Use of Shared Information in a Vendor-Managed Inventory (VMI) Supply Chain
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by Andres Angulo, Heather Nachtmann, Matthew Waller
http://fie.engrng.pitt.edu/iie2002/proceedings/ierc/papers/2047.pdf
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Abstract:
A Vendor-Managed Inventory (VMI) supply chain is modeled using discrete-event simulation. The supply chain consists of a supplier (vendor) with a manufacturing facility and a distribution center, and a customer (retailer) with a distribution center and an outlet store. The information shared between the retailer and the vendor is subject to error and delays. The impacts of sharing erroneous data and using outdated information are observed on a set of performance measures. This research is expected to provide insight about the relationship between supply chain policies and the use of imperfect information.
Citations
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