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	Modeling and values of vendor managed inventory in the retail supply chain
	Xie, Meiping1; Olson, David L.2
	2006
关键词	VMI supply chain management system cost analysis
页码	465-+
英文摘要	Vendor managed inventory (VMI) is one of the most widely discussed partnering initiatives for improving multi-firm supply chain efficiency. VMI became one of the key programs in the grocery industry's pursuit of "efficient consumer response" and garment industry's "quick response". And at present, we know that many companies have successfully improved their supply chain performance by implementing the approach of VMI. With VMI, vendors specify delivery quantities sent to customers through the distribution channel using data obtained from Electronic Data Interchange (EDI). A model for a VMI system is constructed where vendors can manage stock at the retailers' locations. A supply chain system in this model has been constructed which is composed of in vendors and n identical retailers. Vendors' and retailers' profits can be calculated for different retailer order batch policies. In this model, we use several parameters because the distances between the vendors and retailers are not same; the stock costs of vendors can vary; the kinds, prices and quantities of retailers' ordering can vary; stock-out contributions of retailers to the vendors can vary. The objective of the model is to minimize total inventory costs for vendors. The model also can analyze how alternative policies can minimize vendor and retailer profits. A simulation example is given.
会议录出版者	IEEE
会议录出版地	345 E 47TH ST, NEW YORK, NY 10017 USA
语种	英语
WOS研究方向	Engineering ; Business & Economics ; Operations Research & Management Science
WOS记录号	WOS:000241425100085
内容类型	会议论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/3292]
专题	上海财经大学
作者单位	1.Shanghai Univ Finance & Econ, Sch Informat Management & Engn, Shanghai 200433, Peoples R China; 2.Univ Nebraska, MIS, Lincoln, NE 68588 USA
推荐引用方式 GB/T 7714	Xie, Meiping,Olson, David L.. Modeling and values of vendor managed inventory in the retail supply chain[C]. 见:.

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