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A Study on Inventory Control Method for an Item with Stockkeeping Units

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초록

In many inventory situations, items for sales are generally stocked in a multiple of variations called stockkeeping units, suchas size, color, style, and so on. For better management performance on sales items, proper and effective management is necessaryfor the stockkeeping units. In dealing with many items and those stockkeeping units, individual inventory analysis for each stockkeepingunit needs large amount of time or cost. Also the individual approach in inventory planning increases the demand variationof an item as the result by combining of demand variations of all stockkeeping units, accordingly the inventory turnover ratioand profitability are dropped down. This research suggests an effective method of systematic control of total stockkeeping unitsby generating from the total item basis, and shows how to reduce the safety stock and the average inventory with attaininga planned customer fill rate of the item and each stockkeeping units.

Abstract

In many inventory situations, items for sales are generally stocked in a multiple of variations called stockkeeping units, suchas size, color, style, and so on. For better management performance on sales items, proper and effective management is necessaryfor the stockkeeping units. In dealing with many items and those stockkeeping units, individual inventory analysis for each stockkeepingunit needs large amount of time or cost. Also the individual approach in inventory planning increases the demand variationof an item as the result by combining of demand variations of all stockkeeping units, accordingly the inventory turnover ratioand profitability are dropped down. This research suggests an effective method of systematic control of total stockkeeping unitsby generating from the total item basis, and shows how to reduce the safety stock and the average inventory with attaininga planned customer fill rate of the item and each stockkeeping units.

참고문헌 (12)

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  2. Badinelli, R. D., "A model for continuous-review pull policies in serial inventory systems", Operations Research, 40(1), pp.142~156 (1992)
  3. Closs, D. J., "The differential impact of product complexity, inventory level, and configuration capacity on unit and order fill rate performance", Journal of Operations Management, 28(1), pp.47~57 (2010)
  4. Johnston, F. R., "An examination of the size of orders from customers, their characterisation and the implications for inventory control of slow moving items", Journal of the Operational Research Society, 54, pp.833~837 (2003)
  5. 김흥규, "자기상관관계를 갖는 수요 하에서의 재고정책", 산업경영시스템학회지, 31(1), pp.83~91 (2008), 한국산업경영시스템학회
  6. Neumann, K., "Project scheduling with inventory constraints", Mathematical Methods of Operations Research, 56, pp.513~533 (2003)
  7. Partovi, F.Y., "Classifying inventory using an artificial neural network approach", Computers and Industrial Engineering, 41, pp.389~404 (2002)
  8. Ryzin, G., "On the relationship between Inventory costs and variety benefits in retail assortments", Management Science, 45, pp.1496~1509 (1999)
  9. Snyder, R. D., "Forecasting for inventory control with exponential smoothing", International Journal of Forecasting, 18(1), pp.5~18 (2002)
  10. Syntetos, A.A., "On the stock control performance of intermittent demand estimators", International Journal of Production Economics, 103, pp.36~47 (2006)
  11. Tersine, R.J., "Principles of inventory and materials management", pp.125~151 (1994)
  12. Teunter, R. H., "ABC classification : Service levels and inventory costs", Production and Operations Management, 19, pp.343~352 (2010)

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