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MANAGING A RETAIL FASHION PRODUCT WITH RFID-ENABLED INVENTORY VISIBILITY

Cilt: 8 Sayı: 2 31 Temmuz 2019
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MANAGING A RETAIL FASHION PRODUCT WITH RFID-ENABLED INVENTORY VISIBILITY

Öz

   One of the main promises of Radio Frequency Identification Technology (RFID) is reduction in inventory record inaccuracy at retail stores, and thus to help achieve inventory visibility in the system. In this paper, we investigate the impact of RFID-enabled inventory visibility for a retailer that sells fashion merchandise, such as trendy apparel. Because the retailer already commits to a total quantity for the item before the season begins, an increase in sales cannot be expected. Here, we formulate the value of inventory visibility as an increase in revenue generated from the product. We characterize the components of this impact and how it changes with respect to the retailer and product characteristics. We also consider the possibility of imperfect performance of an enabler technology like RFID, and analyze how it affects the ROI of the technology.

Anahtar Kelimeler

Teşekkür

This research was funded in part by METU BAP #BAP-08-11-2012-124. The authors thank seminar participants at the 2014 IFORS Meeting in Barcelona, Spain, 2014 ISIR Symposium in Budapest, Hungary, and ICORES Meeting in Lisbon, Portugal, 2015 for their valuable comments. An earlier version of this work was in proceedings of the ICORES 2015 Conference.

Kaynakça

  1. [1] STAFF, “The best thing since the bar-code”, www.economist.com, 2003. (erişim tarihi 07.05.2017)
  2. [2] BERNARDERS, W., “RFID Is the Solution for Omnichannel Sales”, www.rfidjournal.com, 2017. (erişim tarihi 07.05.2017)
  3. [3] PRINCE, N., “Prime Vision to Offer RFID-enabled Packaging System”, www.rfidjournal.com, 2017. (erişim tarihi 07.05.2017)
  4. [4] SWEDBERG, C., “Russian Tag Company Reaches for a Worldwide Audience”,
  5. [5] www.rfidjournal.com, 2013. (erişim tarihi 07.05.2017)
  6. [6] SWEDBERG, C., “Polish Retail Chain Keeps Food Cool With RFID”, www.rfidjournal.com, 2017. (erişim tarihi 07.05.2017)
  7. [7] ZAINO, J., “The New ‘It’ Tool for Branding Products and Services”, www.rfidjournal.com, 2013. (erişim tarihi 07.05.2017)
  8. [8] DEHORATIUS, N., MERSERAU, A.J., SCHRAGE, L., “Retail Inventory Management When Records are Inaccurate”, Manufacturing & Service Operations Management 10 (2), 257-277, 2008.

Ayrıntılar

Birincil Dil

İngilizce

Konular

Endüstri Mühendisliği

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

31 Temmuz 2019

Gönderilme Tarihi

28 Haziran 2018

Kabul Tarihi

1 Nisan 2019

Yayımlandığı Sayı

Yıl 2019 Cilt: 8 Sayı: 2

Kaynak Göster

APA
Karaer, Ö. (2019). MANAGING A RETAIL FASHION PRODUCT WITH RFID-ENABLED INVENTORY VISIBILITY. Niğde Ömer Halisdemir Üniversitesi Mühendislik Bilimleri Dergisi, 8(2), 796-809. https://doi.org/10.28948/ngumuh.598174
AMA
1.Karaer Ö. MANAGING A RETAIL FASHION PRODUCT WITH RFID-ENABLED INVENTORY VISIBILITY. NÖHÜ Müh. Bilim. Derg. 2019;8(2):796-809. doi:10.28948/ngumuh.598174
Chicago
Karaer, Özgen. 2019. “MANAGING A RETAIL FASHION PRODUCT WITH RFID-ENABLED INVENTORY VISIBILITY”. Niğde Ömer Halisdemir Üniversitesi Mühendislik Bilimleri Dergisi 8 (2): 796-809. https://doi.org/10.28948/ngumuh.598174.
EndNote
Karaer Ö (01 Temmuz 2019) MANAGING A RETAIL FASHION PRODUCT WITH RFID-ENABLED INVENTORY VISIBILITY. Niğde Ömer Halisdemir Üniversitesi Mühendislik Bilimleri Dergisi 8 2 796–809.
IEEE
[1]Ö. Karaer, “MANAGING A RETAIL FASHION PRODUCT WITH RFID-ENABLED INVENTORY VISIBILITY”, NÖHÜ Müh. Bilim. Derg., c. 8, sy 2, ss. 796–809, Tem. 2019, doi: 10.28948/ngumuh.598174.
ISNAD
Karaer, Özgen. “MANAGING A RETAIL FASHION PRODUCT WITH RFID-ENABLED INVENTORY VISIBILITY”. Niğde Ömer Halisdemir Üniversitesi Mühendislik Bilimleri Dergisi 8/2 (01 Temmuz 2019): 796-809. https://doi.org/10.28948/ngumuh.598174.
JAMA
1.Karaer Ö. MANAGING A RETAIL FASHION PRODUCT WITH RFID-ENABLED INVENTORY VISIBILITY. NÖHÜ Müh. Bilim. Derg. 2019;8:796–809.
MLA
Karaer, Özgen. “MANAGING A RETAIL FASHION PRODUCT WITH RFID-ENABLED INVENTORY VISIBILITY”. Niğde Ömer Halisdemir Üniversitesi Mühendislik Bilimleri Dergisi, c. 8, sy 2, Temmuz 2019, ss. 796-09, doi:10.28948/ngumuh.598174.
Vancouver
1.Özgen Karaer. MANAGING A RETAIL FASHION PRODUCT WITH RFID-ENABLED INVENTORY VISIBILITY. NÖHÜ Müh. Bilim. Derg. 01 Temmuz 2019;8(2):796-809. doi:10.28948/ngumuh.598174