In many contexts, logistics is used to enable competitive advantages and cost savings. For some companies, logistics itself is its core competency (i.e. logistics providers). In this context, vendor-managed inventory (VMI) systems are one of the most up-to-date strategies allowing companies to reach a superior performance. Under a VMI strategy, the replenishment and distribution making process ...

Supply chain coordination has received substantial attention in the operations literature in recent years. Coordination issues in supply chains arise due to several factors, an important one being the difference in the cost impact of inventory and replenishment decisions on the manufacturer and retailer. In this paper, we address this asymmetry in cost impact that can lead to sub-optimal channe...

Vendor managed resupply is an emerging trend in logistics and refers to a situation in which a supplier manages the inventory replenishment of its customers. Vendors save on distribution cost by being able to better coordinate deliveries to different customers, and customers do not have to dedicate resources to inventory management anymore. We present and discuss the inventory routing problem. ...

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...

The primary purpose of this paper is to highlight for the research community and practitioners the various aspects of using VMI-type supply chains in today’s business environment as well as a number of directions for future studies. In this regard, fifty articles published in major international journals, beginning in 1995, which contribute to the VMI-type supply chains are reviewed via a syste...

Presents a study on newsvendor bounds and features a heuristic for optimal policies in serial supply chains. Method of the study; Results and discussion. 19. On the Benefits of Inventory-Pooling in Production-Inventory Systems. Manufacturing & Service Operations Management, Jan2002, Vol. 4 Issue 1, p12, 5p By Kim, Jon-Seok; Benjaafar, Saif. Abstract: Presents a study which examined the benefits...

In this paper we present a quantity-based model for integrated inventory replenishment and shipment consolidation decisions under vendor managed inventory. Assuming the vendor uses a special reorder point, order-up-to level, or ( , ) s S policy for inventory control and adopts a quantity-based dispatching strategy under stochastic settings, we build its simulation model. By simulating in Arena ...