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Breadth of range and depth of stock : forecasting and inventory management at Euro Car Parts Ltd.
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Johnston, F. R., Shale, E., Kapoor, Sukhbir, True, R. and Sheth, A. (2011) Breadth of range and depth of stock : forecasting and inventory management at Euro Car Parts Ltd. Journal of the Operational Research Society, Volume 62 (Number 3). pp. 433-441. doi:10.1057/jors.2010.189 ISSN 0160-5682.
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Official URL: http://dx.doi.org/10.1057/jors.2010.189
Abstract
This paper investigates inventory management issues in a distribution network. The study is motivated
by examining the operation of a wholesaling car parts company. Customer service requirements are of
paramount importance in this market sector. The nature of the demand facing the company is
characterised. The breadth of range of stock keeping units (SKUs) held at a stocking location and the
quantity of each SKU held are normally treated in isolation but in this case, the rule developed to select
the range of SKU was extended to determine the level of stock to hold. It is intuitively obvious that these
two factors should be linked, yet the authors have not found any other literature developing the
connection in a practical context. Forecasting issues are explored as the rule on stock range depends on a
forecast of the number of orders received for each SKU at each stocking unit. Some implementation
issues and extensions are indicated.
Item Type: | Journal Article | ||||
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Subjects: | H Social Sciences > HB Economic Theory | ||||
Divisions: | Faculty of Social Sciences > Warwick Business School | ||||
Library of Congress Subject Headings (LCSH): | Economic forecasting, Business logistics, Inventory control | ||||
Journal or Publication Title: | Journal of the Operational Research Society | ||||
Publisher: | Palgrave Macmillan Ltd. | ||||
ISSN: | 0160-5682 | ||||
Official Date: | March 2011 | ||||
Dates: |
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Volume: | Volume 62 | ||||
Number: | Number 3 | ||||
Page Range: | pp. 433-441 | ||||
DOI: | 10.1057/jors.2010.189 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access |
Data sourced from Thomson Reuters' Web of Knowledge
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