Taxonomy of inventory policies for supply‐chain effectiveness
International Journal of Retail & Distribution Management
ISSN: 0959-0552
Article publication date: 1 April 2001
Abstract
The concept of taxonomy is applied to inventory management in a supply‐chain using the example of the US textile industry. Through classification and standardisation of issues related to inventory management problems, it is shown how inventory models and techniques can be generalised across diverse application environments represented by autonomous business entities that form the supply‐chain. Three generic models that implement inventory decision rules to address constant (or level), time varying (or chase), and mixed demand patterns associated with stock keeping unit (SKU) categories are proposed. Applications of these inventory models to a textile supply‐chain are discussed.
Keywords
Citation
Chandra, C. and Kumar, S. (2001), "Taxonomy of inventory policies for supply‐chain effectiveness", International Journal of Retail & Distribution Management, Vol. 29 No. 4, pp. 164-175. https://doi.org/10.1108/09590550110387962
Publisher
:MCB UP Ltd
Copyright © 2001, MCB UP Limited