Inventory Management Strategy of Retail Trade on Revenue Management

ICLEM 2010 ◽  
2010 ◽  
Author(s):  
Changsong Ma ◽  
Hua He ◽  
Louyue Xun
Keyword(s):  
Revenue Management ◽  
Inventory Management ◽  
Management Strategy ◽  
Retail Trade

JIT Inventory Management Strategy

2019 ◽  
pp. 57-74 ◽  
Author(s):  
Alan D. Smith
Keyword(s):  
Supply Chain ◽  
Inventory Management ◽  
Management Strategy ◽  
Economic Order Quantity ◽  
Just In Time ◽  
Order Quantity ◽  
Business World ◽  
Safety Stock ◽  
Operating Process ◽  
Strategic Approach

Implementing a just-in-time (JIT) inventory management strategy seems to be the latest hot topic in the business world, particularly in manufacturing industries. In today's competitive supply chain environment, more and more companies are either adopting JIT methodology or at least beginning to research and understand how JIT would affect their business. But what exactly is JIT? Many companies may be already putting into practice some of the concepts of JIT – such as looking at always improving or trying to reduce waste in terms of product or labor steps. Some companies may be fully ready to embrace a JIT operating process; yet, perhaps JIT is not the best choice for their business. The goal of this chapter is to develop a better understanding of JIT, from this history behind its inception to the various risks and benefits that relate to adopting JIT from an interdisciplinary/strategic approach to a transdisciplinary viewpoint. Those strategies, which include the basic methods of minimum stock, economic order quantity (EOQ), and Safety stock methods, are explored and explained in this chapter.

Management strategies for spasmodic stocks: a Canadian Atlantic redfish fishery case study

2020 ◽  
Vol 77 (4) ◽  
pp. 684-702
Author(s):  
Roberto Licandeo ◽  
Daniel E. Duplisea ◽  
Caroline Senay ◽  
Julie R. Marentette ◽  
Murdoch K. McAllister
Keyword(s):  
Inventory Management ◽  
Management Strategy ◽  
Management Strategies ◽  
Trawl Survey ◽  
Eastern Canada ◽  
Strategy Evaluation ◽  
Management Procedures ◽  
Harvest Control Rule ◽  
Sebastes Mentella

There exist few recommendations for managing stocks with spasmodic recruitment, despite such stocks being not uncommon. Management procedures (MPs), developed for two species of redfish (Sebastes mentella and Sebastes fasciatus) in eastern Canada, are recommended for setting catch limits during periods of high and low abundance. A well-designed fishery-independent trawl survey is essential to provide advance warning of strong recruitment events and project future recruitment. Under an “inventory management” strategy, a more appropriate aim in spasmodic stocks may be to maximize the number of years with “good catches,” instead of maximizing total catches, as is traditionally considered in management strategy evaluation (MSE). Following a spasmodic recruitment event, an empirical harvest control rule based on larger fish delays the harvest of large cohorts by a few years, targets more commercially valuable fish sizes, and reduces the risk of growth overfishing. Capped MPs produced longer periods of large catches than uncapped MPs. MPs allowed for low harvests during periods of low abundance, thus avoiding unnecessary hardship in the industry. MPs evaluated here could be good candidates for other stocks with similar or less extreme recruitment variability.

scholarly journals Reaching Law Based Discrete Time Sliding Mode Inventory Management Strategy

IEEE Access ◽  
2016 ◽  
Vol 4 ◽  
pp. 10051-10058 ◽  
Author(s):  
Andrzej Bartoszewicz ◽  
Pawel Latosinski
Keyword(s):  
Inventory Management ◽  
Discrete Time ◽  
Management Strategy ◽  
Sliding Mode ◽  
Reaching Law

scholarly journals CURRENT STATUS AND CURRENT PROBLEMS OF THE CONSUMER GOODS DELIVERY BY AUTOMOBILE TRANSPORT IN CITIES

2020 ◽  
Vol 3 (156) ◽  
pp. 17-21
Author(s):  
V. Nefyodov ◽  
O. Kalinichenko
Keyword(s):  
Supply Chain ◽  
Inventory Management ◽  
Consumer Goods ◽  
Influential Factors ◽  
Retail Trade ◽  
Current Status ◽  
Organization Management ◽  
Goods Market ◽  
Long Time ◽  
Quantitative Changes

In a market economy, it becomes relevant to improve the organization management. The aim of solving this problem is to reduce the cost of production in order to increase its sales and increase competitiveness in the consumer goods market. The current state of retail trade in Ukraine in terms of the enterprises development their shares in the total volume of trade, the use of business organization advanced principles, experts assess as rapidly developing. Even modern crisis phenomena in the economy are not of the nature that can change the trends in the qualitative transformations of retail trade. The article analyzes the consumer goods market in Ukraine, which is developing most dynamically. It was found that the consumer goods market capacity has more than tripled recently and has a steady tendency towards further growth. At the same time, in addition to quantitative changes, this market is undergoing qualitative changes, which consist in changing the ratio between food and non-food products, as well as in changing the share of trade enterprises commodity circulation. Existing approaches to organizing the supply chain, based on the idea of turnover as a continuous flow of materials, cannot provide the necessary efficiency of the supply chain due to the fact that they do not take into account very influential factors, such as the relatively long time between adjacent deliveries, the likelihood of a return on the products share and forwarding batch supplies. Therefore, the most appropriate is the presentation by the material flow of consumer goods as a partially ordered movement of goods individual discrete components, which are significantly influenced by both internal (rationalization of marketing and logistics assets in the promotion of material flows, rationalization of inventory management systems, the need for redistribution of stocks between parts of the supply chain), and external (competitive environment, social and geopolitical factors, level of service) factors. Keywords: consumer goods, delivery, automobile transport.

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