Inventory management has become not just an operational necessity but a strategic cornerstone that can make or break a ...

We study the classical multiperiod capacitated stochastic inventory control problems in a data-driven setting. Instead of assuming full knowledge of the demand distributions, we assume that the demand ...

Every day is a juggling act for multichannel retailers who need to quickly fulfill customer orders for items purchased online, in-store, via supplier warehouses and through other channels. Today’s ...

Inventory management is an important small business function. Inventory is usually the second largest expense for a business, outside of payroll. Business owners create processes for managing their ...

Analyst Insight: AI revolutionizes initial inventory planning and stockpiling by estimating demand even when historical data is missing. This optimizes procurement, reduces costs, and prevents ...

As inventory demands fluctuate, healthcare facility leaders may wonder if low or Logical Unit of Measure (LUM) distribution models are the best choice to meet their facility’s evolving needs. However, ...

The Journal of the Operational Research Society, Vol. 66, No. 2 (FEBRUARY 2015), pp. 331-341 (11 pages) We address the problem of how to determine control parameters for the inventory of spare parts ...

LONDON--(BUSINESS WIRE)--As a premier analytics solution provider, Quantzig has the responsibility to help businesses tackle demand-supply disruptions, especially at challenging times like these.

Editor’s Note: Every year, 40 or so students in the MIT Center for Transportation & Logistics' (MIT CTL) Master of Supply Chain Management (SCM) program complete one-year thesis research projects. The ...