Principles of Inventory and Materials Management (4th Edition) [Facsimile] [Paperback]

Richard J. Tersine (Author)

Book Description

ISBN-10: 0134578880 | ISBN-13: 978-0134578880 | Publication Date: August 21, 1993 | Edition: 4

This text/reference addresses the unprecedented changes occurring in manufacturing that are being brought about by quality management philosophy — lower inventory, reduced lead-time, preventive maintenance, and increased emphasis on customer satisfaction. Combining theory and practice, it presents alternative systems (models) for managing materials (inventory) — their use, transformation, distribution, and sale — and their flow to, within, and from the organization. Covers forecasting and marketing analysis; independent demand systems (deterministic models/probabilistic models); discrete demand systems (deterministic models/materials requirements planning - MRP); inventory system changes and limitations; single order quantities; in-process inventory, just-in-time, and theory of constraints; distribution inventory systems; inventory valuation and measurement; simulation; and aggregate inventory control. Content progresses from simple systems to more complex models; numerous examples of solved problems and short case studies explore a variety of situations and organizational settings; and appendices provide additional extensions and supporting logic on particular topics. For practitioners and advanced students involved in operations, inventory control, production control, and physical supply in manufacturing.

Editorial Reviews

From the Publisher

This reference addresses the unprecedented changes occurring in manufacturing that are being brought about by quality management philosophy --lower inventory, reduced lead-time, preventive maintenance, and increased emphasis on customer satisfaction.

From the Back Cover

This text/reference addresses the unprecedented changes occurring in manufacturing that are being brought about by quality management philosophy — lower inventory, reduced lead-time, preventive maintenance, and increased emphasis on customer satisfaction. Combining theory and practice, it presents alternative systems (models) for managing materials (inventory) — their use, transformation, distribution, and sale — and their flow to, within, and from the organization. Covers forecasting and marketing analysis; independent demand systems (deterministic models/probabilistic models); discrete demand systems (deterministic models/materials requirements planning - MRP); inventory system changes and limitations; single order quantities; in-process inventory, just-in-time, and theory of constraints; distribution inventory systems; inventory valuation and measurement; simulation; and aggregate inventory control. Content progresses from simple systems to more complex models; numerous examples of solved problems and short case studies explore a variety of situations and organizational settings; and appendices provide additional extensions and supporting logic on particular topics. For practitioners and advanced students involved in operations, inventory control, production control, and physical supply in manufacturing.

Product Details

• Paperback: 608 pages
• Publisher: Prentice Hall; 4 edition (August 21, 1993)
• Language: English
• ISBN-10: 0134578880
• ISBN-13: 978-0134578880
• Product Dimensions: 9.4 x 6.3 x 1.1 inches
• Shipping Weight: 1.9 pounds (View shipping rates and policies)
• Average Customer Review: 4.3 out of 5 stars  See all reviews (3 customer reviews)
• Amazon Best Sellers Rank: #1,078,375 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

9 of 9 people found the following review helpful:

4.0 out of 5 stars Technical book on inventory management, May 2, 2003

By 

Dave Piasecki (Kenosha, WI United States) - See all my reviews
(REAL NAME)   

This review is from: Principles of Inventory and Materials Management (4th Edition) (Paperback)

I would describe this as a technical book on the science behind inventory management. Much of the book is dedicated to detailing formulas and models used to determine order quantities, lot sizing, demand forecasting, safety stock calculations. Real examples make understanding these complex formulas easier. The book also describes the logic behind MRP and discusses Just-In-Time and Theory of Constraints. I would not recommend this as an introductory book to inventory management but rather a book for those that already have some basic understanding of inventory management and want to take their knowledge to a higher level. I expect to be referring back to this book for years to come.

2 of 2 people found the following review helpful:

5.0 out of 5 stars A book points the right subject at the right place, February 17, 1999

By 

Kyoungbum Park([e-mail]) (Phidelphia, PA) - See all my reviews

This review is from: Principles of Inventory and Materials Management (4th Edition) (Paperback)

As a MRP consultant, This book helped me a lot to prepare user training materials. By placing marketing suject at the beginning, this book points where real-world success on implementing Inventory and Material Manage is coming from. Also has good examples and cases.

4.0 out of 5 stars New Edition, July 18, 2006

By 

Leenda (Asia) - See all my reviews

This review is from: Principles of Inventory and Materials Management (4th Edition) (Paperback)

I like this book because it helps me so much in my teaching. Its really relevant to the content of our course. But unfortunately no new edition and this book is out of print. so i have to borrow this book from the library and renew it again and again.