Demand Uncertainty And Inventory Turnover Performance An Empirical Analysis of the US Retail Industry

dc.contributor.authorHancerliogullari, Gulsah
dc.contributor.authorSen, Alper
dc.contributor.authorAktunç, Esra Ağca
dc.date.accessioned2019-06-27T08:02:03Z
dc.date.available2019-06-27T08:02:03Z
dc.date.issued2016
dc.departmentFakülteler, Mühendislik ve Doğa Bilimleri Fakültesi, Endüstri Mühendisliği Bölümüen_US
dc.description.abstractPurpose - The purpose of this paper is to investigate the impact of demand uncertainty on inventory turnover performance through empirical modeling. In particular the authors use the inaccuracy of quarterly sales forecasts as a proxy for demand uncertainty and study its impact on firm-level inventory turnover ratios. Design/methodology/approach - The authors use regression analysis to study the effect of various measures on inventory performance. The authors use a sample financial data for 304 publicly listed US retail firms for the 25-year period from 1985 to 2009. Findings - Controlling for the effects of retail segments and year it is found that inventory turnover is negatively correlated with mean absolute percentage error of quarterly sales forecasts and gross margin and positively correlated with capital intensity and sales surprise. These four variables explain 73.7 percent of the variation across firms and over time and 93.4 percent of the within-firm variation in the data. Practical implications - In addition to conducting an empirical investigation for the sources of variation in a major operational metric the results in this study can also be used to benchmark a retailer's inventory performance against its competitors. Originality/value - The authors develop a new proxy to measure the demand uncertainty that a firm faces and show that this measure may help to explain the variation in inventory performance.en_US]
dc.identifier.citation22
dc.identifier.doi10.1108/IJPDLM-12-2014-0303en_US
dc.identifier.endpage708
dc.identifier.issn0960-0035en_US
dc.identifier.issn1758-664Xen_US
dc.identifier.issn0960-0035
dc.identifier.issn1758-664X
dc.identifier.scopus2-s2.0-84976586183en_US
dc.identifier.scopusqualityQ1
dc.identifier.startpage681en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12469/538
dc.identifier.urihttps://doi.org/10.1108/IJPDLM-12-2014-0303
dc.identifier.volume46en_US
dc.identifier.wosWOS:000379776600008en_US
dc.identifier.wosqualityQ1
dc.institutionauthorAktunç, Esra Ağcaen_US
dc.language.isoenen_US
dc.publisherEmerald Group Publishing Limiteden_US
dc.relation.journalInternational Journal of Physical Distribution & Logistics Managementen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectOperational Performanceen_US
dc.subjectInventory Managementen_US
dc.subjectRetail Industryen_US
dc.titleDemand Uncertainty And Inventory Turnover Performance An Empirical Analysis of the US Retail Industryen_US
dc.typeArticleen_US
dspace.entity.typePublication

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