Determining the Inventory Policy for Slow-Moving Items: A Case Study

UZUNOĞLU KOÇER U. Z., Tamer S.

World Congress on Engineering (WCE 2011), London, Kanada, 6 - 08 Temmuz 2011, ss.139-143 identifier identifier

  • Yayın Türü: Bildiri / Tam Metin Bildiri
  • Cilt numarası:
  • Basıldığı Şehir: London
  • Basıldığı Ülke: Kanada
  • Sayfa Sayıları: ss.139-143
  • Anahtar Kelimeler: bootstrapping, continuous review policy, reorder point, slow-moving inventory, INTERMITTENT DEMAND, STOCK CONTROL, PARTS, MANAGEMENT, SYSTEM
  • Dokuz Eylül Üniversitesi Adresli: Evet

Özet

Inventory control of slow-moving items is essential for many establishments since these items have a low lead time demand but a high price. Besides, as the demand pattern for slow-moving items is irregular, the estimation of the lead time demand is challenging. This study gives a comparison of the different methods of modelling the lead time demand, motivated by a case study at a retailing establishment. After modelling the lead time demand with different methods for the selected slow-moving items, optimum reorder points are obtained.