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  • 01 Mar 2019
  • News

Case Study: Off to a Fine Art

all in, purchasing inventory at volume up front to enter the market with an abundance of options? Or should the company continue to take pieces on consignment, offering a limited assortment of plates and bowls to test the demands of the... View Details
Keywords: Jen McFarland Flint

    Milton J. Petrie

    Location, location, location. Petrie had a keen sense for “hot real estate” which he used to create a new form of retailing – the women’s specialty store. By focusing on the teen market and insisting on quick inventory turns, he created a... View Details
    Keywords: Retail
    • 05 Mar 2001
    • What Do You Think?

    Fine Coupling: Can Human Resource Management Learn from Supply Chain Management?

    removed costly inventory buffers and produced a huge sucking sound — that of inventories being sucked out of our supply chains. They allow us, for example, to design our own Dell computer and order it... View Details
    Keywords: by James Heskett
    • 01 Apr 2002
    • News

    Stocking Up Can Build Customer Value

    A classic business problem from the 1950s illustrates the tension between inventory costs and missed sales. A newspaper vendor must decide how many papers to buy each day based on typical demand. His profit is optimized, the solution... View Details
    Keywords: Colleges, Universities, and Professional Schools; Educational Services
    • 19 Dec 2016
    • News

    Harvard Students Help Mom-and-Pop Shops Get off the Ground

    restaurants, and neighborhood bakeries in Dorchester, Jamaica Plain, and Somerville, Mugford told the Boston Globe. And the experience has been eye-opening. “The projects I’ve worked on for boards took months and months,” said Lia Prendergast (MBA 2017), who worked... View Details
    Keywords: retail
    • 01 Jun 2002
    • News

    In VMI Partnerships, the Devil is in the Data

    The expression “letting the fox guard the henhouse” comes to mind when you first hear about Vendor Managed Inventory (VMI) systems, where a product manufacturer actually places orders for the retailer, determining quantities based upon... View Details
    Keywords: Laura Singleton (MBA 1988)
    • 07 Dec 2010
    • First Look

    First Look: Dec. 7

    the value of their information intermediation function. The Effect of Product Variety and Inventory Levels on Retail Sales: A Longitudinal Study Author:Zeynep Ton and Ananth Raman Publication:Production and Operations Management 19, no. 5... View Details
    Keywords: Sean Silverthorne
    • 15 Oct 2013
    • First Look

    First Look: October 15

    Retail Inventory: Managing the Canary in the Coal Mine! By: Gaur, Vishal, Saravanan Kesavan, and Ananth Raman Abstract—Retail inventory is a statistic that is closely watched by retailers as well as their investors, lenders, and... View Details
    Keywords: Sean Silverthorne
    • 07 Aug 2000
    • Research & Ideas

    Rocket Science Retailing

    forecasting; supply chain speed; inventory planning; and gathering accurate, available data. The following excerpt from their report in the Harvard Business Review shows how some of these companies are making the most of the data... View Details
    Keywords: by Marshall L. Fisher, Ananth Raman & Anna Sheen McClelland; Retail
    • 06 May 2015
    • What Do You Think?

    Are You Ready for Personalized Predictive Analytics?

    (postpone) committing inventory to a particular supply point for as long as possible through such things as careful forecasting of demand, rapid manufacture, and fast transport. The other is to invest (speculate) in long but economical... View Details
    Keywords: by James Heskett
    • 19 Nov 2001
    • Research & Ideas

    Wrapping Your Alliances In a World Wide Web

    amplify as they move up the chain, leading to a counterproductive combination of spiky order patterns and inventory shortages and surpluses. 53 To the extent that the Internet can help reduce information gaps and delays, it can be... View Details
    Keywords: by Andrew McAfee

      Fred R. Lazarus, Jr.

      Through acquisitions and organic growth, Lazarus, Jr. created the largest department store operation in the United States (including Filene’s, Bloomingdale’s, and Bullocks). Lazarus targeted the middle class through attractive store displays, ample View Details
      Keywords: Retail

        Charles Lazarus

        Lazarus revolutionized the toy industry with his chain’s “cookie-cutter” uniformity, one-price discount policy, and deep inventory of 18,000 individual items. Toys “R” Us was one of the fastest growing and most profitable firms in the... View Details
        Keywords: Retail

          Joseph L. Hudson

          Hudson created new department store policies including the maintenance of full inventories to permit immediate delivery, moderate prices, and liberal return privileges for customers. He was also one of the first in the retail industry to... View Details
          Keywords: Retail
          • 27 Oct 2016
          • News

          Paying It Forward

          inventory losses by alerting retailers when items are given free-of-charge to friends and family by purposely not being scanned by a clerk (called “sweethearting”), when barcodes are covered, when items are left in a shopping cart, or... View Details
          Keywords: Margie Kelley
          • 19 Jun 2007
          • First Look

          First Look: June 19, 2007

          and that this difference in construal partly underlies future lock-in. Download the paper: http://www.hbs.edu/research/pdf/07-038.pdf A Perceptions Framework for Categorizing Inventory Policies in Single-stage View Details
          Keywords: Martha Lagace
          • 01 Oct 1998
          • News

          Short Takes

          of deals offered by manufacturers, will not stockpile so much inventory that manufacturers will lose their incentive to offer another deal in the near future. Chun argues that manufacturers lose such inspiration when the market becomes... View Details
          Keywords: Eileen K. McCluskey

            Charles D. Tandy

            accounting problems and then secured financing for much needed expansion. Drastically reducing Radio Shack’s store size and streamlining inventory while introducing company-branded products, Tandy’s Radio Shack grew to have more than... View Details
            Keywords: Retail
            • Profile

            Jon Schechter

            As an engineer at Amazon Robotics (formerly Kiva Systems), Jon Schechter viewed the future, almost literally, from the ground floor. “We worked on fleets of orange robots that move warehouse inventory,” he explains. “They drive underneath the shelves to find and lift... View Details
            Keywords: Tech
            • 18 Sep 2007
            • First Look

            First Look: September 18, 2007

            poor on a commercial basis. Publisher's site: Business Solutions for the Global Poor: Creating Social and Economic Value Inventory Record Inaccuracy: An Empirical Analysis Authors:Nicole DeHoratius and Ananth Raman Periodical:Management... View Details
            Keywords: Martha Lagace