RETAIL SHELF INVENTORY SYSTEM

摘要

A retail shelf inventory management system includes memory for storing inventory data. The inventory data includes a study period and a retail opening time and a retail closing time for each day within the study period and historical inventory data for the study period for each of a number of different inventory items or products. The historical inventory data includes a movement value, a customer service level, a proportion of business done for each day within the study period, and a variability of demand. An optimizing program and processing unit are operatively connected to the memory devices for optimizing a shelf capacity (204) for any or each of said plurality of inventory items. Both user selected shelf capacity values and the optimized shelf capacity value can be separately utilized for calculating target stock levels (205), order-to-levels, estimated sales estimated lost sales (208), average inventory values (210) and customer service levels achieved.