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This paper addresses the long-standing stochastic single-vendor, multi-manufacturer inventory control problem, using simulation optimization. It is assumed that Manufacturers producing similar goods experience very high random demand; hence, safety stock of raw materials held in reserve their warehouses. The vendor supplying this material (principal ingredients) as a policy restricts shipments ...

A vendor managed system with the Consignment Stock agreement is a business practice where a buyer's inventory remains the property of the vendor until its withdrawal by the final customer demand. Such an agreement has shown to be a profitable stock management approach, especially when operating in uncertain environments where delivery lead times and/or market demand vary over time. One main iss...

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vendor managed inventory is a continuous replenishment program that is designed to provide major cost saving benefits for both vendors and retailers. previous research on this area mainly included single objective optimization models where the objective is to minimize the total supply chain costs or to maximize the total supply chain benefits. this paper presents a bi-objective mathematical mod...

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The accurate operation of a Food Supply Chain (FSC) is critical issue as it directly interfaces with health and safety matters. This study addresses coordination conflict management in three-level FSC that embraces new inventory type known growing items like poultry livestock. chain involves rearing farm the supplier, processed food producer manufacturer, multiple retailers. Vendor Managed Inve...