TY - GEN
T1 - Inventory optimization model applying the holt-winters method to improve stock levels in SMEs in the sports retail sector
AU - Amasifén-Pacheco, Diego
AU - Garay-Osorio, Angela
AU - Perez-Paredes, Maribel
AU - Raymundo-Ibañez, Carlos
AU - Rivera, Luis
N1 - Publisher Copyright:
© Springer Nature Switzerland AG 2020.
PY - 2020
Y1 - 2020
N2 - Organizations are aware that the world of sports retail is shaped by situations and variables that make it a complex and competitive scenario in nature. This leads to a very common problem of inventory management, because the stock levels are not suitable for market behavior, generating significant loss of sale and increase in cost and reducing margins of companies. This research seeks to design an inventory optimization model that integrates tools such as multi-criteria ABC analysis, Holt-Winters, and 5S methodology for improving stock levels in SMEs within the sports retail sector. The proposed model helps find an efficient method for the optimization sought, which enables the planning of sales and stock purchases according to the needs of the company. The main result of the validation in the case study was the reduction of additional costs by 85%.
AB - Organizations are aware that the world of sports retail is shaped by situations and variables that make it a complex and competitive scenario in nature. This leads to a very common problem of inventory management, because the stock levels are not suitable for market behavior, generating significant loss of sale and increase in cost and reducing margins of companies. This research seeks to design an inventory optimization model that integrates tools such as multi-criteria ABC analysis, Holt-Winters, and 5S methodology for improving stock levels in SMEs within the sports retail sector. The proposed model helps find an efficient method for the optimization sought, which enables the planning of sales and stock purchases according to the needs of the company. The main result of the validation in the case study was the reduction of additional costs by 85%.
KW - 5S
KW - Holt-Winters
KW - Inventory management
KW - Multi-criteria ABC analysis
KW - Sports retail
UR - https://www.scopus.com/pages/publications/85081911617
U2 - 10.1007/978-3-030-39512-4_109
DO - 10.1007/978-3-030-39512-4_109
M3 - Contribución a la conferencia
AN - SCOPUS:85081911617
SN - 9783030395117
T3 - Advances in Intelligent Systems and Computing
SP - 711
EP - 718
BT - Intelligent Human Systems Integration - Proceedings of the 3rd International Conference on Intelligent Human Systems Integration IHSI 2020
A2 - Ahram, Tareq
A2 - Karwowski, Waldemar
A2 - Vergnano, Alberto
A2 - Leali, Francesco
A2 - Taiar, Redha
PB - Springer
T2 - 3rd International Conference on Intelligent Human Systems Integration, IHSI 2020
Y2 - 19 February 2020 through 21 February 2020
ER -