October 2013
Beginner to intermediate
224 pages
4h 2m
English
book
The Applied Business Analytics Casebook: Applications in Supply Chain Management, Operations Management, and Operations Research
by Matthew Drake
Content preview from The Applied Business Analytics Casebook: Applications in Supply Chain Management, Operations Management, and Operations Research
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Case 6. Safety Stock Planning for a Hong Kong Fashion Retailer
Tsan-Ming (Jason) Choi, The Hong Kong Polytechnic University1
1 Tsan-Ming (Jason) Choi can be contacted at jason.choi@polyu.edu.hk.
Introduction and Company Background
Inventory management is a critical part of fashion retail supply chain management. For most fashion products, consumer demand is very difficult to forecast, which makes inventory planning more difficult. In this case analysis, we explore the safety stock management problem in a fashion retailer in Hong Kong. With the (adapted) real data from the company, a systematic analysis on safety stock level can be conducted.
JTMC2 is one of the well-known chain store fashion retailers in Hong Kong. JTMC currently has 20 retail ...
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