Inventory redistribution process with fine granular real space information - Proposal and evaluation using a specialty store's supply chain

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

With the recent progress in information technology systems equipping with ubiquitous computing technology, it has become feasible to manage objects in real space on an individual item level, in real time, across more locations than before. In this study, we refer to this information with high granularity as fine granular information, and the management that utilizes this information as fine granularity management (FGM). This study proposes an inventory redistribution process that is enabled by FGM and evaluates the operational impact of this process. This proposed process premises dynamic item allocation and solves inefficiency in the supply chain management (SCM) of short lifecycle items. The problem we deal with is a single period stochastic inventory management problem that retailers with multiple stores face, and future demand and amount of items for redistribution are computed using the proposed algorithm. We evaluate our proposal using SCM operation data disclosed by a real-life specialty store company and show the effectiveness of our proposal.

Original languageEnglish
Pages (from-to)180-190
Number of pages11
JournalJournal of Japan Industrial Management Association
Volume61
Issue number3
Publication statusPublished - 2010

Fingerprint

Redistribution
Granularity
Supply Chain
Supply chains
Supply Chain Management
Supply chain management
Evaluation
Inventory Management
Evaluate
Ubiquitous Computing
Dynamic Process
Information Technology
Life Cycle
Ubiquitous computing
Face
Information technology
Computer systems
Supply chain
Industry

Keywords

  • Fine granularity management
  • Inventory management
  • Redistribution
  • SCM

ASJC Scopus subject areas

  • Industrial and Manufacturing Engineering
  • Applied Mathematics
  • Management Science and Operations Research
  • Strategy and Management

Cite this

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abstract = "With the recent progress in information technology systems equipping with ubiquitous computing technology, it has become feasible to manage objects in real space on an individual item level, in real time, across more locations than before. In this study, we refer to this information with high granularity as fine granular information, and the management that utilizes this information as fine granularity management (FGM). This study proposes an inventory redistribution process that is enabled by FGM and evaluates the operational impact of this process. This proposed process premises dynamic item allocation and solves inefficiency in the supply chain management (SCM) of short lifecycle items. The problem we deal with is a single period stochastic inventory management problem that retailers with multiple stores face, and future demand and amount of items for redistribution are computed using the proposed algorithm. We evaluate our proposal using SCM operation data disclosed by a real-life specialty store company and show the effectiveness of our proposal.",
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