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Erschienen in:
Overview of Chapters Kapitel lesen Erstes Kapitel lesen

2009 | OriginalPaper | Buchkapitel

3. The effects of firm size and sales growth rate on inventory turnover performance in the U.Sretail sector

verfasst von : Vishal Gaur, Saravanan Kesavan

Erschienen in: Retail Supply Chain Management

Verlag: Springer US

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Inventory constitutes a significant fraction of the assets of a retail firm. Specifically, inventory is the largest asset on the balance sheet for 57% of publicly traded retailers in our dataset.1 The ratio of inventory to total assets averages 35.1% with buildings, property, and equipment (net) constituting the next largest asset at 31%. Moreover, the ratio of inventory to current assets averages 58.4%. Inventory is not only large in dollar value but also critical to the performance of retailers. For example, according to Standard & Poor’s industry survey on general retailing (Sack 2000), “Merchandise inventories are a retailer’s most important asset, even though buildings, property and equipment usually exceed inventory value in dollar terms.” Thus, the importance of improving inventory management in retail trade cannot be overemphasized. …

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Vorheriges Kapitel Supply Chain Planning Processes for Two Major Retailers
Nächstes Kapitel The Role of Execution in Managing Product Availability
Fußnoten
1
The data set consists of a large cross-section of US public listed retailers for the time-period 1985–2003. The data set is summarized in Section 3.
 
2
This section of Silver et al. (1998) focuses on estimation of demand uncertainty. It does not refer to this relationship as economies of scale.
 
3
A counter argument is that as a retailer increases in size, it might have better forecasting tools and thus, might be better able to get the right product to the right place (and therefore, increase turns). Retailers’ ability to forecast may even vary non-linearly in size: they may be really good at forecasting when they are very small (not listed publicly, and hence, omitted from our data set), have difficulty as they grow and until they have reached a size such that they have good systems in place and are incorporating sophisticated decision support tools. We incorporate such differences in systems in our model by using capital intensity as a control variable.
 
4
Relative size, Sales(i,t–1)/Sales(i,0), yields identical results in an intra-firm model.
 
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Metadaten
Titel
The effects of firm size and sales growth rate on inventory turnover performance in the U.Sretail sector
verfasst von
Vishal Gaur
Saravanan Kesavan
Copyright-Jahr
2009
Verlag
Springer US
Buch
Retail Supply Chain Management

Print ISBN: 978-0-387-78902-6

Electronic ISBN: 978-0-387-78903-3

Copyright-Jahr: 2009

DOI
https://doi.org/10.1007/978-0-387-78902-6_3

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