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

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JASEMI M.; HAJI A.; GHARIBI M.

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Journal Paper

Paper Information

Journal: Scientia Iranica Year:2014 | Volume:21 | Issue:3 (TRANSACTIONS E: INDUSTRIAL ENGINEERING) Page(s): 1061-1071

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Information Journal Paper

Title

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

Author(s)

JASEMI M. | HAJI A. | GHARIBI M. | Issue Writer Certificate

Keywords

INVENTORY CONTROL

VENDOR MANAGED INVENTORY

RETAILER MANAGED INVENTORY

SUPPLY CHAIN MANAGEMENT

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.

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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. SID. https://sid.ir/paper/290273/en

Vancouver: Copy

JASEMI M., HAJI A., GHARIBI M.. ON COMPETENCE OF VENDOR MANAGED INVENTORY IN SUPPLY CHAINS USING BASIC MATHEMATICAL INVENTORY MODELS. SCIENTIA IRANICA[Internet]. 2014;21(3 (TRANSACTIONS E: INDUSTRIAL ENGINEERING)):1061-1071. Available from: https://sid.ir/paper/290273/en

IEEE: Copy

M. JASEMI, A. HAJI, and M. GHARIBI, “ON COMPETENCE OF VENDOR MANAGED INVENTORY IN SUPPLY CHAINS USING BASIC MATHEMATICAL INVENTORY MODELS,” SCIENTIA IRANICA, vol. 21, no. 3 (TRANSACTIONS E: INDUSTRIAL ENGINEERING), pp. 1061–1071, 2014, [Online]. Available: https://sid.ir/paper/290273/en

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