Application of JIT Purchasing on Realizing Zero Inventory Management for Bookuu Website

Abstract:

This study focuses on the high cancellation rate of purchasing orders at the Bookuu Bookstore website. The discussion starts with some problems associated with the original Bookuu website, especially issues related to order cancellations due to "insufficient inventory". Then, a method of setting up virtual inventory based on the theory of just-in-time purchasing is proposed, which is intended to improve inventory management. In addition, the business process of the Bookuu website is optimized. Finally, we compare and analyze the order cancellation situation before and after implementing the zero-inventory management scheme. Statistical analysis shows that the percentage of the cancelled orders caused by "insufficient inventory" significantly decreased, proving that zero-inventory management of Bookuu.com has been achieved.

• Periodical: Key Engineering Materials (Volume 584)
• Pages: 245-250
• DOI: https://doi.org/10.4028/www.scientific.net/KEM.584.245
• Online since: September 2013
• Authors: Xue Qi Xu, Ling Yan Meng, Xiao Bo Qian
• Keywords: B2C E-Commerce, Business Process Optimization, Just-in-Time (JIT) Purchasing, Zero-Inventory Management

References

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DOI: 10.1016/s0305-0483(00)00016-5

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