The purpose of this paper is to develop a multi-item economic order quantity (EOQ) model with shortage for a single-buyer single-supplier supply chain under green vendor managed inventory (VMI) policy. This model explicitly includes the VMI contractual agreement between the vendor and the buyer such as warehouse capacity and delivery constraints, bounds for each order, and limits on the number ...

In this paper, a real-life routing and scheduling problem encountered is addressed. The problem, which consists in optimizing the delivery of fluids by tank trucks on a long-term horizon, is a generalization of the vehicle routing problem with vendor managed inventory replenishment. The particularity of this problem is that the vendor monitors the customers’ inventories, deciding when and how m...

A major issue in supply chain inventory management is the coordination of inventory policies adopted by different members in a supply chain including suppliers, manufacturers, distributors, etc. This paper presents a fractal-based approach for inventory management in order to minimize inventory costs and smooth material flows between supply chain members while responsively meeting customer dema...

For Today's Logistics Manager, It's a Jungle out There! Customer-mandated programs with a wide variety of names (JIT, Quick Response, Vendor Managed Inventory, etc.) all share common requirements such as compliance labeling and shrinking order-cycle times. Internal demands to reduce inventory levels coupled with an ever-increasing number of stock keeping units (SKUs) makes the job even more dif...

The strategy of integration known as VMI (Vendor-Managed Inventory) allows the coordination of inventory policies between producers and buyers in supply chains. Based on a new proposed model for the implementation of VMI in a chain of two links composed of a producer and a buyer, this paper studies the evolution of individual strategies of the producer and the buyer by a formalism derived from ...

Vendor managed inventory (VMI) replenishment is a collaboration between a supplier and its customers where the supplier is responsible for managing the customers’ inventory levels. In the VMI setting we consider, the supplier exploits synergies between customers, e.g., their locations, usage rates, and storage capacities, to reduce distribution costs. Due to the intricate interactions between c...

SencorpWhite’s Customer Satisfaction Group, with the industry’s largest team of direct Field Service Engineers, provides OEM parts, installation and project management, process and maintenance training, retrofit/rebuild/relocation, on-line and live technical support, and predictive, preventative, and emergency machine service. Uncompromising Commitment to Service Consignment stock & vendor mana...

In this paper, we develop integrated retail shelf space allocation and inventory models for a single item with a stock dependent demand. The integrated models are developed for a supply chain operating under vendor-managed inventory (VMI) and consignment stock (CS) agreement. More precisely, the supplier is responsible for initiating orders on behalf of the retailer and decides about the size o...