A Review on Theoretical Development of Vendor-Managed Inventory in Supply Chain
نویسندگان
چکیده
منابع مشابه
Vendor Managed Inventory of a Supply Chain under Stochastic Demands
In this research, an integrated inventory problem is formulated for a single-vendor multiple-retailer supply chain that works according to the vendor managed inventory policy. The model is derived based on the economic order quantity in which shortages with penalty costs at the retailers` level is permitted. As predicting customer demand is the most important problem in inventory systems and th...
متن کاملVendor Managed Inventory of a Single-vendor Multiple-retailer Single-warehouse Supply Chain under Stochastic Demands
In this study, a vendor-managed inventory model is developed for a single-vendor multiple-retailer single-warehouse (SV-MR-SV) supply chain problem based on the economic order quantity in which demands are stochastic and follow a uniform probability distribution. In order to reduce holding costs and to help balanced on-hand inventory cost between the vendor and the retailers, it is assumed that...
متن کاملSupply chain integration 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 vendor-managed inventory (VMI). Results from the model show that benefits, in the form of inventory cost reductions, may be generated from integration depending upon the ratio of the order costs of the supplier to the buyer and...
متن کاملvendor managed inventory of a supply chain under stochastic demands
in this research, an integrated inventory problem is formulated for a single-vendor multiple-retailer supply chain that works according to the vendor managed inventory policy. the model is derived based on the economic order quantity in which shortages with penalty costs at the retailers` level is permitted. as predicting customer demand is the most important problem in inventory systems and th...
متن کاملvendor managed inventory of a single-vendor multiple-retailer single-warehouse supply chain under stochastic demands
abstractin this study, a vendor-managed inventory model is developed for a single-vendor multiple-retailer single-warehouse (sv-mr-sv) supply chain problem based on the economic order quantity in which demands are stochastic and follow a uniform probability distribution. in order to reduce holding costs and to help balanced on-hand inventory cost between the vendor and the retailers, it is assu...
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ژورنال
عنوان ژورنال: American Journal of Industrial and Business Management
سال: 2019
ISSN: 2164-5167,2164-5175
DOI: 10.4236/ajibm.2019.94068