This paper develops a single-vendor single-retailer supply chain for multi-product. The proposed model is based on Vendor Managed Inventory (VMI) approach and vendor uses the retailer's data for better decision making. Number of orders and available capital are the constraints of the model. In this system, shortages are backordered; therefore, the vendor’s warehouse capacity is another limitati...

The concept of vendor managed inventory (VMI) radically changes a traditional inventory management. With regard to the traditional concept, customers make a replenishment decision. However, the VMI concept is that the responsibility for replenishment process is allocated from the customer to the suppliers. As it requires both trading partner sharing more information; therefore, this contributes...

Vendor-managed inventory (VMI) is one of the emerging solutions for improving the supply chain efficiency. It gives the supplier the responsibility to monitor and decide the inventory replenishments of their customers. In this paper, an integrated location–inventory distribution network problem which integrates the effects of facility location, distribution, and inventory issues is formulated u...

this paper develops a single-vendor single-retailer supply chain for multi-product. the proposed model is based on vendor managed inventory (vmi) approach and vendor uses the retailer's data for better decision making. number of orders and available capital are the constraints of the model. in this system, shortages are backordered; therefore, the vendor’s warehouse capacity is another limitati...

In this paper, we extend the models in the literature [Lee, H.L., So, K.C., Tang, C., 2000. The value of information sharing in a two-level supply chain. Management Science 46 (5), 626–643; Raghunathan, S., Yeh, A.B., 2001. Beyond EDI: impact of continuous replenishment program (CRP) between a manufacturer and its retailers. Information Systems Research 12 (4), 406–419] to analyze the benefits ...

Managing inventories is crucial to the objective of minimizing supply chain costs. This paper presents an approach for setting inventory norms in context of a real-life case of an industry which practices Vendor Managed Inventory (VMI). The role of warehouses and the inventories held by them becomes significant in such an environment. This paper presents a two-phase approach to determine variou...

Campbell Soup’s Continuous Replenishment (CR) program is a novel innovation designed to improve the e¢ciency of inventory management throughout the supply chain. With CR: (1) retailers pay a constant wholesale price but continue to participate in consumer promotions; (2) retailers transmit to the supplier daily inventory information, via Electronic Data Interchange (EDI); and (3) the supplier a...

This paper discusses how a vendor manages multiple products within its multiple non-identical retailers operating under a vendor managed inventory (VMI) contract that allows unequal shipment frequencies to the retailers. The vendor replenishment cycle for each product is taken to be an integer multiple of the retailer replenishment cycle where vendor is penalized for exceeding the upper stock l...

One of the most common and successful approaches for integrated supply chain management (SCM) is vendor-managed inventory (VMI). In VMI, a vendor takes control decisions retailers. To establish long-run relationship between retailer, it necessary to consider two impactful factors: vendors retailers' reliability, optimal selection For this purpose, redundancy allocation problem (RAP), as an effe...