For many companies, inventory record inaccuracy is a major obstacle to achieving operational excellence. In this paper, we consider an inventory system in which inventory records are inaccurate. The manager makes inventory inspection and replenishment decisions at the beginning of each period....

Companies often face nonstationary demand due to product life cycles and seasonality, and nonstationary demand complicates supply chain managers' inventory decisions. This paper proposes a simple heuristic for determining stocking levels in a serial inventory system. Unlike the exact...

Inventory record inaccuracy leads to ineffective replenishment decisions and deteriorates supply chain performance. Conducting cycle counts (i.e., periodic inventory auditing) is a common approach to correcting inventory records. It is not clear, however, how inaccuracy at different locations...