Optimization of Contribution Margins in Food Services by Modeling Independent Component Demand

Fernando Rojas · Víctor Leiva · Peter Wänke · Carolina Marchant

27 citations0/0 files storedRevista Colombiana de Estadística

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Supply Chain and Inventory Management Management and Optimization Techniques Logistics and Transportation Systems

Abstract

We propose a methodology useful for food services, allowing contribution margins to be optimized. This is based on statistical tools, inventory models and financial indicators. To reduce the gap between theory and practice, we apply this methodology to the case study of a Chilean company to show its potential. We conduct a real-world demand data analysis for perishable and non-perishable products in the companys inventory assortment. Then, we use suitable inventory models to optimize the associated costs. We compare the proposed optimized system with the non-optimized system currently employed by the company, using financial indicators.

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1999Inventory management and production planning and scheduling 1992Production and Operations Analysis 2019Production and Operations Analysis 2004ABC inventory classification with multiple-criteria using weighted linear optimization 1994Inventory Models Involving Lead Time as a Decision Variable 2004ERP implementation failures in China: Case studies with implications for ERP vendors 2004Forecasting for the ordering and stock-holding of spare parts 2004Multi‐attribute classification method for spare parts inventory management

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