Event Title
Location
Marshall University
Start Date
9-11-2018 12:20 PM
End Date
9-11-2018 12:40 PM
Description
A brick-and-mortar retailer can fulfill online customer orders in two ways (i) Buy Online Fulfill from Store (BOFS) - Picked from store inventory, and (ii) Fulfill from Distribution Center (FDC) - Picked from DC or warehouse inventory. The fulfillment decision is made in real time for each order, with the primary goal of maximizing the revenue value of the store inventory. Analysis of sales data in both online and store channels is used to forecast the value of the dispersed inventory, and then develop a prescriptive model for making a fulfillment decision.
Included in
Using Omnichannel Sales Data Analytics to Decide Between Store and Distribution Center Fulfillment Options
Marshall University
A brick-and-mortar retailer can fulfill online customer orders in two ways (i) Buy Online Fulfill from Store (BOFS) - Picked from store inventory, and (ii) Fulfill from Distribution Center (FDC) - Picked from DC or warehouse inventory. The fulfillment decision is made in real time for each order, with the primary goal of maximizing the revenue value of the store inventory. Analysis of sales data in both online and store channels is used to forecast the value of the dispersed inventory, and then develop a prescriptive model for making a fulfillment decision.
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