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Leveraging E-commerce Sites to Absorb Retail Stores’ Excess Inventories
(2019)
With an aim to avoid stock-outs, retail pharmacy business constantly deals with the problem of inventory build-up across the supply chain. There are myriad reasons for the rise in inventory such as promotions and forecasting ...
Raw Material Minimum Order Quantity Optimization
(2019)
The sponsoring company, wants to review their raw material ordering policy and production plan for one of their product segments. This product faces a high degree of volatility in demand and the company currently orders ...
Demand Forecasting and Inventory Management for Spare Parts
(2019)
Spare parts management is an essential operation in the supply chain of many companies, owing to its strategic importance in supporting equipment availability and continuity of operations. In many supply chains, the demand ...