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Title:
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E-COMMERCE: DEMAND FORECASTING AND INVENTORY MANAGEMENT FOR SHORT LIFE CYCLE PRODUCTS |
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Author(s):
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Manuel Carlos B. Figueiredo |
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ISBN:
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978-972-8924-49-2 |
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Editors:
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Sandeep Krishnamurthy and Pedro Isaías |
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Year:
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2007 |
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Edition:
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Single |
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Keywords:
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E-Commerce, Forecasting Demand, Inventory Management, Monitoring |
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Type:
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Short Paper |
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First Page:
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265 |
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Last Page:
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270 |
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Language:
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English |
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Cover:
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Full Contents:
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click to dowload 
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Paper Abstract:
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For many companies doing e-commerce the range of goods sold usually includes a large number of new products which
have a short and well defined selling period corresponding to one selling season (20-30 weeks). The absence of past sales
data, changes in fashion and product design causes difficulties in forecasting demand accurately. Thus, the predominant
factors of stock control in this environment are the difficulty in obtaining accurate demand forecasts and the short selling
season for goods. An inventory management system designed to operate in this context is therefore constrained by the
fact that demand for many goods will not generally continue into the future. Using data for one particular company, the
accuracy of the demand forecasts obtained by traditional profile methods is analysed and a system for monitoring demand
forecasts is presented and tested. An assessment of the proposed system is made by determining its effect on stock control
performance. |
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