TY - GEN
T1 - Relevant Factors in the Inventory Record Inaccuracy for Retail Companies
T2 - 3rd International Conference on Applied Technologies, ICAT 2021
AU - Espinoza Aguirre, Jorge Andrés
AU - Peña, Mario
AU - Jadan-Avilés, Diana
AU - Llivisaca, Juan
N1 - Publisher Copyright:
© 2022, Springer Nature Switzerland AG.
PY - 2022
Y1 - 2022
N2 - Retail companies are an essential industry for economic development in every country. In these organizations, at least 60% of the assets correspond to inventory. Therefore, inventory record inaccuracy (IRI) is a problem among these companies. IRI is the gap generated between physical audits and system records, which affects the retailer by changing their book value, increasing economic losses, and providing poor customer service. This study aims to identify the factors that cause IRI in retail companies and, using a mathematical model, works to help retailers minimize the gap between registers. As a consequence, retailers can reduce potential losses in the company. Two mathematical models are proposed for each of the dependent variables: IRI and difference between records. The independent variables considered are quantity of sale of an item, cost, physical audit period, variety of products, product returns, sale price, and quantity sold. This work concludes by comparing both models, highlighting the most influential variables.
AB - Retail companies are an essential industry for economic development in every country. In these organizations, at least 60% of the assets correspond to inventory. Therefore, inventory record inaccuracy (IRI) is a problem among these companies. IRI is the gap generated between physical audits and system records, which affects the retailer by changing their book value, increasing economic losses, and providing poor customer service. This study aims to identify the factors that cause IRI in retail companies and, using a mathematical model, works to help retailers minimize the gap between registers. As a consequence, retailers can reduce potential losses in the company. Two mathematical models are proposed for each of the dependent variables: IRI and difference between records. The independent variables considered are quantity of sale of an item, cost, physical audit period, variety of products, product returns, sale price, and quantity sold. This work concludes by comparing both models, highlighting the most influential variables.
KW - Difference between records
KW - Inventory management
KW - Inventory record inaccuracy
KW - Product returns
KW - Retail
UR - https://www.scopus.com/pages/publications/85128491987
U2 - 10.1007/978-3-031-03884-6_40
DO - 10.1007/978-3-031-03884-6_40
M3 - Contribución a la conferencia
AN - SCOPUS:85128491987
SN - 9783031038839
T3 - Communications in Computer and Information Science
SP - 552
EP - 564
BT - Applied Technologies - 3rd International Conference, ICAT 2021, Proceedings
A2 - Botto-Tobar, Miguel
A2 - Montes León, Sergio
A2 - Torres-Carrión, Pablo
A2 - Zambrano Vizuete, Marcelo
A2 - Durakovic, Benjamin
PB - Springer Science and Business Media Deutschland GmbH
Y2 - 27 October 2021 through 29 October 2021
ER -