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Paper Information

Journal:   SCIENTIA IRANICA   2014 , Volume 21 , Number 3 (TRANSACTIONS E: INDUSTRIAL ENGINEERING); Page(s) 1061 To 1071.
 
Paper: 

ON COMPETENCE OF VENDOR MANAGED INVENTORY IN SUPPLY CHAINS USING BASIC MATHEMATICAL INVENTORY MODELS

 
 
Author(s):  JASEMI M.*, HAJI A., GHARIBI M.
 
* DEPARTMENT OF INDUSTRIAL ENGINEERING, ISLAMIC AZAD UNIVERSITY, MASJED SOLEYMAN BRANCH, MASJED SOLEYMAN, IRAN
 
Abstract: 

In this study, a two-echelon single-vendor supply chain is selected to do a costbased comparison between short-term performances of a Vendor Managed Inventory (VMI) and a Retailer Managed Inventory (RMI). While the inventory costs include ordering and storing expenses, the rate of consumption and the price of goods are constant, the rate of production and pace of transportation are in nite and shortage is not allowed. This paper, after a comprehensive literature review, is followed by three cases of single retailer, n-retailer and two-retailer chains. Unlike the second case, in the rst case, VMI shows an absolute superiority to RMI, and this is the reason for devising the third case in which a deeper analysis, including a typical performance assessment system for two-retailer chains is undertaken. The third case reveals that, although VMI is not always the better choice, under most conditions, it can be chosen as the better approach.

 
Keyword(s): INVENTORY CONTROL, VENDOR MANAGED INVENTORY, RETAILER MANAGED INVENTORY, SUPPLY CHAIN MANAGEMENT
 
 
References: 
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Click to Cite.
APA: Copy

JASEMI, M., & HAJI, A., & GHARIBI, M. (2014). ON COMPETENCE OF VENDOR MANAGED INVENTORY IN SUPPLY CHAINS USING BASIC MATHEMATICAL INVENTORY MODELS. SCIENTIA IRANICA, 21(3 (TRANSACTIONS E: INDUSTRIAL ENGINEERING)), 1061-1071. https://www.sid.ir/en/journal/ViewPaper.aspx?id=406460



Vancouver: Copy

JASEMI M., HAJI A., GHARIBI M.. ON COMPETENCE OF VENDOR MANAGED INVENTORY IN SUPPLY CHAINS USING BASIC MATHEMATICAL INVENTORY MODELS. SCIENTIA IRANICA. 2014 [cited 2021May07];21(3 (TRANSACTIONS E: INDUSTRIAL ENGINEERING)):1061-1071. Available from: https://www.sid.ir/en/journal/ViewPaper.aspx?id=406460



IEEE: Copy

JASEMI, M., HAJI, A., GHARIBI, M., 2014. ON COMPETENCE OF VENDOR MANAGED INVENTORY IN SUPPLY CHAINS USING BASIC MATHEMATICAL INVENTORY MODELS. SCIENTIA IRANICA, [online] 21(3 (TRANSACTIONS E: INDUSTRIAL ENGINEERING)), pp.1061-1071. Available: https://www.sid.ir/en/journal/ViewPaper.aspx?id=406460.



 
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