Comparative study on decentralised inventory policy and Vendor Managed Inventory with (r, Q) replenishment strategy

Comparative study on decentralised inventory policy and Vendor Managed Inventory with (r, Q) replenishment strategy

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Article ID: iaor200980
Country: United Kingdom
Volume: 4
Issue: 1
Start Page Number: 80
End Page Number: 97
Publication Date: Jan 2008
Journal: International Journal of Logistics Systems and Management
Authors: , ,
Keywords: supply & supply chains
Abstract:

Recently, Vendor Managed Inventory (VMI) has emerged as a significant development towards collaboration in supply chain management. This paper develops a model to compare the performance of VMI with the performance of decentralised inventory policy. A two-member (vendor and buyer) system implementing (r, Q) replenishment strategy with multi-period, uncertain and price-sensitive customer demand is considered.

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