ReducE-Comm: Effective Inventory Reduction System for E-Commerce
Shay Gershtein, Tova Milo, Slava Novgorodov · 2019
Many e-commerce platforms serve as an intermediary between companies/manufacturers and consumers, receiving a commission per purchase. To increase revenue, such sites tend to offer a wide variety of items. However, in many situations a smaller subset of the items should be selected and offered for sale, e.g., when opening an express branch or expanding to a new region, or when maintenance costs become prohibitive and redundant items should be disposed of. In all these cases selecting a reduced inventory which covers most consumer needs is an important goal.