this paper aims to evaluate inventory cost of a two-echelon serial supply chain system under vendor managed inventory program with stochastic demand, and examine the effect of environmental factors on the cost of overall system. for this purpose, we consider a two-echelon serial supply chain with a manufacturer and a retailer. under vendor managed inventory program, the decision on inventory le...

This paper develops an analytical model that explores how important supply chain parameters affect the cost savings to be realized from collaborative initiatives such as vendor-managed inventory (VMI). Results from the model show that benefits, in the form of inventory cost reductions, may be generated from integration depending upon the ratio of the order costs of the supplier to the buyer and...

the inventory routing problem (irp) arises in the context of vendor-managed systems. this problem addresses jointly solving an inventory management problem and a vehicle routing problem. in this paper, we consider a multi-depot multi-vehicle inventory routing problem in which suppliers produce one type of product to be delivered to customers during a finite time horizon. we propose a two-phase ...

Purpose For the supply chain to be responsive in age of globalization, firm needs adopt strategies enable them meet changing market needs. Thus, it is essential automatic replenishment programmes such as vendor-managed inventory (VMI). This study sought examine relationship between VMI and operational performance (OP) moderation roles leadership digitization mining sector. Design/methodology/ap...

The use of VMI at Wal-Mart on a large scale has attracted a great deal of attention in the industrial world. In a VMI program, the supplier assumes control of the inventory management for one or more retailers (Fry, 2002). The supplier monitors the inventory level at the retailers and makes the decisions related to the quantities of replenishment and the timing of shipments to the retailers. It...