7 Best Inventory Management Books Ever Written

Do you want to streamline the operations of inventory control in the warehouse? In this article, we will show you the 7 best inventory management books to read.

What is Inventory Management?

Many people think inventory management is a clerical task but they're absolutely wrong. Achieving effective inventory management requires the examination of all aspects of inventory management such as,

1. Basic Inventory Control: deals with basic knowledge of inventory management such as inventory forecasting, inventory ordering policy, review cycle, safety stock policy and inventory operations.

2. Inventory Accuracy: focuses on how to manage and reconcile the difference between the inventory record in the computer system and actual inventory in a warehouse. Inventory accuracy helps demand planners to make a more accurate demand forecast and reduce lost sales.

3. Inventory Strategy: how to formulate a sound inventory management strategy that balances cost versus service level for both short and long term planning.

4. Material Management: how to manage inventory in the manufacturing environment which may include forecasting, lot sizing, production planning and safety stock (this is also known as production and inventory management.)

5. Warehouse Management: the good flow of materials inside a warehouse is crucial for modern inventory management. Basic warehouse operations such as cargo receipt, cargo storage and layout planning, order picking, order packing and order shipping are covered here.

6. Warehouse Safety: this subject has become more and more important due to labor and regulatory issues. Modern warehouse safety also includes the use of visual control like in lean manufacturing.

7. Distribution Management: deals with the delivery of finished products inventory to the end customers including stock and ordering systems. Sometimes, it also includes some aspect of transportation management such as fleeting planning and vehicle routing.

The Ranking of Inventory Management Books

To provide readers and inventory professionals with the list of inventory management books that they can use to create a positive change in their organizations, we conduct the data collection as below,

- Firstly, we pull out the list of books available on Amazon.com that are related to inventory management and inventory control to ensure that we get the best books on the market.

- Secondly, we conduct a literature survey of the books based on 7 types of inventory control activities we mentioned earlier.

- Thirdly, we conduct citation analysis for the books. Citation count is a metric we use to separate great books from their peers.

- Lastly, we carefully examine the books and make a final cut.

In short, we establish a data collection plan and books are categorized by topics. Then, we use the objective evaluation using citation count as a metric.

7 Best Inventory Management Books are as below:

  1. World-Class Warehousing and Material Handling by Edward Frazelle

  2. Essentials of Inventory Management by Max Muller

  3. Warehouse Management: A Complete Guide to Improving Efficiency and Minimizing Costs in the Modern Warehouse by Gwynne Richards

  4. Inventory Accuracy: People, Processes, & Technology by David J. Piasecki

  5. Introduction to Materials Management by Steve Chapman et al

  6. Supply Chain Network Design: Applying Optimization and Analytics to the Global Supply Chain by Michael Watson et al

  7. Warehouse Safety: A Practical Guide to Preventing Warehouse Incidents and Injuries by George Swartz

What are your favorite inventory management books?



References
- Silver, E. A. (1981). Operations research in inventory management: A review and critique. Operations Research, 29(4), 628-645.

- De Koster, R., Le-Duc, T., & Roodbergen, K. J. (2007). Design and control of warehouse order picking: A literature review. European journal of operational research, 182(2), 481-501.


Last review and update: April 20, 2019
About the Editor
Ben Benjabutr is the editor of SupplyChainOpz. He holds an M.Sc. in Logistics Management with 10+ years of experience in various functions in supply chain magement. In his free time, he enjoys reading business and management books. You can connect with him via Twitter, and Quora or drop him a line via e-mail.