Please join us for the third speaker of the 2009-2010 OMS & Juran Center Speaker Series. The presentation will be on Friday November 6th, 2009 at 10am - 11:30am, in CSOM 1-143.
“A Diagnostic
Analysis of Retail Out-of-Stocks”
will be presented by
Steven Graves
Abraham J. Siegel Professor of Management Science
MIT
Abstract:
In this talk we report on an on-going analysis of store-level inventory and sales data from a retailer. The focus of the analysis is to understand the relative store performance on out-of-stocks and inventory utilization.In particular, we examine three questions:(1) what are the factors or drivers that explain the out-of-stock occurrences across the stores?(2) Why do high-performing stores experience a higher out-of-stock rate than low-performing stores? And (3) what inventory investments might have the greatest impact on out-of-stocks?
Bio:
Stephen C. Graves is the Abraham J. Siegel Professor of Management Science at MIT.
Graves received his A.B. and M.B.A. from Dartmouth College and completed his Ph.D. in operations research from the University of Rochester.Since 1977 he has been a faculty member at the MIT Sloan School of Management. He has served as a deputy dean at the MIT Sloan School, 1990 – 1993 and the co-director of the MIT Leaders for Manufacturing (LFM) Program (1989- 1990 and 1994 – 2001) and the System Design and Management (SDM) Program (1999 – 2001).He served a two-year term as the Chair of the MIT Faculty, 2001 – 2003. He has joint faculty appointments with both the Mechanical Engineering Department and the Engineering Systems Division at MIT. He is a Faculty Fellow of the Singapore-MIT Alliance.
He teaches classes in supply chain planning and design, and in mathematical modeling and analysis, as applied to manufacturing, supply chains and distribution systems.His primary research interests are in the design and planning of manufacturing systems and supply chains; recent efforts have considered supply-chain optimization, the evaluation of manufacturing flexibility and various tactical issues arising in e-retailing. He has authored over 50 refereed papers and is the co-editor of two handbooks: Logistics of Production and Inventory and Supply Chain Management: Design, Coordination and Operation.Graves has served on several editorial boards for journals in operations management and management science, and has consulted in areas of production, logistics and distribution systems to several organizations. He has conducted industry-based research projects with numerous companies, including Amazon.com, AT&T, Boeing, Eastman Kodak, IBM, Intel, General Motors, Monsanto, Polaroid, Staples, and Teradyne. He is a member of the Board of Advisors to Optiant and Invistics, and is the chief science advisor to JDA Software.As of January 2009 he is the editor-in-chief of Manufacturing & Services Operations Management, the INFORMS journal for operations management. He has been selected as an INFORMS Fellow, a MSOM Fellow and a POMS Fellow.
If you have any questions please contact Liz Lenzen at 612-625-5348 or via e-mail at lenze013@umn.edu.
For information on the entire 2009 - 2010 Speaker Series follow the link below:
