2008Progress in Textile Science & TechnologyRequires access

Analysis and discussion of appropriate inventory model of monopolistic clothing stores

Hongfu Wang

Open publisher page 0 citations

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.

About this research paper

What this paper is about

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.

Why it matters

A significance statement is not available in the OpenAlex record.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available 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.

Key concepts: Inventory management, Perpetual inventory, Inventory theory, Economic order quantity, Cycle count, Inventory investment, Monopolistic competition, Clothing

Related papers

Back to paper searchBrowse research topicsOriginal source
Analysis and discussion of appropriate inventory model of monopolistic clothing stores — Research Paper | ScholarLens