[1] Jiang Zhenying, Yu Haisheng, Peng Lubin, Zhao Lindu, et al. Methods of vendor managed inventory controlin supply chain management [J]. Journal of Southeast University (English Edition), 2003, 19 (4): 405-409. [doi:10.3969/j.issn.1003-7985.2003.04.021]

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Methods of vendor managed inventory controlin supply chain management()

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Journal of Southeast University (English Edition)[ISSN:1003-7985/CN:32-1325/N]

Volumn:

19

Issue:

2003 4

Page:

405-409

Research Field:

Mathematics, Physics, Mechanics

Publishing date:

2003-12-30

Info

Title:

Methods of vendor managed inventory controlin supply chain management

Author(s):

Jiang Zhenying¹;  Yu Haisheng²;  Peng Lubin²;  Zhao Lindu²

¹School of Management, Huazhong University of Science and Technology, Wuhan 430074, China
²School of Economics and Management, Southeast University, Nanjing 210096, China

Keywords:

supply chain management;  inventory control;  vendor managed inventory;  bullwhip effect

PACS:

O227;F406

DOI:

10.3969/j.issn.1003-7985.2003.04.021

Abstract:

By inducing the typical inventory control problem — the bullwhip effect, this paper presents vendor managed inventory(VMI)control methods on the basis of traditional methods of inventory management methods, constructs a VMI mathematics model, and analyzes the influence of VMI on inventory cost and channel profit. Finally, a special case is studied to verify that VMI is an effective supply chain strategy that can not only increase channel profit of supplier and customer but also improve full channel coordination, thereby reducing the bullwhip effect.

References:

[1] Giannoccaro Ilaria, Pontrandolfo Pierpaolo. Inventory management in supply chains: a reinforcement learning approach [J]. Int J Production Economics, 2002, 78(2): 153-163.
[2] Sui Minggong, Wei Yi. Summary: study of supply chain inventory costs and its development trend [J]. Logistics Technology, 2000, 5: 28-32.(in Chinese)
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[4] Axsäter Sven. Scaling down multi-echelon inventory problems [J]. Int J Production Economics, 2001, 71(1-3): 255-261.
[5] Tee Yeu-San, Rossetti M D. A robustness study of a multi-echelon inventory model via simulation[J]. Int J Production Economics, 2002, 80(3): 265-277.
[6] Disney S M, Towill D R. A procedure for the optimization of the dynamic response of a vendor managed inventory system [J]. Computers & Industrial Engineering, 2002, 43(1, 2): 27-58.
[7] Lee H L, Padmanabhan P, Whang S. The paralyzing curse of the bullwhip effect in a supply chain[R]. Working paper, Stanford CA: Stanford Universtiy, 1992.
[8] Metters R. Quantify the bullwhip effect in supply chain [J]. Journal of Operations Management, 1997, 15(2): 89-100.
[9] Ganeshan R, Boone T, Stenger A J. The impact of inventory and flow planning parameters on supply chain performance: an exploratory study [J]. Int J Production Economics, 2001, 71(1-3): 111-118.
[10] Yan Dong, Xu Kefeng. A supply chain model of vendor managed inventory [J]. Transportation Research Part E, 2002, 38(2): 75-95.

Memo

Memo:

Biographies: Jiang Zhenying(1964—), male, graduate; Zhao Lindu(corresponding author), male, doctor, professor, ldzhao@seu.edu.cn.

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