Supply Chain Excellence im Handel

Thonemann, Ulrich W.; Behrenbeck, Klaus; Küpper, Jörn; Magnus, Karl-Hendrik

doi:10.1007/978-3-322-85244-1

Cited by 38 publications

(7 citation statements)

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“…The target service level could be either an industry standard or tailored to a particular buyer. For instance, in the consumer goods industry, retailers typically require a certain service level on delivery performance from the manufacturers (Thonemann et al 2005). It has also been observed that a buyer may specify a target fill rate over a finite contracting horizon, and the supplier is either rewarded with a bonus or penalized with a late fee, depending on the realized delivery performance (Thomas 2005).…”

Section: Fixed Service-level Contract (Fs)mentioning

confidence: 99%

Procurement Mechanism Design in a Two-Echelon Inventory System with Price-Sensitive Demand

Zhang

2010

M&SOM

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This paper studies a buyer's procurement strategies in a two-stage supply chain with price-sensitive demand. The buyer procures a product from a supplier and then sells to the marketplace. Market demand is stochastic and depends on the buyer's selling price. The supplier's production cost is private information, and the buyer only knows the distribution of the cost. Both the buyer and the supplier can hold inventories to improve service, and a periodic-review inventory system is considered. The buyer takes two attributes into consideration when designing the procurement mechanism: quantity attribute (i.e., the total purchase quantity) and service-level attribute (i.e., the supplier's delivery performance). We first identify the optimal procurement mechanism for the buyer, which consists of a nonlinear menu of contracts for each of the two attributes. It can be shown that the optimal mechanism induces both a lower market demand and a lower service level compared to the supply chain optimum. In view of the complexity of the optimal mechanism, we proceed to search for simpler mechanisms that perform well for the buyer. We find that the above two attributes have different implications for procurement mechanism design: The value of using complex contract terms is generally negligible for the service-level attribute, whereas it can be highly valuable for the quantity attribute. In particular, we demonstrate that a fixed service-level contract, which consists of a target service level and a price-quantity menu, yields nearly optimal profit for the buyer. Additionally, the price-quantity menu is essentially a quantity discount scheme widely observed in practice.procurement, supply contracts, mechanism design, inventory models, asymmetric information

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Section: Fixed Service-level Contract (Fs)mentioning

confidence: 99%

Procurement Mechanism Design in a Two-Echelon Inventory System with Price-Sensitive Demand

Zhang

2010

M&SOM

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“…These reactions may result in a reduction in profit of up to 10% as well as long-term impacts on market share (Anderson et al, 2006). As a consequence, Contents lists available at ScienceDirect journal homepage: www.elsevier.com/locate/ijpe current in-store logistics processes are regarded as a promising and rather untapped area for improvement in the supply chain (van Donselaar et al, 2004;Thonemann et al, 2005).…”

Section: Introductionmentioning

confidence: 98%

A comparison of RFID-based shelf replenishment policies in retail stores under suboptimal read rates

Thiesse

Buckel

2015

International Journal of Production Economics

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“…Other products are more functional with a stable demand, long life cycle, and have a low value and therefore need an efficient supply chain with more focus on cost minimizing. Different distribution strategies such as cross-docking [2,3,4], traditional warehousing [5,6,2], and direct-to-store deliveries [7,5] are available in today's supply chain, and they are chosen according to obtainable resources and supply chain design. They are not defined in terms of a reflection on customer expectations and market demand [1].…”

Section: Introductionmentioning

confidence: 99%

Impact of the Product Characteristics on the Distribution Strategy Selection: A Literature Review

Benrqya

2018

EIJBMS

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Nowadays companies must look at developing new distribution strategies in order to achieve the required performances from their supply chain. In this quest, companies wonder about the consistency of their distribution strategy with the types of products they are selling. This paper deals with product segmentation and distribution strategy selection (cross-docking versus traditional warehousing). In the literature many factors have been described for product segmentation and supply chain selection. We classify these factors into four major groups (product, market, product/market, and supply/source factors). A literature review for each element of the groups and the supply chain orientation or distribution/inventory location strategy is carried out and summarized in a table. Finally we conclude by a discussion about the utility of this table and the opportunities to improve and extend the current research are indicated.

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Supply Chain Excellence im Handel

Cited by 38 publications

References 0 publications

Procurement Mechanism Design in a Two-Echelon Inventory System with Price-Sensitive Demand

Procurement Mechanism Design in a Two-Echelon Inventory System with Price-Sensitive Demand

A comparison of RFID-based shelf replenishment policies in retail stores under suboptimal read rates

Impact of the Product Characteristics on the Distribution Strategy Selection: A Literature Review

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