Retail Category Management

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1 Alexander Hiibner Retail Category Management Decision Support Systems for Assortment, Shelf Space, Inventory and Price Planning fyj. Springer

2 Contents 1 Outline Background and Motivation Objectives of this Research Classification and Contribution Scope 3 ^fv3.2 Methods Applied Overview of the Chapters Framework for Retail Demand and Supply Chain Planning Empirical Insights, Quantitative Models and Software Applications for Master Category Planning Shelf Space and Assortment Planning Shelf Space, Assortment and Inventory Planning Shelf Space, Assortment and Price Planning II Conclusions and Outlook 12 2 Framework for Retail Demand and Supply Chain Planning Introduction Contribution to Planning Frameworks Research Objective Integral Planning Perspective at Entire Retail Supply Chain Comprehensive Quantitative Decision Support Systems Specifics of Grocery Retailing Attributes of the Retail Grocery Supply Chain Reasons for Modifications in Retail Planning 20

4.4 Shelf Space, Assortment and Inventory Planning 10 1.4.5 Shelf Space, Assortment and Price Planning II 1.4.6 Conclusions and Outlook 12 2 Framework for Retail Demand and Supply Chain Planning 15 2.

3 v Contents 2.4 Framework for Retail Demand and Supply Chain Planning Overview of Retail Demand and Supply Chain Planning Long-Term Configuration Planning Mid-Term Master Planning Short-Term Execution Planning Summary of the Retail Demand and Supply Chain Planning Framework Aspects of Planning Interdependencies at Retail Shelf Management Example: Vertically Integrated Shelf Space and Price Management L Example: Horizontally Integrated Retail Operations Form Warehouse to Shelf Conclusions and Future Areas for Research General Application of Retail DSCP Matrix Unified Modeling Structure DSSs for Dedicated Planning Problems DSSs for Interrelated Planning Problems Implementation of Advanced Models "-*---- in Commercial Software Packages 41 Empirical Insights, Quantitative Models and Software Applications for Master Category Planning Introduction to Master Category Planning Definition and Scope of Master Category Planning Software Applications for Master Category Planning Popularity of Software Systems in Category Planning Scope and Overview Limitation of Commercial Software Applications Scientific Models for Master Category Planning Assortment Planning Models Shelf" Space Planning Models Conclusions and Future Areas for Research Alignment of Software Applications and Science Alignment of Assortment and Shelf Space Management Alignment with Other Planning Objectives Alignment within Shelf Space Competition Summary 69 Assortment and Shelf Space Planning Introduction and Motivation Problem Definition Properties of Demand Function Instore Inventory Management and Shelf Replenishment 75

5.2 Example: Horizontally Integrated Retail Operations Form Warehouse to Shelf 39 2.6 Conclusions and Future Areas for Research 39 2.6.1 General Application of Retail DSCP Matrix 39 2.6.2 Unified Modeling Structure 40 2.

4 Contents 4.3 Literature Review of Assortment and Shelf Space Planning Assortment Planning Models Shelf Space Planning Models Formulation of the Capacitated Assortment and Shelf Space Problem (CASP) Objective Function « Constraints Numerical Examples and Test Problems Illustrative Example for Impact of Substitution Test Case for Hard Knapsack Problem Applicability of CASP for Large-Scale Problems Conclusions and Future Areas for Research 90 Assortment, Shelf Space and Inventory Planning Introduction and Motivation Problem Definition Inventory Management Systems and Cost Implications Properties of Demand Function Literature Review of Shelf Space and Inventory Planning ^Formulation of the Capacitated Assortment, Shelf Space "and Replenishment Problem (CASRP) Objective Function Constraints Numerical Examples and Test Problems Description of the Test Case Profit Impact of Integrated Assortment, Shelf Space and Inventory Planning Impact on Solution Structure Sensitivity Analyses of CASRP Applicability of CASRP for Large-Scale Categories Ill 5.6 Conclusions and Future Areas for Research 112 Assortment, Shelf Space and Price Planning Introduction and Motivation Problem Definition Properties of Demand Function Instorc Inventory Management and Shelf Replenishment Literature Review of Shelf Space and Price Planning Formulation of the Capacitated Assortment, Shelf Space and Price Problem (CASPP) Objective Function Constraints 125

5.2 Test Case for Hard Knapsack Problem 83 4.5.3 Applicability of CASP for Large-Scale Problems 89 4.6 Conclusions and Future Areas for Research 90 Assortment, Shelf Space and Inventory Planning 93 5.

5 xvi Contents 6.5 Numerical Examples and Test Problems Description of the Test Case Profit Impact of Integrated Assortment, Shelf Space and Price Planning Further Managerial Insights Sensitivity Analyses Applicability for Large-Scale Categories Conclusions and Future Areas for Research Conclusions and Outlook Contribution to Research Status Further Areas for Research Alignment with Other Planning Problems Further Demand Effects Empirical Validation of Model Recommendations Modeling Techniques Transfer to Commercial Software Applications and Retail Practice 140 Bibliography 143 i

6 Conclusions and Future Areas for Research 132 7 Conclusions and Outlook 135 7.1 Contribution to Research Status 135 7.2 Further Areas for Research 137 7.2.1 Alignment with Other Planning Problems 137 7.

Springer SUPPLY CHAIN CONFIGURATION CONCEPTS, SOLUTIONS, AND APPLICATIONS. Cham Chandra University of Michigan - Dearborn Dearborn, Michigan, USA

Springer SUPPLY CHAIN CONFIGURATION CONCEPTS, SOLUTIONS, AND APPLICATIONS. Cham Chandra University of Michigan - Dearborn Dearborn, Michigan, USA SUPPLY CHAIN CONFIGURATION CONCEPTS, SOLUTIONS, AND APPLICATIONS Cham Chandra University of Michigan - Dearborn Dearborn, Michigan, USA Jänis Grabis Riga Technical University Riga, Latvia Springer Contents