Managing a Retail Perishable Product with RFID-enabled Inventory Visibility

Özgen Karaer

2015

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.

Paper Citation

in Harvard Style

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 - Volume 1: ICORES, ISBN 978-989-758-075-8, pages 179-184. DOI: 10.5220/0005253001790184

in Bibtex Style

@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 - Volume 1: ICORES,},
year={2015},
pages={179-184},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0005253001790184},
isbn={978-989-758-075-8},
}

in EndNote Style

TY - CONF
JO - Proceedings of the International Conference on Operations Research and Enterprise Systems - Volume 1: ICORES,
TI - Managing a Retail Perishable Product with RFID-enabled Inventory Visibility
SN - 978-989-758-075-8
AU - Karaer Ö.
PY - 2015
SP - 179
EP - 184
DO - 10.5220/0005253001790184