Evaluating vendor-managed inventory (VMI) in non-traditional environments using simulation
نویسندگان
چکیده
منابع مشابه
Integrating Transport into Supply Chains: Vendor Managed Inventory (VMI)
Despite the importance of transport within the supply chain, it has traditionally been treated as a separate function within businesses. More recently there has been increased recognition that transport needs to be integrated into the supply chain. This chapter considers vendor managed inventory, and demonstrates how it can be used to improve both transport and supply chain performance. With VM...
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A Vendor-Managed Inventory (VMI) supply chain is modeled using discrete-event simulation. The supply chain consists of a supplier (vendor) with a manufacturing facility and a distribution center, and a customer (retailer) with a distribution center and an outlet store. The information shared between the retailer and the vendor is subject to error and delays. The impacts of sharing erroneous dat...
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The paper compares the expected performance of a Vendor Managed Inventory (VMI) supply chain with a traditional “serially-linked” supply chain. The emphasis of this investigation is the impact these two alternative structures have on the “Bullwhip Effect” generated in the supply chain. We pay particular attention to the manufacturer’s production ordering activities via a simulation model based ...
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Vendor managed inventory (VMI) is an integrated approach for buyer–vendor coordination, according to which the vendor (supplier or manufacturer) decides on the appropriate buyer’s (retailer’s) inventory levels. The time value of money has not traditionally been considered in evaluating VMI supply chain’s total inventory cost in any studies up to now. Therefore, in the present study a new model ...
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ژورنال
عنوان ژورنال: International Journal of Production Economics
سال: 2008
ISSN: 0925-5273
DOI: 10.1016/j.ijpe.2008.09.007