Inventory Best Practices (Wiley Best Practices) [Hardcover]

Steven M. Bragg (Author)

Book Description

Publication Date: September 24, 2004 | Series: Wiley Best Practices

The latest best practices for the inventory function
"I don't know how he does it, but Steven Bragg makes reading about a subject such as inventory interesting, informative, and very useful. Reading and implementing even some of the best practices in this book will improve your company. I highly recommend this book for people who deal with inventory and for their managers."
-- Gail W. Sevier, CPA
Member/Manager, Marrs, Sevier & Company LLC
Inventory Best Practices is a powerful tool for selecting best practices that will result in measured improvement in a full range of industry-specific issues and inventory flow concepts.
Nearly 200 best practices from today's leading companies address every phase of inventory activities:
* Purchase
* Receipt
* Storage
* Picking
* Shipment
Inventory Best Practices provides controllers, inventory managers, and CFOs across a broad range of industries with expert methodologies and techniques for driving costs down.

Editorial Reviews

Review

“…a useful addition to the warehousing and inventory literature…” (International Logistics Abstracts, Dec 2004)

From the Inside Flap

By implementing best practices, a company can greatly improve its efficiency of information reporting. However, every company requires a specialized implementation of best practices to help its environment best succeed. Inventory Best Practices is a powerful tool for selecting best practices that will result in measured improvements in a full range of industry-specific issues and inventory flow concepts.

Inventory Best Practices provides nearly 200 best practices that address every phase of a company’s inventory activities–purchasing, receiving, storing, picking, and shipping. The best practices for special functions related to inventory are presented in quickly accessible sections on production, transaction processing, planning, warehouse layout, cost accounting, and even bills of material.

Inventory Best Practices has all the know-how to help companies spend far less time recording inventory transactions, reduce investment in inventory, reduce scrap and obsolete inventory expense, improve the efficiency of the warehouse, and shorten order cycle time. It offers a step-by-step itemization of the work plans to implement each best practice–along with common pitfalls to avoid.

Inventory Best Practices features successful plans to:

• Improve the accuracy of all ongoing inventories
• Configure a warehouse for optimum counting efficiencies
• Establish a minimum of 95% inventory record accuracy
• Maximize the efficiency of inventory tracking systems by shifting selected inventory items into floor stock
• And more!

Inventory Best Practices completes its thorough guidance with a comprehensive list of inventory-related measurements to monitor a company’s progress toward achieving best-practices goals.

For controllers, inventory managers, and CFOs, Inventory Best Practices is an essential reference for succeeding in business today.

See all Editorial Reviews

Product Details

• Hardcover: 304 pages
• Publisher: Wiley; 1 edition (September 24, 2004)
• Language: English
• ISBN-10: 047167625X
• ISBN-13: 978-0471676256
• Product Dimensions: 9.1 x 6 x 1.1 inches
• Shipping Weight: 1.2 pounds (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #1,054,670 in Books (See Top 100 in Books)

More About the Author

The primary question I receive is, why would anyone write so many accounting books? The story began in the early 1990s, when my former boss, Jan Roehl-Anderson, asked me to assist in taking over a book called Controllership from Jim Willson (correct spelling), who had been maintaining the book since the early 1950s. I liked the experience, and even found it relaxing (I must have issues!).

So... I had an idea for another book, called Just-in-Time Accounting, which the publisher accepted, and which got me on the track of doing management accounting books. Most accounting books up to that point had primarily dealt with accounting principles and not how to management the department, so this was a rich area for new books.

The Accounting Best Practices book, which is one of the top-selling accounting books in the country, started when I was bouncing around ideas for new books with one of my editors, John DeRemigis. He suggested the accounting best practices idea, and I said, "nah, there's not enough material." Four editions later and over 400+ pages long, it appears that he was right and I was wrong.

Writing became more intense in 2005, when John Wiley & Sons recommended me to the authors of the Wiley GAAP Guide as a new co-author. This is a seriously technical high-end accounting principles guide, and so was nothing like what I had written before. My first assignment was adding a hundred or so new examples to the book, which was absolutely frantic -- imagine becoming an expert on a really far-out accounting topic in one day, writing an esoteric example, and then hurrying on to an entirely different example the next day.

I have just finished writing Accounting Controls Best Practices, which is chock-full of control points for the most common accounting systems, as well as for best practices upgrades to those systems. And now, it is time for a break, if only for a week.

So... I am heading to the Western Pacific for some serious diving off a live aboard dive boat.

Steve Bragg

Customer Reviews

Most Helpful Customer Reviews

13 of 16 people found the following review helpful:

5.0 out of 5 stars Very organized - fast read - very happy, March 21, 2007

By 

Pacific Trail Books - See all my reviews

This review is from: Inventory Best Practices (Wiley Best Practices) (Hardcover)

I have read close to 5 major books on warehousing, including Excellence in Warehouse Managment. I found most to be little more than books defining warehouse terminology. Bragg has clear ideas to improve warehousing (inventory management). "Nearly 200" says the dustjacket. I'd buy this one again.