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

Fingerprint

Industry
Convenience stores
Retail
Replenishment
Inventory management
Inventory model

All Science Journal Classification (ASJC) codes

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

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.
Villarreal, Bernardo ; Sosa, Leslie ; Vazquez, Jesus ; Quintanilla, Estefania ; Herrera, Mariana ; Villarreal, Delia. / Reduce slow moving inventory of convenience stores : A case study. Proceedings of the International Conference on Industrial Engineering and Operations Management. Vol. 2018 JUL. ed. IEOM Society, 2018. pp. 35-45 (Proceedings of the International Conference on Industrial Engineering and Operations Management).
@inproceedings{f96fd7983d7548438476eff165b7b5a2,
title = "Reduce slow moving inventory of convenience stores: A case study",
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.",
author = "Bernardo Villarreal and Leslie Sosa and Jesus Vazquez and Estefania Quintanilla and Mariana Herrera and Delia Villarreal",
year = "2018",
month = "7",
language = "English",
volume = "2018",
series = "Proceedings of the International Conference on Industrial Engineering and Operations Management",
publisher = "IEOM Society",
pages = "35--45",
booktitle = "Proceedings of the International Conference on Industrial Engineering and Operations Management",
edition = "JUL",

}

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 edn, vol. 2018, Proceedings of the International Conference on Industrial Engineering and Operations Management, IEOM Society, pp. 35-45, 2nd European International Conference on Industrial Engineering and Operations Management.IEOM 2018, 26/7/18.

Reduce slow moving inventory of convenience stores : A case study. / Villarreal, Bernardo; Sosa, Leslie; Vazquez, Jesus; Quintanilla, Estefania; Herrera, Mariana; Villarreal, Delia.

Proceedings of the International Conference on Industrial Engineering and Operations Management. Vol. 2018 JUL. ed. IEOM Society, 2018. p. 35-45 (Proceedings of the International Conference on Industrial Engineering and Operations Management).

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

TY - GEN

T1 - Reduce slow moving inventory of convenience stores

T2 - A case study

AU - Villarreal, Bernardo

AU - Sosa, Leslie

AU - Vazquez, Jesus

AU - Quintanilla, Estefania

AU - Herrera, Mariana

AU - Villarreal, Delia

PY - 2018/7

Y1 - 2018/7

N2 - 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.

AB - 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.

UR - http://www.scopus.com/inward/record.url?scp=85066947754&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85066947754&partnerID=8YFLogxK

M3 - Conference contribution

AN - SCOPUS:85066947754

VL - 2018

T3 - Proceedings of the International Conference on Industrial Engineering and Operations Management

SP - 35

EP - 45

BT - Proceedings of the International Conference on Industrial Engineering and Operations Management

PB - IEOM Society

ER -

Villarreal B, Sosa L, Vazquez J, Quintanilla E, Herrera M, Villarreal D. 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. IEOM Society. 2018. p. 35-45. (Proceedings of the International Conference on Industrial Engineering and Operations Management).