Proceedings of ICLT 2016
MANAGING STOCKOUT AND OVERSTOCK OF IMPORTED GROCERY PRODUCTS IN A SUPERMARKET CHAIN
Kiat Hong Lau; Jenson Goh; Yan Weng Tan
School of Business, SIM University, Singapore; School of Business, SIM University, Singapore; School of Business, SIM University, Singapore
International Conference on Logistics & Transport 2016, Singapore, pp. 138-145
Abstract
This paper examines the stockout and overstock of imported grocery products in a supermarket chain in Singapore. The supermarket chain has over 120 outlets providing a wide range of grocery products sourced from all over the world. The chain has a fresh food distribution facility and a centralised warehouse for efficient logistics support. The study identifies the main causes of stockout and overstock of imported grocery products and examines how order forecasting can be improved to minimise both situations.
Keywords
inventory management; stockout; overstock; supermarket; demand forecasting
Citation
Kiat Hong Lau; Jenson Goh; Yan Weng Tan (2016). MANAGING STOCKOUT AND OVERSTOCK OF IMPORTED GROCERY PRODUCTS IN A SUPERMARKET CHAIN. Proceedings of the International Conference on Logistics & Transport (ICLT 2016), Singapore, pp. 138-145.