Reduce slow moving inventory of convenience stores: A case study

Bernardo Villarreal, Leslie Sosa, Jesus Vazquez, Estefania Quintanilla, Mariana Herrera, Delia Villarreal

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Traditional inventory models do not take into account various circumstances that are unique to a retail setting. The purpose of this study is to high light one such issue, namely, inventory management of slow moving items. The impact of all these decisions led the company to hold inventory levels of about 30 days on average with replenishment cycles of seven days. This work describes the efforts of the company to decrease inventory levels through the application of concepts associated to the forecasting and the impact of pack sizes for slow moving items. Results of the pilot studies of implementing the suggested initiatives are provided.

Original languageEnglish
Title of host publicationProceedings of the International Conference on Industrial Engineering and Operations Management
PublisherIEOM Society
Pages35-45
Number of pages11
Volume2018
EditionJUL
Publication statusPublished - Jul 2018
Event2nd European International Conference on Industrial Engineering and Operations Management.IEOM 2018 -
Duration: 26 Jul 201827 Jul 2018

Publication series

NameProceedings of the International Conference on Industrial Engineering and Operations Management

Conference

Conference2nd European International Conference on Industrial Engineering and Operations Management.IEOM 2018
Period26/7/1827/7/18

All Science Journal Classification (ASJC) codes

  • Strategy and Management
  • Management Science and Operations Research
  • Control and Systems Engineering
  • Industrial and Manufacturing Engineering

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  • Cite this

    Villarreal, B., Sosa, L., Vazquez, J., Quintanilla, E., Herrera, M., & Villarreal, D. (2018). Reduce slow moving inventory of convenience stores: A case study. In Proceedings of the International Conference on Industrial Engineering and Operations Management (JUL ed., Vol. 2018, pp. 35-45). (Proceedings of the International Conference on Industrial Engineering and Operations Management). IEOM Society.