An Inventory Management Model in Mobile Commerce

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2010 International Conference of Information Science and Management Engineering

An Inventory Management Model in Mobile Commerce

Yingfei Zheng
Shanghai Institute of Foreign Trade Finance & Management School Shanghai, P.R.C. e-mail: yfzheng2003@163.com Abstract—In the mobile commerce environment, inventory management evolved into mobile inventory management. The latter is different from the traditional inventory management in many ways. In this paper, an integrated practical model is developed to enhance the inventory management in mobile commerce. The key points to develop this practical inventory management model include determining the order point quantity, determining the economic order quantity and determining the safety stock. In the last section, the applicability of this model was examined, which proved that this model made the mobile inventory management to be a routine. Keywords- Mobile Commerce; Inventory Management model; Mobile Inventory Management

Xianghui Meng
Shanghai Jiao Tong University School of Mechanical Engineering Shanghai, P.R.C. e-mail: xhmeng@sjtu.edu.cn and in time, which enhance the service level of the corporation to some extent, and gain more marketing share for the corporation. The topic of mobile commerce is still under development and offers potential for further research and applications, as this subject is just at the stage of development. What is more, although large volumes of literatures are available on mobile commerce [4], there are deep gaps between theory and practice. It’s necessary for us to bring mobile commerce to practice. Naturally, we can introduce it to daily operation management, such as inventory management. As the development of mobile commerce boosts the world economy and trading, integrating inventory management and mobile commerce will gain advantages for the corporations which implement mobile inventory management. However, there are also many issues both in inventory management and mobile...
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