IDEAS home Printed from https://ideas.repec.org/h/spr/sptchp/978-3-031-30347-0_6.html
   My bibliography  Save this book chapter

Managing Product Variety

In: Supply Chain Analytics

Author

Listed:
  • Işık Biçer

    (York University)

Abstract

Companies increase product variety to tailor their product offerings to unique tastes and needs of their customers. Although expanding product portfolio helps increase sales, it causes some operational challenges, potentially leading to higher operational costs. In this chapter, we focus on three aspects of managing product variety: (1) product selection, (2) resource allocation, and (3) establishing operational excellence. We first demonstrate that how the mean-variance analysis can be applied to the product selection problem. We later illustrate how the inventory management and supply chain responsiveness models discussed in previous chapters can be extended to manage product variety. We conclude this chapter by discussing how to combine the responsiveness and cost reduction strategies to establish operational excellence.

Suggested Citation

  • Işık Biçer, 2023. "Managing Product Variety," Springer Texts in Business and Economics, in: Supply Chain Analytics, chapter 0, pages 197-230, Springer.
    • Handle: RePEc:spr:sptchp:978-3-031-30347-0_6
    DOI: 10.1007/978-3-031-30347-0_6
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sptchp:978-3-031-30347-0_6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.