Ship-from-store operations in omni-channel retailing

Name: Ship-from-store operations in omni-channel retailing
Author: Bayram, A., Cesaret, Bahriye

İsim	Ship-from-store operations in omni-channel retailing
Yazar	Bayram, A., Cesaret, Bahriye
Basım Tarihi:	2017
Basım Yeri	- Institute of Industrial Engineers
Konu	Dynamic programming, Omni-channel retailing, Order fulfillment, Retail operations, Ship-from-store
Tür	Belge
Dil	İngilizce
Dijital	Evet
Yazma	Hayır
Kütüphane:	Özyeğin Üniversitesi
Demirbaş Numarası	978-1-5108-4802-3
Kayıt Numarası	89e6231e-e529-429e-a4c4-4dd69fb00e6c
Lokasyon	Business Administration
Tarih	2017
Örnek Metin	One of the recent trends in omni-channel retailing is ship-from-store which allows a retailer to fulfill online orders from a brick-and-mortar store. The benefits of this relatively new fulfillment model includes faster delivery, lower transportation costs, higher in-stock probability, increased sales and customer service, etc. Despite the many benefits, the model introduces many new operational challenges to the retailer. Retailer needs to identify which stores should be integrated as active fulfillment centers, and from which location to satisfy an online order when it arrives. Best Buy, Macy's and Walmart successfully integrate ship-from-store to their fulfillment strategies. We consider a retailer having both online and store operations and each channel carrying its own inventory. Store orders are fulfilled from store inventories, but for an online order the retailer can ship either from the online distribution center or from any other store location that maximizes the overall profit. Our study investigates dynamic fulfillment decisions: from which location to fulfill an online order when it arrives. We incorporate the uncertainty both in demand and in the cost of shipment to individual customers. We develop a stochastic dynamic framework and present some results on optimal fulfillment strategies.
Editör	Coperich, K., Nembhard, H., Cudney, E.
Cilt	1

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Ship-from-store operations in omni-channel retailing

Yazar Bayram, A., Cesaret, Bahriye

Basım Tarihi 2017

Basım Yeri - Institute of Industrial Engineers

Konu Dynamic programming, Omni-channel retailing, Order fulfillment, Retail operations, Ship-from-store

Tür Belge

Dil İngilizce

Dijital Evet

Yazma Hayır

Kütüphane Özyeğin Üniversitesi

Demirbaş Numarası 978-1-5108-4802-3

Kayıt Numarası 89e6231e-e529-429e-a4c4-4dd69fb00e6c

Lokasyon Business Administration

Tarih 2017

Örnek Metin One of the recent trends in omni-channel retailing is ship-from-store which allows a retailer to fulfill online orders from a brick-and-mortar store. The benefits of this relatively new fulfillment model includes faster delivery, lower transportation costs, higher in-stock probability, increased sales and customer service, etc. Despite the many benefits, the model introduces many new operational challenges to the retailer. Retailer needs to identify which stores should be integrated as active fulfillment centers, and from which location to satisfy an online order when it arrives. Best Buy, Macy's and Walmart successfully integrate ship-from-store to their fulfillment strategies. We consider a retailer having both online and store operations and each channel carrying its own inventory. Store orders are fulfilled from store inventories, but for an online order the retailer can ship either from the online distribution center or from any other store location that maximizes the overall profit. Our study investigates dynamic fulfillment decisions: from which location to fulfill an online order when it arrives. We incorporate the uncertainty both in demand and in the cost of shipment to individual customers. We develop a stochastic dynamic framework and present some results on optimal fulfillment strategies.

Editör Coperich, K., Nembhard, H., Cudney, E.

Cilt 1