INVENTORY MANAGEMENT POLICIES OF GOLD JEWELRY RETAILERS

Jingmin Zhang; Yongsheng Zhou; Zhe Zhou; Huanjun Yang

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Paper

INVENTORY MANAGEMENT POLICIES OF GOLD JEWELRY RETAILERS

In Proceedings of the 13th International Conference on Enterprise Information Systems - Volume 4: DMLSC, 517-522, 2011 , Beijing, China

Authors: Jingmin Zhang ; Yongsheng Zhou ; Zhe Zhou and Huanjun Yang

Affiliation: Beijing Technology and Business University, China

Keyword(s): Gold jewelry, Inventory turns, Demand forecasting, Replenishment strategy.

Abstract: With the gradually increasing pressure of market competition and the diversification of consumers’ choices, more and more gold jewelry retailers begin to seek the ways and means to reduce costs and improve profits, inventory management also is given more meaning and significance. Starting from the logistics characteristics of the gold jewelry, This article analyzes the prevalent inventory problems of gold jewelry retailers, such as low inventory turns, inventory structural imbalance and so on, and main reasons these problems emerge. On this basis, from supplier management, customer demand forecasting, replenishment strategy and the goods on display and other aspects respectively, putting forward the inventory management strategy of gold jewelry retailers.

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Paper citation in several formats:

Zhang, J.; Zhou, Y.; Zhou, Z. and Yang, H. (2011). INVENTORY MANAGEMENT POLICIES OF GOLD JEWELRY RETAILERS. In Proceedings of the 13th International Conference on Enterprise Information Systems (ICEIS 2011) - Volume 4: DMLSC; ISBN 978-989-8425-55-3; ISSN 2184-4992, SciTePress, pages 517-522. DOI: 10.5220/0003589005170522

@conference{dmlsc11,
author={Jingmin Zhang. and Yongsheng Zhou. and Zhe Zhou. and Huanjun Yang.},
title={INVENTORY MANAGEMENT POLICIES OF GOLD JEWELRY RETAILERS},
booktitle={Proceedings of the 13th International Conference on Enterprise Information Systems (ICEIS 2011) - Volume 4: DMLSC},
year={2011},
pages={517-522},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0003589005170522},
isbn={978-989-8425-55-3},
issn={2184-4992},
}

TY - CONF

JO - Proceedings of the 13th International Conference on Enterprise Information Systems (ICEIS 2011) - Volume 4: DMLSC
TI - INVENTORY MANAGEMENT POLICIES OF GOLD JEWELRY RETAILERS
SN - 978-989-8425-55-3
IS - 2184-4992
AU - Zhang, J.
AU - Zhou, Y.
AU - Zhou, Z.
AU - Yang, H.
PY - 2011
SP - 517
EP - 522
DO - 10.5220/0003589005170522
PB - SciTePress