Title :
Demand Control Chart
Author :
Paik, SiHyun ; Rim, SukChul
Author_Institution :
MIS Dept., YanBian Univ. of Sci. & Technol.
Abstract :
The existing inventory managements bear a relation to forecasting or assumptions. So these methods become more complicated and more expensive systems as time goes. This paper developed a practical inventory system which is called DCC (demand control chart). DCC does not ´forecast´ but ´control´ the trend of demand without assumptions. According to the trend of sales, DCC adjusts an order quantity considering the capacity of shelf in a store. Besides, this paper introduces EPFR (Every Period Full Replenishment) policy for reducing stocks
Keywords :
control charts; retailing; sales management; stock control; DCC; EPFR policy; demand control chart; every period full replenishment; inventory management; sales; shelf capacity; stores; Control charts; Cost function; Demand forecasting; Economic forecasting; Inventory control; Inventory management; Job shop scheduling; Marketing and sales; Safety; Uncertainty; DCC(demand control chart); DR(discount retailer); EPFR(Every Period Full Replenishment); OOS(out of stock); inventory;
Conference_Titel :
Service Operations and Logistics, and Informatics, 2006. SOLI '06. IEEE International Conference on
Conference_Location :
Shanghai
Print_ISBN :
1-4244-0317-0
Electronic_ISBN :
1-4244-0318-9
DOI :
10.1109/SOLI.2006.328952
