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