Measuring the impact of inaccurate inventory information on a retail outlet
Measuring the impact of inaccurate inventory information on a retail outlet
复制标题
衡量不准确的库存信息对零售店的影响
DOI:
10.1108/09574090610717527
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发表时间:
2006
期刊:
影响因子:
--
通讯作者:
Justin Hunter
中科院分区:
文献类型:
--
作者:
M. Waller;H. Nachtmann;Justin Hunter
Purpose – This research aims to consider the impact of common inventory system inaccuracies that occur in retail outlets on the inventory levels, fill rate, and service level of those outlets by simulating daily customer demand and random error in the inventory system.Design/methodology/approach – The simulation experiments vary the amount of inventory system error, the frequency of inventory record error correction, the size of the daily demand, the number of days in the replenishment system's review interval, and the replenishment system's customer service level.Findings – Inventory system error and the frequency with which the error is corrected are statistically significant for fill rate and service level. Thus, inaccuracies in inventory levels affect a retail outlet's ability to service its customers, though at the single SKU level, the results do not indicate a practical impact due to countervailing effects.Practical implications – Retail outlets must be aware that error exists and can influence the...