TY - GEN
T1 - Reduce slow moving inventory of convenience stores
T2 - 2nd European International Conference on Industrial Engineering and Operations Management.IEOM 2018
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
Y2 - 26 July 2018 through 27 July 2018
ER -