DocumentCode :
3486494
Title :
Studies on fashionable products´ demand forecast and stock control
Author :
Qiqi, Sun ; Changxin, Xu ; Yan, Wang ; Jian, Huang
Author_Institution :
Bus. Sch., Hohai Univ., Nanjing, China
fYear :
2009
fDate :
5-7 Aug. 2009
Firstpage :
114
Lastpage :
118
Abstract :
Aiming at the stock problems faced by brand traders such as out-of-stock and overstock, this thesis has analyzed what leads to the stock problems of fashionable products and puts forward a demand forecast model of three stages with the help of an operation model of fashionable products´ supply chain. A stock control model and an inspiring formula that fits those brand traders´ fashionable products are also established in the thesis in order to realize a minimum stock coordinating cost. The analysis of cases has proved that the model works well in reducing the stock control cost. In the end, a conclusion is drawn that when the proportion of the prophase sales volume to the total sales volume is 0.2, it´s the best time to replenish and the stock coordinating cost will achieve the minimum.
Keywords :
consumer products; cost reduction; economic forecasting; minimisation; stock control; supply and demand; supply chains; fashionable product demand forecast model; operation model; out-of-stock control; stock control cost mimization; stock control model; stock coordinating cost reduction; supply chain; Computer aided manufacturing; Costs; Demand forecasting; Economic forecasting; Educational institutions; Marketing and sales; Predictive models; Supply chains; Technology forecasting; Uncertainty; demand forecast; fashionable products; stock control; supply chain;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Automation and Logistics, 2009. ICAL '09. IEEE International Conference on
Conference_Location :
Shenyang
Print_ISBN :
978-1-4244-4794-7
Electronic_ISBN :
978-1-4244-4795-4
Type :
conf
DOI :
10.1109/ICAL.2009.5262964
Filename :
5262964
Link To Document :
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