Inventory Record Inaccuracy: An Empirical Analysis

DeHoratius, Nicole; Raman, Ananth

doi:10.1287/mnsc.1070.0789

Cited by 359 publications

(309 citation statements)

References 41 publications

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“…Industry-specific papers include those by Olivares and Cachon (2009) and Cachon and Olivares (2010), which identify the key drivers that explain the variation in the finished goods inventory within the automotive distribution system. There is also work that investigates the factors that affect inventory record accuracy (DeHoratius and Raman 2008) and when managers decide to deviate from the inventory recommendations of an automated ordering system (van Donselaar et al 2010).…”

Section: Supply Chain Management (Onlinementioning

confidence: 99%

OM Forum—Causal Inference Models in Operations Management

Lim

Reza

et al. 2017

M&SOM

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Abstract. Operations management (OM) researchers have traditionally focused on developing normative mathematical models that prescribe what managers and firms should do. Recently, there has been increased interest in understanding what managers and firms actually do and the factors that drive these decisions. To advance this understanding, empirical investigation using causal inference models is critical. However, in many contexts, the ability to obtain causal inferences is fraught with the challenges of endogeneity and selection bias. This paper describes five empirical tools that have been widely used in economics to address these challenges and how they can be adopted by OM researchers. We also present an example that illustrates how the various attributes of big data-variety, velocity, and volume-can be useful in addressing the endogeneity bias.

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Section: Supply Chain Management (Onlinementioning

confidence: 99%

OM Forum—Causal Inference Models in Operations Management

Lim

Reza

et al. 2017

M&SOM

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“…Stock-outs for a manufacturing companies lead to delays in the production process, which creates a ripple effect and a subsequent reduction in financial performance. DeHoratius and Raman (2008) stated that inventory accuracy is critical to any organization. Twenty-one percent (21%) of the respondents identified inventory inaccuracy as a challenge to their inventory.…”

Section: Analysis Of Automation In Inventory Management In Jamaican Smesmentioning

confidence: 99%

A Study of Inventory Control Systems by Jamaican SMEs in Retail and Manufacturing/Distribution Industries

Johnson¹,

Ruankaew²

2017

IJBM

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It is widely accepted that firms can achieve effective inventory management with the right strategies. This study analyzed the inventory control strategies of small to medium-sized enterprises (SMEs) in Jamaica. The objectives of the study were to identify whether these companies used the "best practices" in inventory control, the effects of their strategies on business performance, and the factors that affected the development of their strategies. The study employed a methods triangulation approach that included case studies, interviews, questionnaires, and observation with a focus on twelve inventory-intensive SMEs in retail and manufacturing/distribution industries. The SMEs were found to use common inventory control strategies such as stock counts, Enterprise Resource Planning (ERP) systems, forecasting, and inventory classification.The findings of this study support institutional theory and isomorphism because it was discovered that due to external influences, firms studied within the same industry adopted similar strategies, and even in different industries, the 'best practices' in inventory control were the same. The drivers of this isomorphic organizational behavior were found to be costs, government regulations, and imitation of successful strategies in other companies. The SMEs surveyed were classified as semi-automated due to limited automation and confirmed success in their inventory management. The study validates the existence of institutionalism among SMEs in the retail as well as manufacturing/distribution industries in Jamaica. A broader scope examining larger firms and other industries would further identify isomorphic organizational behavior across the Jamaican business landscape. For future research, an investigation of financial performance and changes and adoption of new inventory control strategies of Jamaican SMEs is recommended to achieve a broad view of inventory management on the financial performance of Jamaican SMEs.

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“…In the retail environment RFID can perform numerous tasks, some of which include tagging products, controlling product shrinkage, assisting in streamlining and maintaining inventory by having a direct connection with the supplier. RFID can also assist in enhancing inventory accuracy, and reduction in out of stock inventory that can lead to consumers not purchasing an item, buying an item at another store, substitute for a different brand, or delay purchasing (Corsten & Gruen, 2003;DeHoratius & Raman, 2008). Rathore and Valverde (2011) proposed an RFID system for unattended stores that can help to automate checkouts without human intervention.…”

Section: Rfid On the Retail Sector And Their Suppliersmentioning

confidence: 99%

“…3 No. 1;2014 fraction of a dollar. This is because unlike barcodes, RFID does not have to be product or item specific.…”

Section: Rfid On the Retail Sector And Their Suppliersmentioning

confidence: 99%

The Use of RFID Based Supply Chain Systems in Data Centers for the Improvement of the Performance of Financial Institutions

Khan¹,

Valverde²

2014

EMR

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The advancement of RFID technology has been viewed by many as one of the most beneficial developments in the business world. Furthermore, the progress in this technology has motivated software and hardware manufacturers to leverage RFID capability and drive the adoption of RFID in the data center market. RFID technology holds promise in transforming supply chain management by providing real time intelligence for tracking enterprise assets. As it stands, the objective of RFID is to manage the entire life cycle of an asset by determining the time of initial asset acquisition, the asset's physical location, the asset's movement within a data center and the time of the asset's ultimate decommission. In addition, RFID is also capable of managing the motion of devices in and between data centers thus enhancing the ability to forecast data center capacity. Although data centers has been readily adopted and implemented in commercial sectors such as the retail environment, its introduction and implementation in the financial market sector has not occurred with similar speed and enthusiasm, suggesting presence of some reluctance. However, financial institutions are being under pressure from clients in order to provide real-time financial data and are looking at data centers integrated with RFID based supply chain systems for this purpose. The motivation for the present study arises from the growing body of literature which has examined the contribution of RFID supply chain systems in data centers and the motivation of financial institutions to use these data centers in order to become more competitive in the market. The paper asks the questions whether the RFID based supply chain systems in data centers can help to improve the performance of financial institutions.

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Inventory Record Inaccuracy: An Empirical Analysis

Cited by 359 publications

References 41 publications

OM Forum—Causal Inference Models in Operations Management

OM Forum—Causal Inference Models in Operations Management

A Study of Inventory Control Systems by Jamaican SMEs in Retail and Manufacturing/Distribution Industries

The Use of RFID Based Supply Chain Systems in Data Centers for the Improvement of the Performance of Financial Institutions

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