This paper shows the benefits of high inventory turnover in responding to demand shocks. We identify quantity- and price-responsiveness as two mediating mechanisms that distinguish how high- and low-inventory-turnover retailers (HIT and LIT retailers, respectively) can manage demand shocks....

Measuring demand uncertainty is a key activity in supply chain planning. Of various methods ofestimating the standard deviation of demand, one that has been employed successfully in therecent literature uses dispersion among expertsacirc; forecasts. However, there has been limitedempirical...