Model for Weibull Deteriorating Items with Price - Dependent Demand and Shortages under Permissible Delay in Payment

The focus of manufacturing planning and control has gradually expanded from (in-house) production activities towards all manufacturing and logistic activities in the supply chain. Planning of in-house operations is still very important, but the trends towards increased use of outsourcing and mass customisation require that customers and suppliers are able to exchange information frequently to cut down costs and lead time while quickly adapting their manufacturing and logistics operations to market/ customer requirements. Many vendors offer systems to plan and control in-house operations, whereas only a few large vendors (such as Oracle, SAP and I2) offer supply chain planning systems. This limits the ability for SMEs to exploit the supply chain planning options. This chapter discuss current supply chain planning solutions and presents a more simple and adaptive concept to be used in both SMEs and larger enterprises. The research presented in this chapter is funded by the EU Union via the EmpoSME, ValuePole projects, and by the Research Council of Norway via the SFI Norman project. DOI: 10.4018/978-1-4666-1945-6.ch008