The Design and Application of an Inventory Simulation Software-ARENA

Inventory management is increasingly emphasized with the intense competition in merchandising business.This paper presents the basic concept of inventory and simulation,and then introduces some domestic and international mature simulation systems and the simulation software of ARENA,which is employed to perform simulation for such stock managment conditions as the stock level,stockout,inventory cost,etc.The results show that the software can well raise the management level and efficiency.