L.L. Bean must make stocking choices on 1000's of products offered through its catalogs. Oftentimes, orders should be placed with suppliers twelve or even more days before a catalog arrives at a customer's doorstep, and obligations can't be transformed after that. Consequently, L.L. Bean suffers annual deficits well over $20 million because of stock outs or liquidations of over stock. Supplies a context by which purchasing choices that balance costs of overstocking and under stocking when demand is uncertain are created and implemented on the routine basis.
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