Inventory Support System for Retail Shop

Inventory policy for dense retail outlets

A potential retail operations strategy is to have a ‘‘dense’’ store. That is, a store that combines high product variety with a small footprint. Retail management desires smaller stores to provide the strategic benefits of convenience and speed to customers, but desires larger stores to provide high product variety. Noting the benefits of smaller, more numerous stores, several retailers well kn...

The Geography of Retail Inventory

Optimization-based Decision Support System for Retail Sourcing

Some of the biggest challenges in the retail sourcing lie in predicting demand for a new article and making purchase decisions such as quantity, source, transportation mode and time of the order. Such decisions become more complex and time consuming as the number of SKUs and suppliers increase. The thesis addresses the issue of managing retail sourcing using forecasting and optimization based d...

A Decision Support System for Integrated Inventory Management

any organizations have wrestled with the issues of inventory locations and stocking levels. When it is critical to have inventory available for customers, the traditional approach has been to place a large amount of inventory at all locations. Carrying an excessive amount of inventory achieves a high service level, but can be enormously costly, especially if the product has a high cost per unit...

Retail Inventory Productivity: Analysis and Benchmarking

Retail inventory productivity is of considerable interest to retailers, manufacturers and distributors who service them, and stock market analysts. Inventory turnover is frequently used to measure inventory productivity. We find wide variation in inventory turnover across retailers and over time. The causes of this variation have not been studied systematically to our knowledge. We develop a lo...