Retail Out Of Stocks
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Retail Out Of Stocks
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Author : Thomas W. Gruen
language : en
Publisher:
Release Date : 2002
Retail Out Of Stocks written by Thomas W. Gruen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Consumer satisfaction categories.
Shelf Confidence
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Author : Thomas W. Gruen
language : en
Publisher: iUniverse
Release Date : 2022-08-22
Shelf Confidence written by Thomas W. Gruen and has been published by iUniverse this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-08-22 with Business & Economics categories.
Out-of-Stock and unavailable! In 2020, the perfect storm hit when the COVID-19 pandemic caused shoppers to buy food, toilet paper, and other items in a panic. The result was a large number of items were suddenly out of stock, leading to more buying and an outright crisis. This book takes readers behind the scenes of consumer products retailing, uncovering and explaining the extent, the causes, and the shopper reactions to out-of-stock items. The authors draw on their decades of experience studying the availability of consumer goods to explore how to improve service levels, slash costs, boost efficiency, and enhance customer satisfaction. Whether you’re a manufacturer, wholesaler, retailer, retailer consultant, researcher, member of the media, or a member of a trade association, you’ll discover useful insights in this well-researched book. Shoppers will also enjoy learning the behind-the-scenes details of how items get to the shelves, and how often they are out-of-stock! Here is what the consumer goods industry is saying about Shelf-Confidence: “Shelf-Confidence will provide you with an invaluable collection of documented research, tested insights and actionable conclusions from twenty years of studying the out-of-stock issue.” Milan Turk, Jr., former Vice President, the Procter & Gamble Company “This practical book provides industry benchmarks and best practices to improve availability online and offline.” Olaf Koch, former CEO Metro Group, Partner at Zintinus. “The thorough and practical research in this book will help retailers take waste out of the supply chain, improve omni-channel product availability, and change their game.” Sir Terry Leahy, former CEO Tesco Stores
A Diagnostic Analysis Of Retail Out Of Stocks
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Author : Yong Ning Foo
language : en
Publisher:
Release Date : 2007
A Diagnostic Analysis Of Retail Out Of Stocks written by Yong Ning Foo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
In the highly competitive retail industry, merchandise out-of-stock (OOS) is a significant and pertinent problem. This thesis performs a diagnostic analysis on retail out-of-stocks using empirical data from a major retailer. In this thesis, we establish the empirical relationship of OOS rate with the amount of safety stock carried, the time between orders and the forecast error, providing insights to the effects of these three factors on the probability of OOS occurrences. The root causes of OOS are also examined in the thesis. We find that up to 34% of OOS can be attributed to forecast error while up to 22% can be attributed to delay in order replenishment. For the OOSs that were associated with order delay, we can trace 60% of these to out-of-stock at the store's distribution center (DC). The thesis also examines a peculiarity in the occurrence of OOSs. We found that the OOS rate of Class C items is significantly higher in stores with higher sales volume. We can attribute much of this phenomenon to three factors: stores with higher sales volume hold less safety stock for Class C items, have a shorter time between orders and have relatively larger forecast errors.
The Impact Of Automatic Store Replenishment On Retail
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Author : Alfred Angerer
language : en
Publisher: Springer Science & Business Media
Release Date : 2007-12-15
The Impact Of Automatic Store Replenishment On Retail written by Alfred Angerer and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-15 with Business & Economics categories.
Drawing on several interviews and a comprehensive statistical analysis, Alfred Angerer proves the effectiveness of such ASR systems. The following questions are adressed: Which types of ASR system exist? What are the exact benefits of ASR systems? Which variables influence the ASR performance? Which ASR system is best suited for each product? How does a company best implement ASR systems?
Economic Implications Of Out Of Stocks In Retail Logistics And Supply Chain
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Author : S. M. Safiul Azam
language : en
Publisher:
Release Date : 2009
Economic Implications Of Out Of Stocks In Retail Logistics And Supply Chain written by S. M. Safiul Azam and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
Flowcasting The Retail Supply Chain
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Author : André J. Martin
language : en
Publisher: Factory 2 Shelf Pub
Release Date : 2006
Flowcasting The Retail Supply Chain written by André J. Martin and has been published by Factory 2 Shelf Pub this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Business & Economics categories.
Despite the myraid supply chain management approaches that have been spawned over the last decade or more, retailers have been unable to put a dent in out-of-stocks at store level, Why is that? Andre' Martin, Mike Doherty, and Jeff Harrop- all experienced practitioners, consultants, and implementation specialists in the field of time-phased supply chain planning - have been asking themselves the same question and have come to the conclusion that 1) far less forcasting is needed in the retail supply chain and 2) the only forecasting that needs to happen is at the store shelf. Flowcasting the Retail Supply Chain outlines a breakthrough approach for supply chain planning that mimics the natural flow of products from the factory to the consumer. It is the first and only approach that truly puts the consumer front and center when planning the supply chain.
A Comprehensive Guide To Retail Out Of Stock Reduction In The Fast Moving Consumer Goods Industry
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Author : Thomas W. Gruen
language : en
Publisher:
Release Date : 2007
A Comprehensive Guide To Retail Out Of Stock Reduction In The Fast Moving Consumer Goods Industry written by Thomas W. Gruen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Consumer satisfaction categories.
Customer Reactions To Out Of Stock In Food Retail
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Author : Timo Handermann
language : en
Publisher: BoD – Books on Demand
Release Date : 2023-08-14
Customer Reactions To Out Of Stock In Food Retail written by Timo Handermann and has been published by BoD – Books on Demand this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-08-14 with Business & Economics categories.
Due to various events, the availability of goods in retail is currently increasingly being restricted with the result that customers cannot find in food retail (FR) the products they wish to purchase because those products are sold out or not availa-ble for delivery. This situation is also termed Out of Stock (OoS). The reasons for the unavailability of products are often problems in connection with orders for goods, as well as the shelf-filling process within a store. According to literature, in those cases where a customer faces an OoS situation, the customer may postpone the purchase, purchase an alternate product, purchase the product in another store or not purchase at all. Depending on the customers reaction, this will result in a sales decline affecting the retailer and /or manufacturer differently. In these cases, customer reactions are influenced by various factors, such as brand loyalty, availa-bility of offered substitute products and many other factors. Within the scope of a survey, it was found that 36% of the customers predominantly reacted with the purchase of an alternate product of another brand to OoS. Also, 29% of the surveyed were willing to visit another store due to OoS.
Out Of Stock In Retail Food Stores
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Author : Charles Richard Ingram
language : en
Publisher:
Release Date : 1968
Out Of Stock In Retail Food Stores written by Charles Richard Ingram and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1968 with Grocery trade categories.
Retail Analytics
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Author : Anna-Lena Sachs
language : en
Publisher: Springer
Release Date : 2014-12-10
Retail Analytics written by Anna-Lena Sachs and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-12-10 with Business & Economics categories.
This book addresses the challenging task of demand forecasting and inventory management in retailing. It analyzes how information from point-of-sale scanner systems can be used to improve inventory decisions, and develops a data-driven approach that integrates demand forecasting and inventory management for perishable products, while taking unobservable lost sales and substitution into account in out-of-stock situations. Using linear programming, a new inventory function that reflects the causal relationship between demand and external factors such as price and weather is proposed. The book subsequently demonstrates the benefits of this new approach in numerical studies that utilize real data collected at a large European retail chain. Furthermore, the book derives an optimal inventory policy for a multi-product setting in which the decision-maker faces an aggregated service level target, and analyzes whether the decision-maker is subject to behavioral biases based on real data for bakery products.