Supply Chain Model in Vendor Managed Inventory
This paper develops an analytical model that explores how important supply chain parameters affect the cost savings to be realized from collaborative initiatives such as vendormanaged inventory (VMI).Results from the model show that the optimal replenishment frequency with VMI is greater than that without VMI,but the optimal shortage quantity and the optimal order quantity for buyer with VMI is smaller than those for buyer without VMI.Results also show that under a certain condition,the total inventory cost with VMI is lower than that without VMI and these benefits are disproportionally distributed between buyers and suppliers.
supply chain replenishment policy vendor managed inventory
Chuantao Wang Shouwen Ji Jinsheng Shen Wei Wei
School of Traffic and TransportationBeijing Jiaotong UniversityBeijing,China School of Traffic and Transportation Beijing Jiaotong University Beijing,China
国际会议
北京
英文
2008-10-12(万方平台首次上网日期,不代表论文的发表时间)