Journal ArticleDOI
The impact of increasing demand visibility on production and inventory control efficiency
TLDR
In this article, a discrete event simulation is used to examine how a manufacturer can combine traditional order data available from non-VMI customers with sales data from VMI customers in its production and inventory control and what impact this has on the manufacturer's operational efficiency.Abstract:
Information sharing practices such as vendor‐managed inventory (VMI) give manufacturers access to more accurate demand information, e.g. customer sales data, than before. The value of this type of information sharing has been established in many studies. However, most of the research has focused on the ideal situation of the manufacturer having access to information from all downstream parties. In practice, this is rarely the case. In this paper, discrete‐event simulation is used to examine how a manufacturer can combine traditional order data available from non‐VMI customers with sales data available from VMI customers in its production and inventory control and what impact this has on the manufacturer's operational efficiency. The simulation model is based on a real‐life VMI implementation and uses actual demand and product data. The key finding is that even for products with stable demand a partial improvement of demand visibility can improve production and inventory control efficiency, but that the value of visibility greatly depends on the target products’ replenishment frequencies and the production planning cycle employed by the manufacturer.read more
Citations
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Journal ArticleDOI
Supply chain risk management: a literature review
TL;DR: In this paper, a comprehensive review of the literature in supply chain risk management (SCRM) in the past decade is presented and a detailed review associated with research developments in SCRM, including risk definitions, risk types, risk factors and risk management/mitigation strategies.
Journal ArticleDOI
Supply chain collaboration: making sense of the strategy continuum
TL;DR: In this paper, the authors classify collaboration initiatives using a conceptual water-tank analogy, and discuss their dynamic behavior and key characteristics, concluding that the effectiveness of supply chain collaboration relies upon two factors: the level to which it integrates internal and external operations, and the efforts are aligned to the supply chain settings in terms of the geographical dispersion, the demand pattern, and product characteristics.
Journal ArticleDOI
The Supply Chain Has No Clothes: Technology Adoption of Blockchain for Supply Chain Transparency
TL;DR: The Unified Theory of Acceptance and Use of Technology and the concept of technology innovation adoption as a foundational framework for supply chain traceability are used and a conceptual model is developed and the research culminates with supply chain implications of blockchain that are inspired by theory and literature review.
Journal ArticleDOI
Review of supply chain management and logistics research
Amit Sachan,Subhash Datta +1 more
TL;DR: In this article, the authors examined the state of logistics and supply chain management (SCM) research in the last five years from the standpoint of existing methodologies by examining the research design, number of hypothesis testing, research methods, data analysis techniques, data sources, level of analysis and country of authors.
Journal ArticleDOI
Toward a unified theory of logistics
TL;DR: In this paper, a unified theory of logistics within the contexts of the strategic role and capabilities of logistics is proposed, which can serve as a conceptual reference point for future theory development and empirical research in logistics.
References
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Journal ArticleDOI
Information distortion in a supply chain: the bullwhip effect
TL;DR: The authors analyzes four sources of the bullwhip effect: demand signal processing, rationing game, order batching, and price variations, and shows that the distortion tends to increase as one moves upstream.
Book
Inventory management and production planning and scheduling
TL;DR: In this paper, the authors present a framework for inventory management and production planning and scheduling with a focus on the most important (Class A) and routine (Class C) items.
Journal ArticleDOI
The Value of Information Sharing in a Two-Level Supply Chain
TL;DR: In this article, a simple two-level supply chain with nonstationary end demands is analyzed and the authors show that the value of demand information sharing can be quite high, especially when demands are significantly correlated over time.
Journal ArticleDOI
Supply Chain Inventory Management and the Value of Shared Information
TL;DR: In traditional supply chain inventory management, orders are the only information firms exchange, but information technology now allows firms to share demand and inventory data quickly and inexpensively, and it is concluded that implementing information technology to accelerate and smooth the physical flow of goods through a supply chain is significantly more valuable.
Journal ArticleDOI
Quantifying the Bullwhip Effect in a Simple Supply Chain: The Impact of Forecasting, Lead Times, and Information
TL;DR: In this article, the authors quantify the effect of the bullwhip effect on simple two-stage supply chains consisting of a single retailer and a single manufacturer and demonstrate that the effect can be reduced by centralizing demand information.