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Author: Özgen Karaer

Affiliation: Middle East Technical University, Turkey

Keyword(s): Inventory, RFID, Perishable, Fashion, Imperfect Read Rate, Retail.

Related Ontology Subjects/Areas/Topics: Industrial Engineering ; Information Systems ; Inventory Theory ; Management Sciences ; Methodologies and Technologies ; Operational Research

Abstract: Radio Frequency Identification Technology (RFID) helps reduce or completely eliminate inventory record inaccuracy at retail stores, and thus facilitates inventory visibility in the system. In this paper, we investigate the value of RFID-enabled inventory visibility for a retailer that sells perishable/seasonal merchandise, such as fashion apparel. Because the retailer already commits to a total quantity for the item before the season begins, we cannot anticipate an increase in sales or a reduction in holding cost. Here, we formulate the value as a change in total revenue generated from the product. We characterize how this impact changes with respect to various factors in the model and identify its components.

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Paper citation in several formats:
Karaer, Ö. (2015). Managing a Retail Perishable Product with RFID-enabled Inventory Visibility. In Proceedings of the International Conference on Operations Research and Enterprise Systems - ICORES; ISBN 978-989-758-075-8; ISSN 2184-4372, SciTePress, pages 179-184. DOI: 10.5220/0005253001790184

@conference{icores15,
author={Özgen Karaer.},
title={Managing a Retail Perishable Product with RFID-enabled Inventory Visibility},
booktitle={Proceedings of the International Conference on Operations Research and Enterprise Systems - ICORES},
year={2015},
pages={179-184},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0005253001790184},
isbn={978-989-758-075-8},
issn={2184-4372},
}

TY - CONF

JO - Proceedings of the International Conference on Operations Research and Enterprise Systems - ICORES
TI - Managing a Retail Perishable Product with RFID-enabled Inventory Visibility
SN - 978-989-758-075-8
IS - 2184-4372
AU - Karaer, Ö.
PY - 2015
SP - 179
EP - 184
DO - 10.5220/0005253001790184
PB - SciTePress