Reduce slow moving inventory of convenience stores: A case study

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.