Service sector inventory policies for quick response logistics
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A number of time-based logistical innovations have taken place in the retail sector, but inventory replenishment practice has not kept pace. Inventory replenishment heuristics are evaluated utilizing data from a leading grocer. Although only inventory replenishment is studied, the results have implications for product allocation, assortment and store size. Specifically, given the industry data utilized, a doubling of financial performance may be obtained, and the amount of store space required to display a category of items can be severely reduced.
author list (cited authors)
Metters, R., & Ketzenberg, M.