systemWeigh pros and cons of bar codes and RFIDFactor in replenishment costsDecide when to get rid of dead stockPinpoint system dysfunctionsMitigate risks in the supply chainMaintaining physical spaces and databases are only part of your responsibilities. From forecasting to troubleshooting to the fundamentals of finance, Essentials of Inventory Management gives you the tools to optimize efficiencyand drive profits.