Determining the Inventory Policy for Slow-Moving Items: A ...
Abstract Inventory control of Slow-Moving items is essential for many establishments since these items have a low lead time demand but a high price. Besides, as the demand pattern for Slow-Moving items is irregular, the estimation of the lead time demand is challenging. This study gives a comparison of the different methods of modelling the lead time demand, motivated by a case study at a retailing establishment. After modelling the lead time demand with different methods for the selected Slow-Moving items, optimum reorder points are obtained. Index Terms bootstrapping, continuous review Policy , reorder point, Slow-Moving Inventory I. INTRODUCTION ariation in demand increases the challenge of maintaining Inventory to avoid stockouts or to satisfy the customer fill rate.
Abstract—Inventory control of slow-moving items is essential for many establishments since these items have a low lead time demand but a high price. Besides, as the demand pattern for slow-moving items is irregular, the estimation of
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