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Multi-Location Inventory Models for Retail Supply Chain Management

A Review of Recent Research
  • Narendra Agrawal
  • Stephen A. Smith
Chapter
Part of the International Series in Operations Research & Management Science book series (ISOR, volume 122)

Introduction

Research on multi-level inventory systems is critical to retail supply chain management. Multi-level systems are commonly observed in most retail environments, where regional distribution centers (warehouses) stock products to replenish inventory at the retail stores. There is a rich and vast literature in the field of operations management that focuses on the design and management of multi-echelon inventory systems, which can be applied to retailing. Even so, a variety of open problems remain, and this continues to be a fruitful area for researchers. While more than two echelons are also observed in practice, most retailers now prefer to move toward the simpler, two-echelon systems. Such structures are common even in pure play “E-tailers,” such as Amazon.com. Amazon.com started with the idea of owning no distribution centers at all, and relying on direct shipments of books from publishers to customers for demand fulfillment. However they now manage a small number of...

Keywords

Supply Chain Lead Time Inventory Level Retail Store Inventory Position 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media, LLC 2008

Authors and Affiliations

  • Narendra Agrawal
    • 1
  • Stephen A. Smith
    • 1
  1. 1.Department of Operations and MISLeavey School of Business, Santa Clara UniversitySanta ClaraUSA

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