scholarly journals An Approach to Real Multi-tier Inventory Strategy and Optimization

2013 ◽  
Vol 6 (7) ◽  
pp. 1178-1183
Author(s):  
Ying Liu
Keyword(s):  
Inventory Strategy

Pemanfaatan Metode K-Means Dalam Penentuan Persediaan Barang

2018 ◽  
Vol 6 (1) ◽  
pp. 41-48
Author(s):  
Santoso Setiawan
Keyword(s):  
Data Mining ◽  
Stock Management ◽  
Transaction Data ◽  
Business People ◽  
Cluster Data ◽  
Data Clusters ◽  
Inventory Strategy ◽  
Transactional Data

Abstract   Inaccurate stock management will lead to high and uneconomical storage costs, as there may be a void or surplus of certain products. This will certainly be very dangerous for all business people. The K-Means method is one of the techniques that can be used to assist in designing an effective inventory strategy by utilizing the sales transaction data that is already available in the company. The K-Means algorithm will group the products sold into several large transactional data clusters, so it is expected to help entrepreneurs in designing stock inventory strategies.   Keywords: inventory, k-means, product transaction data, rapidminer, data mining   Abstrak   Manajemen stok yang tidak akurat akan menyebabkan biaya penyimpanan yang tinggi dan tidak ekonomis, karena kemungkinan terjadinya kekosongan atau kelebihan produk tertentu. Hal ini sangat berbahaya bagi para pelaku bisnis. Metode K-Means adalah salah satu teknik yang dapat digunakan untuk membantu dalam merancang strategi persediaan yang efektif dengan memanfaatkan data transaksi penjualan yang telah tersedia di perusahaan. Algoritma K-Means akan mengelompokkan produk yang dijual ke beberapa cluster data transaksi yang umumnya besar, sehingga diharapkan dapat membantu pengusaha dalam merancang strategi persediaan stok.   Kata kunci: data transaksi produk, k-means, persediaan, rapidminer, data mining.

scholarly journals Research on Inventory Strategy of Spare Parts Based on Demand Rate

2021 ◽  
Vol 1910 (1) ◽  
pp. 012038
Author(s):  
Junbao Geng ◽  
Shuhuan Wei ◽  
Zhangjian Wei
Keyword(s):  
Spare Parts ◽  
On Demand ◽  
Demand Rate ◽  
Inventory Strategy

Enterprise Inventory Management and Simulation

2014 ◽  
Vol 933 ◽  
pp. 874-878
Author(s):  
Yun Rui Wang
Keyword(s):  
Computer Simulation ◽  
Supply Chain ◽  
Inventory Management ◽  
Simulation Software ◽  
Total Cost ◽  
The Third ◽  
Inventory Strategy ◽  
One Year ◽  
The Cost ◽  
Operation Cost

Inventory is an important link in supply chain, according to characteristics and objectives of inventory control, the reasonable safety inventory, order point, the highest inventory and inventory strategy were determined based on historical sales data. Using Witness simulation software, the optimal strategy was selected from nine inventory strategies by running simulation model for one year. If goods shortage was allowing, the seventh schemes (72000,158100) was better ,the minimum total cost was 888158 yuan ; considering allowing a small amount of shortage, the cost of eighth schemes ( 82000,158100) was least of 1095167; the third scenarios (92000,138100) was selected if without shortage, and the minimum total cost was 1254909 yuan. This shows, the application of computer simulation to assist in the management of inventory is scientific and feasible, it can help enterprises to save the order and operation cost.

Financial Dependence, Lean Inventory Strategy, and Firm Performance

2017 ◽  
Vol 53 (2) ◽  
pp. 22-38 ◽  
Author(s):  
Isaac Elking ◽  
John-Patrick Paraskevas ◽  
Curtis Grimm ◽  
Thomas Corsi ◽  
Adams Steven
Keyword(s):  
Firm Performance ◽  
Inventory Strategy

scholarly journals NYKAA: A Comprehensive Analysis of a Leading Indian E-Commerce Cosmetic Company

2021 ◽  
pp. 254-265
Author(s):  
Suchitra ◽  
Ramesh Pai
Keyword(s):  
Performance Analysis ◽  
Rapid Growth ◽  
Large Scale ◽  
Comprehensive Analysis ◽  
Analysis Techniques ◽  
Online Trading ◽  
Inventory Strategy ◽  
Rival Firms ◽  
Beauty Products

Purpose: The cosmetics industry is one of the major industries that have attracted many players due to its rapid growth. The cosmetics industry plays an important role in developing the country's economy. This study is being taken up to better understand the contribution of the beauty industry to the development of the country and to evaluate the strategies of these companies. Nykaa is one of the leading companies in the cosmetics industry. It offers various products of different brands on one platform. Its setup by Falguni Nayar in 2012. She anticipated the huge opportunity in online trading in the coming years and converted that opportunity into a big vision. Her decision was not wrong it turned into building a large-scale business. By operating multinational, it attracts customers from various regions. Initially, it started the business by offering beauty products later on diversified with fashion, skincare, luxury products. This study is conducted to evaluate the strategies used by NYKAA to be one of the top companies in E-Commerce. Research Methodology: In this paper, an attempt is made to evaluate financial performance, Competitor’s analysis, CSR, Marketing and Inventory strategy, SWOC framework of Nykaa as a research case study. Findings: From the study, it’s clear that Nykaa is doing very well in E-retailing and gives tough competition to rival firms. Giving a platform to small entrepreneurs to grow along with their successful journey. Originality: Various performance analysis techniques are used to appraise the NYKAA accomplishment. Paper type: Research Case study.

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