Abstract
In the fast-fashion industry, inventory is considered as a perishable good leading with short selling periods and desirable short stockage within the stores. The main objective of transshipments is to equilibrate stocks across the store-network for a better balance between the supply and the demand. This article studies, simulates and improves transshipment decisions in a fast-fashion retail network to better fit the corresponding inventories and demands at different points of sale (PoS), including the manufacturer warehouse and a certain coverage level, which should result in increased unit sales and more efficiency. The main benefit is better matching inventory/demand at different locations.
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Acknowledgments
The research leading to these results received funding from the project “Industrial Production and Logistics Optimization in Industry 4.0” (i4OPT) (Ref. PROMETEO/2021/065) granted by the Valencian Regional Government; and from the grant PDC2022–133957-I00 (CADS4.0-II) funded by MCIN/AEI /https://doi.org/10.13039/501100011033 and by European Union Next Generation EU/PRTR.
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Mula, J., Sanchis, R., de la Torre, R., Becerra, P. (2024). Simulation and Improvement of Transshipment Decisions in a Fast-Fashion Retail Network. In: Bautista-Valhondo, J., Mateo-Doll, M., Lusa, A., Pastor-Moreno, R. (eds) Proceedings of the 17th International Conference on Industrial Engineering and Industrial Management (ICIEIM) – XXVII Congreso de Ingeniería de Organización (CIO2023). CIO 2023. Lecture Notes on Data Engineering and Communications Technologies, vol 206. Springer, Cham. https://doi.org/10.1007/978-3-031-57996-7_85
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DOI: https://doi.org/10.1007/978-3-031-57996-7_85
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