article·2015-01-01

Approach and practice of fashion inventory control based on sales &operations planning process and buyer model

Ren Ping Liu

Abstract

An approach for decreasing the fashion inventory risk by applying SOP process and buyer's index to control at separate stages was proposed. By quantifying the inventory control index,setting the management KPI according to the qualification of the company inventory,and combining them with company's financial goals,the inventory investment and the gross margin were balanced,making the index cooperative and match each other and building an inventory risk control system. When this approach is applied,it helps to optimize the inventory structure according to the product positioning and operation model,coordinate the plans of internal departments,and run the company in the virtuous cycle.
Source: openalex_inverted_index · Quality: baseline

Research context

OpenAlex topics: Big Data and Business Intelligence · Evaluation and Optimization Models · Advanced Statistical Process Monitoring

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