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Using Radio Frequency Identifications Technology in Inventory Control

Mostafa Yakout

ISBN 10: 3659238341 / ISBN 13: 9783659238345
Published by LAP Lambert Academic Publishing
New Condition: New Soft cover
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About this Item

124 pages. Dimensions: 8.7in. x 5.9in. x 0.3in.Inventory accuracy is one of the keys to an efficient supply chain, yet it is often referred to as the missing link in retail execution. Large retail operations face enormous challenges tracking their inventory and preventing errors while ensuring products are correctly stored in the proper location in their warehouses. In this book, inaccuracy problems of inventory were tried to be reduced by applying new tracking system using RFID to provide real-time monitoring of inventory levels. An optimization model is proposed to determine the product assortment, inventory replenishment, display area and shelf space allocation decisions that jointly maximize the retailers profit under shelf space and backroom storage constraints. The variety of products to be displayed in the retail store, their display locations within the store, their ordering quantities, and the allocated shelf space in each display area are considered as decision variables to be determined by the integrated model. The model is a mixed integer non-linear program that we solved using LINGO software. A case study is conducted to verify the model results and assess the impact of integrating RFID into an existing system. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Bookseller Inventory # 9783659238345

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Bibliographic Details

Title: Using Radio Frequency Identifications ...

Publisher: LAP Lambert Academic Publishing

Binding: Paperback

Book Condition:New

Book Type: Paperback

About this title

Synopsis:

Inventory accuracy is one of the keys to an efficient supply chain, yet it is often referred to as the ‘missing link’ in retail execution. Large retail operations face enormous challenges tracking their inventory and preventing errors while ensuring products are correctly stored in the proper location in their warehouses. In this book, inaccuracy problems of inventory were tried to be reduced by applying new tracking system using RFID to provide real-time monitoring of inventory levels. An optimization model is proposed to determine the product assortment, inventory replenishment, display area and shelf space allocation decisions that jointly maximize the retailer’s profit under shelf space and backroom storage constraints. The variety of products to be displayed in the retail store, their display locations within the store, their ordering quantities, and the allocated shelf space in each display area are considered as decision variables to be determined by the integrated model. The model is a mixed integer non-linear program that we solved using LINGO software. A case study is conducted to verify the model results and assess the impact of integrating RFID into an existing system.

About the Author:

Mostafa Yakout was born in January 1988 in Egypt. He received a B.Sc. in Production Engineering from Alexandria University, Egypt, in 2010. He is currently working as a Researcher and Teaching Assistant in the same university. His current research towards a M.Sc. includes; Machinery Dynamics, Reliability Testing, and Finite Element Analysis (FEA).

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