Determinants of Effective Inventory Management A Study of Consumer Durable Retailers
Journal Title: Bonfring International Journal of Industrial Engineering and Management Science - Year 2016, Vol 6, Issue 2
Abstract
Global retailing is evolving into hi-tech business Indian retail market is poised to follow the path with large number of global players eyeing the market. 10.6% of growth Indian Retail market has experienced between the year 2010 and 2012. Revolution in Indian Retail has been brought about with the change in demographic profile, increase in income levels, urbanization, technology and globalization. Growth comes along with challenges, which retailers have to manage in order to sustain in the competitive environment. It is imperative for the retailers to offer adequate service levels to sustain. The determinants of service levels for a retailer can be linked to availability and variety which aspects can be maintained through a healthy inventory. The paper attempts to address the objective of identifying determinants of effective inventory management. An exploratory survey was conducted among 60 retailers from Allahabad, Lucknow, and New Delhi dealing with consumer durables. Data was treated with factor analysis and Regression analysis. Four Factors of Retailer Size, Supplier Relationship, Service Level and Demand Uncertainty emerged as the determinants of effective inventory management. Positive relationship emerged between Retailer Size, Supplier Relationship, Demand Uncertainty and Effective Inventory Management through regression analysis.
Authors and Affiliations
Vibhuti Tripathi , Priyanka Kochhar
Towards Building Energy Efficiency for Developing Countries
Buildings account for 42 percent of world energy consumption, therefore the rising trend of making buildings more energy efficient is smart business with assists to make local market jobs and added benefits to the enviro...
A Study of Dynamically Adaptive Architecture in Web Based Applications
In recent years, the foremost of the progress area unit having issue to adapt the advanced policies and most of the approaches required customized workflow engines. This research work focuses on projecting a new changed...
Identification of Money Laundering based on Financial Action Task Force Using Transaction Flow Analysis System
Money laundering transaction is to be identified in the real world financial application; a new method can be proposed for detection. In this system, a laundering detection is based on the social network using transactio...
Investigate the Effect of Turning Parameters on Tool Wear on Various Cutting Tool Inserts Using Response Surface Methodology
The work aims to investigate the effect of turning parameter on tool wear of various cutting tool insert using response methodology. The AISI4340 steel is machined with different cutting tool insert of High Speed Steel (...
Investigation of Chip Morphology and Tool Wear during Hard Machining of Hard Chrome Plated EN24 Substrate
Hard Chrome plated surfaces are used in automotive, aerospace and marine applications. The electroplated chrome surface has to undergo finishing processes before assembled for service. Improvements in the tool and coatin...