RFID-enabled shelf replenishment with backroom monitoring in retail stores |
Abstract:
This contribution is concerned with the value of RFID for retail store operations, particularly the use of thetechnology to automate shelf replenishment decisions. We construct and test an inventory control policybased on RFID data with case-level tagging. Our model incorporates RFID hardware capable of detecting bidirectionalproduct movements between a store's backroom and the sales floor. In contrast to prior research,we account for detection errors caused by imperfect RFID read rates. Furthermore, we propose and evaluate asimple heuristic extension to avoid some of the inherent downsides of fully automatic inventory control. Wecompare the performance of these policies under stochastic demand, lost sales, and shrinkage to the traditional scheme with periodic reviews in a simulation study. Our results indicate that RFID-based policies have the potential to improve cost efficiency and service levels. However, different sensitivities to cost factorsand suboptimal read rates must be considered when choosing a policy. |
| Keywords: |
RFID Retail In-store logistics Inventory management Shelf replenishment Simulation |
| Author(s): |
Cosmin Condea , Frédéric Thiesse , Elgar Fleisch |
| Source: |
Decision Support Systems 52 (2012) 839–84 |
| Subject: |
تولید |
| Category: |
مقاله مجله |
| Release Date: |
2012 |
| No of Pages: |
11 |
| Price(Tomans): |
0 |
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