Executive Update

Overcoming Inventory Record Inaccuracy: An Alternative to RFID

Posted June 30, 2007 in Data Analytics & Digital Technologies

Automated decision support tools in retailing rely on the accuracy of inventory records -- records that track the number of units per item available for customer purchase. If the recorded quantity falls below the reorder point, a replenishment order is placed to restock store shelves. Not only do automated decision support tools determine when to place an order, they also use recorded inventory quantities to recommend how many units to order and to provide forecasts of future demand.

About The Author
Nicole Dehoratius
Nicole DeHoratius is Adjunct Professor of Operations Management at the University of Chicago's Booth School of Business and Adjunct Professor of Operations and Supply Chain Management at the Zaragoza Logistics Center. Her research focuses on the effective management of retail supply chains and the link between retail performance and operational execution. Dr. DeHoratius also heads the Supply Chain Institute, an organization dedicated to the… Read More
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