Benefits of RFID technology for reducing inventory shrinkage

Benefits of RFID technology for reducing inventory shrinkage
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DOI:
10.1016/j.ijpe.2013.05.007
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发表时间:
2014
影响因子:
12
通讯作者:
T. Fan;Xiangyun Chang;Chunhua Gu;Jianjun Yi;S. Deng
T. Fan;Xiangyun Chang;Chunhua Gu;Jianjun Yi;S. Deng
中科院分区:
工程技术1区
文献类型:
--
作者:
T. Fan;Xiangyun Chang;Chunhua Gu;Jianjun Yi;S. Deng

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库存缩减在许多行业都很普遍。射频识别(RFID)技术被认为是解决库存不准确的一个很有前途的解决方案。许多零售商努力推动他们的供应商采用这项技术。本文研究了由于缩孔问题而导致库存不准确的零售商的情况。我们应用报贩模型来分析如何通过部署RFID来减少库存缩减问题。我们研究了管理一个有收缩问题的库存系统的两种情形。在第一个场景中,零售商仅通过考虑库存缩减问题来优化其操作。在第二个场景中,零售商通过部署RFID进一步改进其操作。我们分别考虑订购数量可用率、RFID读取率提高和标签价格的影响,通过优化订单数量和期望利润来分析库存缩减问题。结果表明,零售商是否部署RFID取决于订购数量可用率和RFID读取率改进的相对值。我们还提出了一个标签成本阈值的公式,使RFID的部署具有成本效益。
Inventory shrinkage is prevalent in many industries. Radio Frequency Identification (RFID) technology has been regarded as a promising solution for inventory inaccuracy. Many retailers endeavor to push their suppliers to adopt this technology. This paper considers the situation of a retailer subject to inventory inaccuracies stemming from shrinkage problems. We apply a newsvendor model to analyze how to reduce inventory shrinkage problems by deploying RFID. We study two scenarios for managing an inventory system with shrinkage problems. In the first scenario, the retailer optimizes its operations only by taking into account the inventory shrinkage problems. In the second scenario, the retailer further improves its operations by deploying RFID. We analyze inventory shrinkage problems by optimizing order quantities and expected profits in consideration with the effect of the available rate of ordering quantity, RFID read rate improvement, and the tag price, respectively. The results show that whether the retailer deploys RFID depends on the relative value of the available rate of ordering quantity and RFID read rate improvement. We also present a formulation of the threshold value of tag cost which makes the deployment of RFID cost-effective.