Managing a Retail Perishable Product with RFID enabled Inventory Visibility

Date

2015-01-10

Author

Karaer, Özgen

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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.

Subject Keywords

Inventory, RFID, Perishable, Fashion, Imperfect Read Rate, Retail

URI

https://hdl.handle.net/11511/69554

DOI

https://doi.org/10.5220/0005253001790184

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Department of Industrial Engineering, Conference / Seminar

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Citation Formats

Ö. Karaer, “Managing a Retail Perishable Product with RFID enabled Inventory Visibility,” 2015, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/69554.