UW-Green Bay Associate Prof. Amulya Gurtu (Supply Chain Management) had a peer-reviewed article published. The paper titled “Optimization of Inventory Holding Cost Due to Price, Weight, and Volume of Items” is published in Journal of Risk and Financial Management, Volume 14, Issue 2, page 65; https://doi.org/10.3390/jrfm14020065. The study suggests that inventory holding cost should be determined at the SKU (item) level instead of using a single cost of inventory for all the items in organizations that have high variations in price per unit weight ($/lb) and price per unit volume ($/cu. ft.) in a warehouse. The paper is available, here.
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9 Jan, 2020