Publication Cover
Production Planning & Control
The Management of Operations
Volume 26, 2015 - Issue 5
1,094
Views
8
CrossRef citations to date
0
Altmetric
Articles

Linking inventory efficiency, productivity and responsiveness to retail firm outperformance: empirical insights from US retailing segments

&
Pages 393-406 | Received 03 Jul 2013, Accepted 13 Mar 2014, Published online: 10 Apr 2014

References

  • Arellano, M., and S. Bond. 1991. “Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations.” The Review of Economic Studies 58 (2): 277–297.10.2307/2297968
  • Ballou, R. H. 2000. “Evaluating Inventory Management Performance Using a Turnover Curve.” International Journal of Physical Distribution & Logistics Management 30 (1): 72–85.
  • Barber, B. M., and J. D. Lyon. 1996. “Detecting Abnormal Operating Performance: The Empirical Power and Specification of Test Statistics.” Journal of Financial Economics 41 (3): 359–399.10.1016/0304-405X(96)84701-5
  • Baum, C. F. 2006. An Introduction to Modern Econometrics Using STATA. College Station, TX: STATA Press.
  • Boyd, J. L., and R. K. F. Bresser. 2008. “Performance Implications of Delayed Competitive Responses: Evidence from the US Retail Industry.” Strategic Management Journal 29 (10): 1077–1096.10.1002/smj.v29:10
  • Chen, H., M. Z. Frank, and O. Q. Wu. 2007. “US Retail and Wholesale Inventory Performance from 1981 to 2004.” Manufacturing & Service Operations Management 9 (4): 430–456.10.1287/msom.1060.0129
  • Eroglu, C., and C. Hofer. 2011a. “Inventory Types and Firm Performance: Vector Autoregressive and Vector Error Correction Models.” Journal of Business Logistics 32 (3): 227–239.
  • Eroglu, C., and C. Hofer. 2011b. “Lean, Leaner, Too Lean? The Inventory-performance Link Revisited.” Journal of Operations Management 29 (4): 356–369.10.1016/j.jom.2010.05.002
  • Fisher, M. L., and A. Raman. 2001. “Introduction to Focused Issue: Retail Operations Management.” Manufacturing & Service Operations Management 3 (3): 189–190.10.1287/msom.3.3.189.9892
  • Fisher, M. L., and A. Raman. 2010. The New Science of Retailing. Boston, MA: Harvard Business Press.
  • Gage, J. 2007. “The Fortunes of Retailers Can Turn on a Dime. We Offer Some Unusual Metrics for Investors to Stay a Step Ahead.” Forbes (Aug.): 55. Accessed March 31. http:/www.forbes.comforbes/2007/0813/055.html.
  • Gaur, V., M. L. Fisher, and A. Raman. 1999. “What Explains Superior Retail Performance?” Archive@NYU OM-2005-3 (October): 1–39.
  • Gaur, V., M. L. Fisher, and A. Raman. 2005. “An Econometric Analysis of Inventory Turnover Performance in Retail Services.” Management Science 51 (2): 181–194.10.1287/mnsc.1040.0298
  • Ghosh, A. 1990. Retail Management. Orlando, FL: Dryden Press.
  • Greene, W. 2000. Econometric Analysis. 4th ed. Upper Saddle River, NJ: Prentice-Hall.
  • Isaksson, O. H. D., and R. W. Seifert. 2013. “Inventory Leanness and the Financial Performance of Firms.” Production Planning and Control. doi:10.1080/09537287.2013.797123.
  • Jayanthi, S., A. V. Roth, M. M. Kristal, and L. C.-R. Venu. 2009. “Strategic Resource Dynamics of Manufacturing Firms.” Management Science 55 (6): 1060–1076.10.1287/mnsc.1090.1002
  • Kähkönen, A., and K. Lintukangas. 2012. “The Underlying Potential of Supply Management in Value Creation.” Journal of Purchasing and Supply Management 18 (2): 68–75.10.1016/j.pursup.2012.04.006
  • Kennedy, P. 2003. A Guide to Econometrics. Cambridge, MA: MIT Press.
  • Kesavan, S., V. Gaur, and A. Raman. 2010. “Do Inventory and Gross Margin Data Improve Sales Forecasts for US Public Retailers?” Management Science 56 (9): 1519–1533.10.1287/mnsc.1100.1209
  • Kremer, C., R. Rizzuto, and J. Case. 2000. Managing by the Numbers: A Common Sense Guide to Understanding and Using Your Company’s Financials. Cambridge, MA: Perseus.
  • Lal, R., C. I. Knoop, and I. Tarsis. 2006. Best Buy Co., Inc.: Customer-centricity. Harvard Business School Case #9-506-055.
  • Levy, M., and B. A. Weitz. 2009. Retailing Management. 8th ed. New York: McGraw-Hill/Irwin.
  • McGahan, A. M., and M. E. Porter. 2002. “What Do We Know about Variance in Accounting Profitability?” Management Science 48 (7): 834–851.10.1287/mnsc.48.7.834.2816
  • McGurr, P. T., and S. A. DeVaney. 1998. “Predicting Business Failure of Retail Firms.” Journal of Business Research 43 (3): 169–176.10.1016/S0148-2963(97)00222-1
  • Menor, L. J., A. V. Roth, and C. H. Mason. 2001. “Agility in Retail Banking: A Numerical Taxonomy of Strategic Service Groups.” Manufacturing & Service Operations Management 3 (4): 273–292.10.1287/msom.3.4.273.9969
  • Miles, P., G. Miles, and A. Cannon. 2012. “Linking Servicescape to Customer Satisfaction: Exploring the Role of Competitive Strategy.” International Journal of Operations & Production Management 32 (7): 772–795.10.1108/01443571211250077
  • Nadkarni, S., Pol Herrmann, and P. Perez. 2011. “Domestic Mindsets and Early International Performance: The Moderating Effect of Global Industry Conditions.” Strategic Management Journal 32 (5): 510–531.10.1002/smj.v32.5
  • O’Glove, T. L. 1987. Quality of Earnings. New York: Free Press.
  • Olivares, M., and G. Cachon. 2009. “Competing Retailers and Inventory: An Empirical Investigation of General Motors’ Dealerships in Isolated US Markets.” Management Science 55 (9): 1586–1604.10.1287/mnsc.1090.1050
  • Palepu, K. 1985. “Diversification Strategy, Profit Performance and Entropy Measure.” Strategic Management Journal 6 (3): 239–255.10.1002/(ISSN)1097-0266
  • Peterson, P., and F. Fabozzi. 2006. Analysis of Financial Statements. 2nd ed. New York: Wiley.
  • Rajagopalan, S. 2012. “Impact of Variety and Distribution System Characteristics on Inventory Levels at US Retailers.” Manufacturing and Service Operations Management 15 (2): 191–204.
  • Rajagopalan, S., and A. Malhotra. 2001. “Have US Manufacturing Inventories Really Decreased? An Empirical Study.” Manufacturing & Service Operations Management 3 (1): 14–24.10.1287/msom.3.1.14.9995
  • Randall, T. R., and K. Ulrich. 2001. “Product Variety, Supply Chain Structure, and Firm Performance: Analysis of the US Bicycle Industry.” Management Science 47 (12): 1588–1604.10.1287/mnsc.47.12.1588.10237
  • Roodman, D. 2006. How to Do Xtabond2: An Introduction to ‘Difference’ and ‘System’ GMM in STATA. Working Paper No. 103. Washington, DC: Center for Global Development.
  • Roth, A. V., and J. Shockley. 2010. “A Multidisciplinary Design Model for New Service Offering Transfers and Internal Integration in Retail Chain Services.” MIS Review 15 (2): 1–32.
  • Rumyantsev, S., and S. Netessine. 2007a. “What Can Be Learned from Classical Inventory Models? A Cross-industry Exploratory Investigation.” Manufacturing & Service Operations Management 9 (4): 409–429.10.1287/msom.1070.0166
  • Rumyantsev, S., and S. Netessine. 2007b. “Should Inventory Policy Be Lean or Responsive? Evidence for US Public Companies.” Accessed September 3. http://ssrn.com/abstract=2319834, http://dx.doi.org/10.2139/ssrn.2319834.
  • Shockley, J., A. V. Roth, and L. D. Fredendall. 2011. “An Information-processing Approach for Evaluating In-store Retail Operational Design Strategies.” Decision Sciences 42 (3): 619–653.10.1111/deci.2011.42.issue-3
  • Yang, D., T. Xiao, and H. Shen. 2009. “Pricing, Service Level and Lot Size Decisions of a Supply Chain with Risk-averse Retailers: Implications to Practitioners.” Production Planning & Control 20 (4): 320–331.10.1080/09537280902843672
  • Yeung, H.-T., and T.-M. Choi. 2011. “Mass Customisation in the Hong Kong Apparel Industry.” Production Planning & Control 22 (3): 298–307.10.1080/09537287.2010.498609

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.