Demand and Supply Planning in Retail Operations

Ferdoush Saleheen; Md. Mamun Habib; Bishwajit Banik Pathik; Zurina Hanafi

doi:doi:10.11648/j.ijber.s.2014030601.18

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Demand and Supply Planning in Retail Operations

Ferdoush Saleheen, Md. Mamun Habib, Bishwajit Banik Pathik, Zurina Hanafi

Published in International Journal of Business and Economics Research (Volume 3, Issue 6-1)

Received: 29 September 2014 Accepted: 5 October 2014 Published: 11 December 2014

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Abstract

The research represents a comprehensive study of retail operation. The paper elaborates a broad perspective of a demand and supply chain which interacts with macro and micro environmental factors and translates it into a customer requirement. The authors describe on different techniques and tools on demand and supply planning which leads to an optimized level of inventory, less cash outflow, higher product varieties and a greater customer satisfaction. Eventually fulfilling all these ensures increase in sales and profits to stakeholders; an ultimate objective of a firm. This paper demonstrates a holistic view on how a firm’s supply chain operates as a whole. In addition, this study also highlights some retail examples in the US as well as in Bangladesh which unlock further frontiers for the practitioners and prospective researchers to replenish their practices as well as expertise in the retail industry respectively.

Published in	International Journal of Business and Economics Research (Volume 3, Issue 6-1) This article belongs to the Special Issue Supply Chain Management: Its Theory and Applications
DOI	10.11648/j.ijber.s.2014030601.18
Page(s)	51-56
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2014. Published by Science Publishing Group

Keywords

Vendor Managed Inventory (VMI), Electronic Data Interchange (EDI), Collaborative Planning, Forecasting and Replenishment (CPFR), Enterprise Resource Planning (ERP), Supply Chain, Demand & Supply

References

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[9]	Barratt, M. and Oliveira, A.,”Exploring the experiences of collaborative planning initiatives”, International Journal of Physical Distribution & Logistics Management (IJPDLM), 2001, Vol.31, No.4, pp.266-289.
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APA Style

Ferdoush Saleheen, Md. Mamun Habib, Bishwajit Banik Pathik, Zurina Hanafi. (2014). Demand and Supply Planning in Retail Operations. International Journal of Business and Economics Research, 3(6-1), 51-56. https://doi.org/10.11648/j.ijber.s.2014030601.18

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ACS Style

Ferdoush Saleheen; Md. Mamun Habib; Bishwajit Banik Pathik; Zurina Hanafi. Demand and Supply Planning in Retail Operations. Int. J. Bus. Econ. Res. 2014, 3(6-1), 51-56. doi: 10.11648/j.ijber.s.2014030601.18

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AMA Style

Ferdoush Saleheen, Md. Mamun Habib, Bishwajit Banik Pathik, Zurina Hanafi. Demand and Supply Planning in Retail Operations. Int J Bus Econ Res. 2014;3(6-1):51-56. doi: 10.11648/j.ijber.s.2014030601.18

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@article{10.11648/j.ijber.s.2014030601.18,
  author = {Ferdoush Saleheen and Md. Mamun Habib and Bishwajit Banik Pathik and Zurina Hanafi},
  title = {Demand and Supply Planning in Retail Operations},
  journal = {International Journal of Business and Economics Research},
  volume = {3},
  number = {6-1},
  pages = {51-56},
  doi = {10.11648/j.ijber.s.2014030601.18},
  url = {https://doi.org/10.11648/j.ijber.s.2014030601.18},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.s.2014030601.18},
  abstract = {The research represents a comprehensive study of retail operation. The paper elaborates a broad perspective of a demand and supply chain which interacts with macro and micro environmental factors and translates it into a customer requirement. The authors describe on different techniques and tools on demand and supply planning which leads to an optimized level of inventory, less cash outflow, higher product varieties and a greater customer satisfaction. Eventually fulfilling all these ensures increase in sales and profits to stakeholders; an ultimate objective of a firm.  This paper demonstrates a holistic view on how a firm’s supply chain operates as a whole. In addition, this study also highlights some retail examples in the US as well as in Bangladesh which unlock further frontiers for the practitioners and prospective researchers to replenish their practices as well as expertise in the retail industry respectively.},
 year = {2014}
}

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TY  - JOUR
T1  - Demand and Supply Planning in Retail Operations
AU  - Ferdoush Saleheen
AU  - Md. Mamun Habib
AU  - Bishwajit Banik Pathik
AU  - Zurina Hanafi
Y1  - 2014/12/11
PY  - 2014
N1  - https://doi.org/10.11648/j.ijber.s.2014030601.18
DO  - 10.11648/j.ijber.s.2014030601.18
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 51
EP  - 56
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.s.2014030601.18
AB  - The research represents a comprehensive study of retail operation. The paper elaborates a broad perspective of a demand and supply chain which interacts with macro and micro environmental factors and translates it into a customer requirement. The authors describe on different techniques and tools on demand and supply planning which leads to an optimized level of inventory, less cash outflow, higher product varieties and a greater customer satisfaction. Eventually fulfilling all these ensures increase in sales and profits to stakeholders; an ultimate objective of a firm.  This paper demonstrates a holistic view on how a firm’s supply chain operates as a whole. In addition, this study also highlights some retail examples in the US as well as in Bangladesh which unlock further frontiers for the practitioners and prospective researchers to replenish their practices as well as expertise in the retail industry respectively.
VL  - 3
IS  - 6-1
ER  -

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Author Information

Ferdoush Saleheen

School of Quantitative Sciences, Universiti Utara Malaysia (UUM), Kedah, Malaysia
Md. Mamun Habib

School of Quantitative Sciences, Universiti Utara Malaysia (UUM), Kedah, Malaysia
Bishwajit Banik Pathik

Dept. of Electrical and Electronic Engineering, American International University-Bangladesh (AIUB), Bangladesh
Zurina Hanafi

School of Quantitative Sciences, Universiti Utara Malaysia (UUM), Kedah, Malaysia

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Plain Text BibTeX RIS

APA Style

Ferdoush Saleheen, Md. Mamun Habib, Bishwajit Banik Pathik, Zurina Hanafi. (2014). Demand and Supply Planning in Retail Operations. International Journal of Business and Economics Research, 3(6-1), 51-56. https://doi.org/10.11648/j.ijber.s.2014030601.18

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ACS Style

Ferdoush Saleheen; Md. Mamun Habib; Bishwajit Banik Pathik; Zurina Hanafi. Demand and Supply Planning in Retail Operations. Int. J. Bus. Econ. Res. 2014, 3(6-1), 51-56. doi: 10.11648/j.ijber.s.2014030601.18

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AMA Style

Ferdoush Saleheen, Md. Mamun Habib, Bishwajit Banik Pathik, Zurina Hanafi. Demand and Supply Planning in Retail Operations. Int J Bus Econ Res. 2014;3(6-1):51-56. doi: 10.11648/j.ijber.s.2014030601.18

Copy | Download

@article{10.11648/j.ijber.s.2014030601.18,
  author = {Ferdoush Saleheen and Md. Mamun Habib and Bishwajit Banik Pathik and Zurina Hanafi},
  title = {Demand and Supply Planning in Retail Operations},
  journal = {International Journal of Business and Economics Research},
  volume = {3},
  number = {6-1},
  pages = {51-56},
  doi = {10.11648/j.ijber.s.2014030601.18},
  url = {https://doi.org/10.11648/j.ijber.s.2014030601.18},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.s.2014030601.18},
  abstract = {The research represents a comprehensive study of retail operation. The paper elaborates a broad perspective of a demand and supply chain which interacts with macro and micro environmental factors and translates it into a customer requirement. The authors describe on different techniques and tools on demand and supply planning which leads to an optimized level of inventory, less cash outflow, higher product varieties and a greater customer satisfaction. Eventually fulfilling all these ensures increase in sales and profits to stakeholders; an ultimate objective of a firm.  This paper demonstrates a holistic view on how a firm’s supply chain operates as a whole. In addition, this study also highlights some retail examples in the US as well as in Bangladesh which unlock further frontiers for the practitioners and prospective researchers to replenish their practices as well as expertise in the retail industry respectively.},
 year = {2014}
}

Copy | Download

TY  - JOUR
T1  - Demand and Supply Planning in Retail Operations
AU  - Ferdoush Saleheen
AU  - Md. Mamun Habib
AU  - Bishwajit Banik Pathik
AU  - Zurina Hanafi
Y1  - 2014/12/11
PY  - 2014
N1  - https://doi.org/10.11648/j.ijber.s.2014030601.18
DO  - 10.11648/j.ijber.s.2014030601.18
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 51
EP  - 56
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.s.2014030601.18
AB  - The research represents a comprehensive study of retail operation. The paper elaborates a broad perspective of a demand and supply chain which interacts with macro and micro environmental factors and translates it into a customer requirement. The authors describe on different techniques and tools on demand and supply planning which leads to an optimized level of inventory, less cash outflow, higher product varieties and a greater customer satisfaction. Eventually fulfilling all these ensures increase in sales and profits to stakeholders; an ultimate objective of a firm.  This paper demonstrates a holistic view on how a firm’s supply chain operates as a whole. In addition, this study also highlights some retail examples in the US as well as in Bangladesh which unlock further frontiers for the practitioners and prospective researchers to replenish their practices as well as expertise in the retail industry respectively.
VL  - 3
IS  - 6-1
ER  -

Copy | Download