Introducing Economic Order Quantity Model for Inventory Control in Web based Point of Sale Applications and Comparative Analysis of Techniques for Demand Forecasting in Inventory Management

Abstract

This paper has primary focus on the aspect of inventory management in web based point of sale applications for supermarkets. The major research focus include selection of efficient technique for demand forecasting in retail industry, the introduction of Economic Order Quantity model to reduce the overall inventory related costs and stock-out, analyzing… (More)

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