Analysis of vendor managed inventory practices for greater supply chain performance

Joseph, Jim Felix; Sundarakani, Balan; Hosie, Peter; Nagarajan, S.

doi:10.1504/ijleg.2010.037518

Cited by 7 publications

(28 citation statements)

References 23 publications

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“…Today, supply chain management (SCM) plays very important role in business competition [1]. A sophisticated SCM collaboration strategy can provide new opportunities, efficiency, and customer loyalty [2].…”

Section: Introductionmentioning

confidence: 99%

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Weighted Round Robin (WRR) Based Replenishment Model in Vendor Managed Inventory (VMI) System

Kusuma

2022

IJIE

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Vendor managed inventory (VMI) is a popular supply chain system where vendor or supplier take responsibility and decision in managing its customers’ inventory. Two important goals of the VMI are improving service level and maintaining inventory still low and available. Many studies in VMI compare their performance with the traditional system. Unfortunately, studies in improving VMI performance are rare. This work aims to improve VMI by implementing Weighted Round Robin (WRR), a popular scheduling model in computer system, in the replenishment model in VMI. WRR is popular because of its load balancing nature. Environment in this work is two-echelon supply chain. The vendor is a multi-product manufacturer. The customers are retailers. This WRR based replenishment model is then compared with two common replenishment models: (s, S) model and (r, Q) model. In this work, we observe two performance parameters: sales and inventory condition. Based on the simulation result, it is shown that the WRR model performs better than the existing (s, S) model and (r, Q) model and it occurs in most of the observed variables. In the certain condition, performance of the WRR model compared with the (s, S) model and the (r, Q) model is as follows. The WRR model performs 31 percent better than the (s, S) model and 12 percent better than the (r, Q) model in success ratio. Manufacturer’s stock in the WRR model is only 36 percent than in the (s, S) model and 40 percent than in the (r, Q) model. Total stock in the supply chain in the WRR model is only 63 percent than in the (s, S) model and 89 percent than in the (r, Q) model.

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Section: Introductionmentioning

confidence: 99%

“…In general, SCM aims two strategic goals. The first one is improving service level or product availability [1]. The second one is minimizing cost [3].…”

Section: Introductionmentioning

confidence: 99%

Weighted Round Robin (WRR) Based Replenishment Model in Vendor Managed Inventory (VMI) System

Kusuma

2022

IJIE

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“…(Hammond, 1995) que implica que el 'vendedor' (en este caso, Abastecimiento Sodexo) maneje directamente los inventarios y reposiciones de stock del 'cliente' (la Villa Panamericanos). Para esto iba a ser necesario colocar personal de Abastecimiento Sodexo a tiempo completo dentro de las instalaciones de la Villa Panamericanos, que sea fluido en el idioma inglés, y que tenga las habilidades de comunicación necesarias para que el Chef perciba que dicha persona sería un apoyo en todo lo que implicaba revisión de stocks, generación de pedidos y atenciones (Hosie, Joseph, Nagarajan y Sundarakani, 2010).…”

Section: Selección De Alternativa Para Mitigar Riesgos Altosunclassified

“…La comunicación mejoraría considerablemente, si el proceso se manejaba de una forma adecuada (Hosie, et. al, 2010).…”

Section: Conveniounclassified

“…El análisis fue amplio y detallado, ya que era necesario revisar los escenarios por cada grupo de producto, y tener planes de acción para cada caso específico. La comunicación en este caso con los especialistas en el tema (Chefs de producción) fue crítica (Hosie et. al., 2010) ya que solo ellos dominaban a exactitud las recetas, preparaciones y necesidades para cada tiempo específico del evento.…”

Section: Proyección Demanda < Consumo Real (1500 Puntos)unclassified

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Necesidades del proceso de abastecimiento de insumos alimenticios en los comedores principales de los eventos Panamericanos y Parapanamericanos Lima 2019

Longa¹,

Fernando²

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A fuzzy-based decision aid method for product deletion of fast moving consumer goods

Pourhejazy

Sarkis

Zhu

2019

Expert Systems with Applications

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Analysis of vendor managed inventory practices for greater supply chain performance

Cited by 7 publications

References 23 publications

Weighted Round Robin (WRR) Based Replenishment Model in Vendor Managed Inventory (VMI) System

Weighted Round Robin (WRR) Based Replenishment Model in Vendor Managed Inventory (VMI) System

Necesidades del proceso de abastecimiento de insumos alimenticios en los comedores principales de los eventos Panamericanos y Parapanamericanos Lima 2019

A fuzzy-based decision aid method for product deletion of fast moving consumer goods

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