Journal Chpt 11

Journal Chpt 11 - their stores as a mini-warehouse in so...

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Eric Hammer Professor Reaves Thursday, November 18, 2010 Solving The Retail Inventory Problem (Forbes) You’ve experienced this so many times; you go to the store and find something you want to buy, but of course, your size is the only one not in stock at that store. Your size is in stock somewhere, but the retailer has no systematic way of finding out where. This is all changing, and companies are using technology to help them figure out the right inventory levels. These tracking technologies will also encourage retailers to start using
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Unformatted text preview: their stores as a mini-warehouse in so that merchandise can be transferred from one store to another, no matter what the location is. Now more than ever, store managers will get on the phone and call another store location to find a particular item, and although it doesn’t solve the problem, it is a good start. Having the right inventory and the right levels of that inventory is absolutely crucial, especially as they gear up for the holiday shopping frenzy....
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This note was uploaded on 09/27/2011 for the course ECON 101 taught by Professor Gottlieb during the Spring '08 term at Rutgers.

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