Measuring inventory turnover efficiency using stochastic frontier analysis: building materials and hardware retail chains in Norway
نویسندگان
چکیده
Operational efficiency in the retail business is vital order to be profitable a competitive environment. This paper investigates how environmental factors, firm size and time trends are linked inventory performance. We use location data, demographic data 16 years of financial accounting from small medium-sized home improvement retailers explain performance at chain regional level. Traditionally regression model could used assess impact explanatory variables on choose stochastic frontier since turnover productivity. Furthermore, we allow control for key figures such as gross margin, capital intensity sales growth. find that varies depending local market conditions store location. Moreover, increased tends increase efficiency, while trend by affiliation. provides new insights into literature operations- management, suggests managers should consider including factors part their analysis when using an benchmark.
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ژورنال
عنوان ژورنال: International Journal of Systems Science: Operations & Logistics
سال: 2021
ISSN: ['2330-2682', '2330-2674']
DOI: https://doi.org/10.1080/23302674.2021.1964635