Multi-product inventory modeling with demand forecasting
Angie Valencia Olivares,
Axel Mendoza Bojórquez,
José Antonio Taquía Gutiérrez
Abstract:Many wholesale companies do not use an adequate control of their inventory level, and variables such as product demand tend to vary continuously due to seasonality and market trends, generating costs that reduce profitability and eventually produce customer dissatisfaction with the service offered. In this paper we propose the application of a method to reduce the level of uncertainty and risk in sales and to simulate the implementation of a policy of continuous inventory review. Using the monthly demand of th… Show more
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