Analysis and discussion of appropriate inventory model of monopolistic clothing stores
Hongfu Wang
Abstract
Hongfu Wang
Abstract
In the monopolistic clothing store,the inventory occupied a large proportion of all investment,the main purpose of inventory management for franchised store is to determine the appropriate inventory and optimize the percentage of the capital,by using appropriate inventory model and the decision-making of store inventory management-In this paper,Based on the application of fixed quantity order model that is while consumed but added,the inventory of clothing stores combined with the practical problem encountered in the process of inventory management and the special case is analysed and discussed.it provides some methods that can be referenced for the inventory management of franchised stores,so they can make a reasonable order choice according to the special demand changes and maintain the inventory of an optimum quantity,and assure the optimum funding percentage and minimize the cost of the inventory.
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In the monopolistic clothing store,the inventory occupied a large proportion of all investment,the main purpose of inventory management for franchised store is to determine the appropriate inventory and optimize the percentage of the capital,by using appropriate inventory model and the decision-making of store inventory management-In this paper,Based on the application of fixed quantity order model that is while consumed but added,the inventory of clothing stores combined with the practical problem encountered in the process of inventory management and the special case is analysed and discussed.it provides some methods that can be referenced for the inventory management of franchised stores,so they can make a reasonable order choice according to the special demand changes and maintain the inventory of an optimum quantity,and assure the optimum funding percentage and minimize the cost of the inventory.
Key concepts: Inventory management, Perpetual inventory, Inventory theory, Economic order quantity, Cycle count, Inventory investment, Monopolistic competition, Clothing