NDLI: Managing Inventory as an Option and Impact on Unsold Product Policy: Sample of Textile Industry

Content Provider	IEEE Xplore Digital Library
Author	Brutman, T.
Copyright Year	2006
Abstract	Market share of unsold or discounted products is a significant-size market: more than 30% in clothing industry, more than 15% in technology sector. A this time, managing unsold products is an "ex post" science. What do we mean by such a definition? We mean that such level of volume is a result. This mean that at any moment, people in charge seems to accept the situation without thinking to a policy that limits the weight of unsold products. Reducing inventory is not the "solution" because reducing inventory is reducing both future unsold products but also successful ones (you will read later that a reduce inventory associated to a "at disposal" service policy with our developments will be more successful).The main problem is, in our point of view, that theoricians of finance have always considered inventory as a charge (such a thing is absurd in an accounting matter). That is to say that an inventory has no value and if by chance it has one at the beginning, there is no way to evaluate its variation (we mean variation during the time). We show an inventory internal value does exist because inventory is an option so it is possible to dynamically valuate it and in association with consumers & firms behaviour microeconomics analysis, we demonstrate that such a method can help to reduce unsold product inventory with "an ex ante" price policy or quantity adaptation
Starting Page	301
Ending Page	306
File Size	325496
Page Count	6
File Format	PDF
ISBN	1424404509
DOI	10.1109/ICSSSM.2006.320631
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2006-10-25
Publisher Place	France
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Costs Profitability unsold inventory Technology management valuation Investments optimization price Pricing Inventory management Microeconomics Marketing and sales Clothing industry Textile industry option
Content Type	Text
Resource Type	Article

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
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8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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