Joint replenishment strategy for deteriorating multi-item through multi-echelon supply chain model with imperfect production under imprecise and inflationary environment

Abstract

As the industry environment becomes more competitive, the supply chain management for multi items has become an essential part of the industries. In this paper, a multi-echelon inventory model for deteriorating multi items with imperfect production has been developed under the environment of fuzzy and inflation. In this study, a single producer, multi-supplier, and multi-retailer are considered from the integrated point of view. Here, the producer only produces the retailer's need to have a tremendous advantage and minimum loss. It is observed that the inflation rate is almost uncertain for deteriorating goods in every supply chain. In this paper, the inflation rate is taken as a triangular fuzzy number, and the centroid method is used to defuzzify the profit function. The shortage is not allowed in any part, an imperfect production process is also considered, but it is not reworkable in this supply chain. Different inflation rates are considered for additional items because inflation has strained the most vulnerable consumers (the daily wage earners), who mainly demand goods in short and small quantities. This entire model is developed based on the retailer's demand and due to which the profit potential is maximized. The central premise of this study is to get maximum benefit by creating a production model for deterioration items. Finally, a numerical example and sensitivity analysis illustrate the present study. It is also observed that if the number of shipments taken from the supplier increases during the production period, the total profit increases in crisp and fuzzy. If a positive change occurs in the number of shipments received through the producer to the retailer, then the fuzzy model has positive, but a slight negative change occurs in the crisp model. This paper shows the effect of a joint replenishment policy for multi-item compared with the independent approaches.

Solving Location Assignment and Order Picker-Routing Problems in Warehouse Management

“…See, for instance, Refs. [37,38], where the authors studied the topic of strategic planning in a multi-period multi-product inventory model under uncertain demand to minimize the storage locations and developed inventory models with conditions of deterioration of products, respectively. However, in this work, these criteria are omitted, given the characteristics of our case study.…”

Big Data Analytics and Machine Learning in Supply Chain 4.0: A Literature Review

“…They discuss mathematical models involving variables from different sources to maximize profit. Mishra et al (2020) [75] considered the situation characterized by the need to limit carbon emissions; Bachar et al (2022) [76] investigated the use of partial outsourcing to satisfy customer demands; Padiyar et al (2022) [77] considered problems of product deterioration and inflation that introduce uncertainties into inventory management, and considered variables from suppliers, producers, and retailers. Sarkar et al (2022) [78] focused on the use of emerging technology in supply chain management, namely, radio frequency identification (RFID), to optimize warehouse layout.…”

Blockchain-Based Inventory System considering Uncertain Carbon Footprints and Pandemic Effects

“…Despite the signifcance of trade credit in emergency pandemic situations, no studies have considered the efects of the pandemic and trade credit fnancing simultaneously in the SC model. Conversely, several studies have considered the efects of the pandemic and trade credit fnancing independently ( [21][22][23][24][25][26][27] for trade credit and [28][29][30][31][32][33][34] for pandemic efects). Specifcally, Tiwari et al [21] analyzed a green SC model for fawed products with a trade credit policy.…”

“…Mondal et al [22] derived a model for decaying items and conferred the impact of trade credit on the total cost. Padiyar et al [23] studied various circumstances under alternate trade credit schemes for a SC of a nondecaying item. Mittal and Sarkar [24] formed a GSC model where the retailer ofers a certain credit period to the client to pay in full.…”