Vendor managed inventory for single-vendor multi-retailer supply chains

作者：

Highlights：

• Different ways of structuring the replenishment policy under VMI have been considered.

• Models have been developed to exploit different cost trade-offs in the supply chain.

• Significant cost reduction is possible across different policies.

• Implications of adopting different models have been analyzed.

摘要

Vendor managed inventory (VMI) as a supply chain coordination mechanism has been gaining a lot of attention. This paper develops analytical models for various approaches through which a single vendor–multiple retailer system may be coordinated through VMI. Through detailed analysis of the parameters involved, we discuss the conditions under which each of these approaches may be preferred. We also highlight the savings that can be derived in the transportation cost in a VMI setting.

论文关键词：Supply chain coordination,Vendor managed inventory,Optimization,Replenishment policy

论文评审过程：Received 23 August 2013, Revised 30 October 2014, Accepted 1 December 2014, Available online 9 December 2014.

论文官网地址：https://doi.org/10.1016/j.dss.2014.12.002