From the Inside Flap
This book first written in 1978 has become an inventory management classic. The first book was written based on Bernie Smith's experience at American Hardware Supply...now a $4 billion distribution giant combining the resources of True Value and ServiStar.
Bernie revised this book based on his consulting work in over 400 companies worldwide. The new revised book is a must read for any manager charged with the inventory management goals of customer service and inventory turnover. It includes detailed descriptions of the newest Focus Forecasting(r) formulas along with new concepts of safety time, replenishment time, and stock/nonstock decision making. It provides practical insights into supply chain management procedures.
About the Author
Bernie Smith is a world renowned consultant in the profitable use of computers, systems, and programming in business. His career can be divided into three parts . . . Director of Information Systems Planning and Manager of Marketing Science at Warnaco the fashion apparel conglomerate . . . Vice President Inventory Control and Long Range Planning at ServiStar/Tru Value a 3 billion dollar hardware/lumber distributor ... Consultant at BTSmith and Associates visiting over 500 companies in different parts of the world. Power Planning is a distillation of those experiences. It describes a process companies can use to create practical long range plans and hard hitting operating plans.
The concepts in his books Focus Forecasting Computer Techniques for Inventory Control, Focus Forecasting and DRP Logistics Tools of the 21st Century and Power Planning for Business have been used by 100's of business and government groups to improve customer service, to improve return on assets, to reduce cost of goods sold, and to reduce operating costs.
