In conclusion, inventory management will always be part art and science, as tacit & implicit knowledge is needed to provide greater insight into the analysis generated fro enterprise software applications specifically designed to streamline inventory management. The inherent unquantifiable aspects of demand management will also make inventory management a continually difficult, complex problem enterprises must confront daily to stay profitable and grow.
References
Forecasting and Demand References
Leung, S. (2003, Oct 01). Where's the beef? A glutted market leaves food chains hungry for sites; finding spots for new outlets takes heaps of research and an eye for details; hint: Move next to Wal-Mart. Wall Street Journal, pp. a.1-a.1.
http://bpp.wharton.upenn.edu/waldfogj/250/clippings/externalities/WSJ%2010-1-2003%20Hint-%20Move%20Next%20to%20Wal-Mart.pdf
Meng, F., Tepanon, Y., & Uysal, M. (2008). Measuring tourist satisfaction by attribute and motivation: The case of a nature-based resort. Journal of Vacation Marketing, 14(1), 41-56.
http://www2.itu.tu.ac.th/itu/web/files/measuring%20tourist_yodmani_0.pdf
Prewitt, M. (2007). Customer data mining aids in quests for lucrative new sites. Nations Restaurant News, 41(18), 1-1,53. http://nrn.com/article/customer-data-mining-aids-quests-lucrative-new-sites
(2007a). Site analysis tools do new encroachment-aversion duty. Nations Restaurant News, 41(10), 1-1,6.
http://nrn.com/article/site-analysis-tools-do-new-encroachment-aversion-duty
Inventory Management References
Chung, Q.B., Willemain, T.R., & OKeefe,, R.M. (2000). Influence of model management systems on decision making: Empirical evidence and implications. The Journal of the Operational Research Society, 51(8), 936-948.
Link: http://www30.homepage.villanova.edu/q.chung/r/jors2000.pdf
Giannoccaro, I., & Pontrandolfo, P. (2002). Inventory management in supply chains: A reinforcement learning approach. International Journal of Production Economics, 78(2), 153-161. Link: http://ideas.repec.org/a/eee/proeco/v78y2002i2p153-161.html
Kurawarwala, a.A., & Hirofumi, M. (1996). Forecasting and inventory management of short life-cycle products. Operations Research, 44(1), 131-131.
Link: http://math.clas.asu.edu/~dieter/courses/oldcourses/mat451/fall08/References/KurawarwalaMatsuo1996.pdf
Mathaba, S., Dlodlo, N., Smith, a., & Adigun, M. (2011). The use of RFID and web 2.0 technologies to improve inventory management in south african enterprises. Electronic Journal of Information Systems Evaluation, 14(2), 228-241. Link:
http://researchspace.csir.co.za/dspace/bitstream/10204/5518/1/Mathaba1_2011.pdf
Wang, H., & Yan, H. (2009). Inventory management for customers with alternative lead times. Production and Operations Management, 18(6), 705-720.
Link: http://cfins.au.tsinghua.edu.cn/personalhg/wanghaifeng/FlexibleLeadTimeContract.pdf
