Is there a benefit to sharing market sales information? Linking theory and practice
Is there a benefit to sharing market sales information? Linking theory and practice
复制标题
分享市场销售信息有什么好处?
DOI:
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发表时间:
2023
期刊:
影响因子:
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通讯作者:
Maurizio Delvecchio
中科院分区:
文献类型:
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作者:
Luci Cavallo;A. Acquafredda;C. Zecchino;Maurizio Delvecchio
Using a real-life data set, we investigate the benefit of sharing market sales information in a setting where a theoretical model argues there is no benefit from such a collaboration scheme. The set of real Electronic Point Of Sales (EPOS) data and the orders that were placed by a retailer to a suppler was used. We have focused on products that operate under an every day low price strategy. To measure the benefit of the second echelon player the Standard Deviation of the Prediction Errors (SDPE) is used as this is linearly related to inventory costs. It is revealed that the second echelon player can reduce its SDPE by between 8 – 19% by exploiting the shared EPOS data, suggesting that there is a benefit to information sharing. Furthermore, it is proposed that the noise element that is originally contained in the EPOS series is the major source of the information sharing benefit.