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On Supply Chain Inventory Management Strategy for Seasonal Products

Shao Zu-feng

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Abstract

Inventory management represents an important trend of the research on seasonal products.The classical newsvendor model perfectly reflects its decision making environment and has offered some basic research conclusions.But there is only one decision-maker in the classical newsvendor model.The paper introduces the operating mechanism of the supply chain of seasonal products and the theory of supply chain management.The major inventory management strategies are put forward and explained how the theories concerned are applied into super market.

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What this paper is about

Inventory management represents an important trend of the research on seasonal products.The classical newsvendor model perfectly reflects its decision making environment and has offered some basic research conclusions.But there is only one decision-maker in the classical newsvendor model.The paper introduces the operating mechanism of the supply chain of seasonal products and the theory of supply chain management.The major inventory management strategies are put forward and explained how the theories concerned are applied into super market.

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Available abstract

Inventory management represents an important trend of the research on seasonal products.The classical newsvendor model perfectly reflects its decision making environment and has offered some basic research conclusions.But there is only one decision-maker in the classical newsvendor model.The paper introduces the operating mechanism of the supply chain of seasonal products and the theory of supply chain management.The major inventory management strategies are put forward and explained how the theories concerned are applied into super market.

Key concepts: Newsvendor model, Inventory management, Supply chain, Supply chain management, Decision maker, Inventory theory, Business, Industrial organization

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