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Prioritising stock phasing for multiple retailers

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  • Maier, JR
  • Simkin, LP

Abstract

This paper describes the development of a stock planning system for multiple retailers and is illustrated with a case example. Based on a thorough analysis products are clustered into groups with similar selling and stockholding characteristics. Those groups of most importance to companies' financial success are highlighted, enabling managerial resources to be allocated appropriately. The planning model advocates the principle of ordering just in time. Major savings are achieved in stockholding costs by reducing premature and excessive stock intakes, and effectively estimating safety margins. Such an approach exists in many industry sectors, but the concept is new to retailing.

Suggested Citation

  • Maier, JR & Simkin, LP, 1988. "Prioritising stock phasing for multiple retailers," Omega, Elsevier, vol. 16(1), pages 33-39.
    • Handle: RePEc:eee:jomega:v:16:y:1988:i:1:p:33-39
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    Cited by:

    1. Bunn, Derek W. & Vassilopoulos, Angelos I., 1999. "Comparison of seasonal estimation methods in multi-item short-term forecasting," International Journal of Forecasting, Elsevier, vol. 15(4), pages 431-443, October.

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