Retail & wholesale inventories: A literature review and path forward

Author:

Marzolf Micah J.1ORCID,Miller Jason W.2ORCID,Peinkofer Simone T.2ORCID

Affiliation:

1. Department of Supply Chain Management, Debbie and Jerry Ivy College of Business Iowa State University Ames Iowa USA

2. Department of Supply Chain Management, Eli Broad College of Business Michigan State University East Lansing Michigan USA

Abstract

AbstractEfficient management of inventories is essential for both retailers and wholesalers. Two disciplines which have extensively studied retail and wholesale (R&W) inventories are supply chain management (SCM) and economics. Each discipline is affected by R&W inventories but has taken different approaches to investigating these inventories, presenting an opportunity for learning between disciplines. In this manuscript, we aim to advance the study of R&W inventories in the SCM discipline. We accomplish this goal by reviewing and synthesizing SCM and economics research set in the R&W sectors that studies inventories or inventory performance as the outcome of interest. To synthesize the literature and develop research suggestions, we develop a framework along which to classify the existing literature to identify gaps and opportunities, grouping the literature based on (1) the level at which inventory is studied (sector/industry level, firm level, or SKU/product/category level) and (2) the type of predictors that are studied (internal or external). Based on the literature review, we identify opportunities for future research to enhance our understanding of R&W inventories, with research falling within four topics: (1) resolving inconsistencies across studies; (2) expanding the study of R&W inventories within the developed framework; (3) cross‐level theorizing; and (4) theorizing across time.

Publisher

Wiley

Subject

Management Science and Operations Research,Business, Management and Accounting (miscellaneous)

Reference119 articles.

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3. Time: A New Research Lens

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