INVENTORY MANAGEMENT POLICIES OF GOLD JEWELRY RETAILERS

Jingmin Zhang, Yongsheng Zhou, Zhe Zhou, Huanjun Yang

Abstract

With the gradually increasing pressure of market competition and the diversification of consumers’ choices, more and more gold jewelry retailers begin to seek the ways and means to reduce costs and improve profits, inventory management also is given more meaning and significance. Starting from the logistics characteristics of the gold jewelry, This article analyzes the prevalent inventory problems of gold jewelry retailers, such as low inventory turns, inventory structural imbalance and so on, and main reasons these problems emerge. On this basis, from supplier management, customer demand forecasting, replenishment strategy and the goods on display and other aspects respectively, putting forward the inventory management strategy of gold jewelry retailers.

References

  1. Xi Wen Li, Bin Li, Inventory Control and Management, Beijing: Mechanical Industry Press, 2005.3.
  2. Baoren Li, Econometrics,Beijing: Mechanical Industry Press, 2008.2
  3. Minggui Sun, Consumption Logistics Management, Beijing: China Social Sciences Publishing House, 2005.5.
  4. Cai Feng Gao, Purchase,sales,storage of the store merchandise management, Beijing: China Development Press, 2009.
  5. Zhihong Fan, store merchandise management, Beijing: Mechanical Industry Press, 2006.
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Paper Citation


in Harvard Style

Zhang J., Zhou Y., Zhou Z. and Yang H. (2011). INVENTORY MANAGEMENT POLICIES OF GOLD JEWELRY RETAILERS . In Proceedings of the 13th International Conference on Enterprise Information Systems - Volume 3: DMLSC, (ICEIS 2011) ISBN 978-989-8425-55-3, pages 517-522. DOI: 10.5220/0003589005170522


in Bibtex Style

@conference{dmlsc11,
author={Jingmin Zhang and Yongsheng Zhou and Zhe Zhou and Huanjun Yang},
title={INVENTORY MANAGEMENT POLICIES OF GOLD JEWELRY RETAILERS},
booktitle={Proceedings of the 13th International Conference on Enterprise Information Systems - Volume 3: DMLSC, (ICEIS 2011)},
year={2011},
pages={517-522},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0003589005170522},
isbn={978-989-8425-55-3},
}


in EndNote Style

TY - CONF
JO - Proceedings of the 13th International Conference on Enterprise Information Systems - Volume 3: DMLSC, (ICEIS 2011)
TI - INVENTORY MANAGEMENT POLICIES OF GOLD JEWELRY RETAILERS
SN - 978-989-8425-55-3
AU - Zhang J.
AU - Zhou Y.
AU - Zhou Z.
AU - Yang H.
PY - 2011
SP - 517
EP - 522
DO - 10.5220/0003589005170522