A New Performance Measure: Inventory-Driven Cost
نویسنده
چکیده
Xavier de Montgros, Supply Chain Development Director at Hewlett-Packard (HP), was referring to HP’s Inventory-Driven Cost (IDC) metric, introduced in the late 1990s in an attempt to restore the company’s profitability in the highly competitive personal computer (PC) industry. The new performance measure was intended to focus the organization’s attention on creating value in the supply chain through efficient matching of demand and supply.
منابع مشابه
A New Multi-Objective Inventory-Routing Problem by an Imperialist Competitive Algorithm
One of the most important points in a supply chain is customer-driven modeling, which reduces the bullwhip effect in the supply chain, as well as the costs of investment on the inventory and efficient transshipment of the products. Their homogeneity is reflected in the inventory-routing problem, which is a combination of distribution and inventory management. This paper considers a multi object...
متن کاملProposing a Novel Cost Sensitive Imbalanced Classification Method based on Hybrid of New Fuzzy Cost Assigning Approaches, Fuzzy Clustering and Evolutionary Algorithms
In this paper, a new hybrid methodology is introduced to design a cost-sensitive fuzzy rule-based classification system. A novel cost metric is proposed based on the combination of three different concepts: Entropy, Gini index and DKM criterion. In order to calculate the effective cost of patterns, a hybrid of fuzzy c-means clustering and particle swarm optimization algorithm is utilized. This ...
متن کاملInvestigating Impact of Intelligent Agents in Improving Supply Chain Performance
Improvement in supply chain performance is one of the major issues in the current world. Lack of coordination in the supply chain is the main drawback of supply chain that many researchers have proposed different methodologies to overcome it. VMI (Vendor-managed inventory) is one of these methodologies that implementing it has some obstacles. This paper proposes new model that is agent-managed ...
متن کاملNonparametric Data-Driven Algorithms for Multi-Product Inventory Systems with Censored Demand
We propose a nonparametric data-driven algorithm called DDM for the management of stochastic periodicreview multi-product inventory systems with a warehouse-capacity constraint. The demand distribution is not known a priori and the firm only has access to past sales data (often referred to as censored demand data). We measure performance of DDM through regret, the difference between the total e...
متن کاملTechnical Note - Nonparametric Data-Driven Algorithms for Multiproduct Inventory Systems with Censored Demand
We propose a nonparametric data-driven algorithm called DDM for the management of stochastic periodicreview multi-product inventory systems with a warehouse-capacity constraint. The demand distribution is not known a priori and the firm only has access to past sales data (often referred to as censored demand data). We measure performance of DDM through regret, the difference between the total e...
متن کامل