Inventory Management for Department Store Chain
This project examines an existing Kaggle dataset containing sales records of a supermarket company in Myanmar. Our goal is to model the demand and derive a suitable delivery schedule for each of the company’s product category in each city.
This project examines an existing Kaggle dataset containing sales records of a supermarket company in Myanmar. The company has branches in major Burmese cities, such as Naypyitaw, Mandalay and Yangon; it sells products across divergent categories, from fashion to consumer electronics to food and beverages. Our goal is to model the demand and derive a suitable delivery schedule for each of the company’s product category in each city.
We assume a central warehouse from which products are dispatched to the 3 cities. The analysis consists of 3 steps:
- Investigating possible demand interactions across product lines and cities with ANOVA
- Modeling demands using the Gamma distribution and performing goodness-of-fit tests
- Applying the Multi-period Newsvendor Model to find suitable period lengths and quantities for restock deliveries
Team Members
-
Ilya Haider
-
Kua Yi Jie Isaac
-
Ang Jian Yu Kenny
-
Faheem Zuhairi
-
Ong Yao Jun Timothy
-
Nguyen Hoai Nam