Title :
A Study on Supermarket Chains of Multi-category Inventory Management Strategy
Author_Institution :
Sch. of Manage. & Economic, UESTC, Chengdu, China
Abstract :
Nowadays, the supermarket chains face the multi-category goods of which gross profit rate and sales volume are different. In this paper we study on supermarket chains of multi-category inventory management strategy. Firstly, we carry out classification on the goods by the method of retailer-oriented category roles. Then, we set different service level for different category goods. At last, we discuss the different categories of the optimal reorder point and the optimal order quantity.
Keywords :
inventory management; retailing; supply chain management; gross profit rate; multicategory good; multicategory inventory management strategy; optimal order quantity; optimal reorder point; retailer oriented category role; sale volume; supermarket chain; Biological system modeling; Face; Industries; Inventory management; Marketing and sales; Operations research; Safety; inventory management; service level; the optimal order quantity; the optimal reorder point;
Conference_Titel :
E-Business and E-Government (ICEE), 2010 International Conference on
Conference_Location :
Guangzhou
Print_ISBN :
978-0-7695-3997-3
DOI :
10.1109/ICEE.2010.802
