Smart Inventory Solutions

Smart Inventory Solutions was first published in January 2007, with a second edition released in April 2010. The book was written by Phillip Slater and published by Industrial Press, New York.
The first edition of Smart Inventory Solutions specifically focused on the Inventory Cash Release Process, while the second edition significantly expanded on this to include a wider range of spare-parts inventory management issues.
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History
The first edition of Smart Inventory Solutions was based on an ebook released in 2006, titled Generating Risk Free Cash. This original book was exclusively available as a web download and was an early example of independent online publishing. Industrial Press approached the author about publishing a hard copy version following an appearance at a major maintenance conference.
The second edition significantly expands on the first with almost double the content. This edition covers a wider range of spare-parts inventory management topics.
Chapters (2nd Edition)
: 1. Introduction
: 2. The Mechanics of Inventory Management
: 3. The Financial Impact of Inventory
: 4. People and Processes
: 5. Policies and Procedures
: 6. Issues, Myths and a Few Home Truths
: 7. The Spare Parts Storeroom
: 8. The 7 Actions for Inventory Reduction
: 9. Inventory Process Optimization
: 10. Execution: Taking Action to Achieve Results
: 11. Case Studies
: 12. Where to From Here?
: Bibliography
: Appendix 1: Materials and Inventory Management Glossary
: Appendix 2: Data Collection Questions
: Index
Inventory Process Optimization
One key addition to the second addition of Smart Inventory Solutions is the explanation of the Inventory Process Optimization™ Method. This methodology combines the knowledge of parts usage, procurement and supply chain issues with a review of behaviors and the management processes that drive those behaviors. Thus, the book extends the typical approach to inventory management by including human and behavioral aspects.
Inventory Process Optimization has been specifically developed for application with maintenance, repair and operations, engineering spares and other indirect inventory and materials management. It recognizes and understands the impact of people on inventory outcomes. Therefore, its application involves training a wide range of personnel and influencers to ensure a consistent understanding is developed by those who will ultimately drive the results.
Phillip Slater holds degrees in Mechanical Engineering (University of New South Wales) and Maintenance Management (Monash University). He is a regular contributor to ReliabilityWeb.com, a specialty on-line publishing company focused on providing information to the maintenance and reliability community.
Awards
In 2011, Smart Inventory Solutions, second edition, was a finalist in the RGVA Book Awards.

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