Chen, Hong; Frank, Murray Z.; Wu, Owen Q. - In: Manufacturing & Service Operations Management 9 (2007) 4, pp. 430-456
This paper examines the inventories of publicly traded U.S. retail and wholesale companies between 1981 and 2004. First, we document that inventory holdings have been reduced. The median of wholesale inventory holding periods was reduced from 73 days to 49 days. Retail inventory did not start to...