Analysing the effectiveness of vendor-managed inventory in a single-warehouse, multiple-retailer system
- Author
- Mohd Kamarul Irwan Abdul Rahim (UGent) , El-Houssaine Aghezzaf (UGent) , Veronique Limère (UGent) and Birger Raa (UGent)
- Organization
- Abstract
- This paper considers a two-stage supply chain, consisting of a single warehouse and multiple retailers facing deterministic demands, under a vendor-managed inventory (VMI) policy. It presents a two-phase optimisation approach for coordinating the shipments in this VMI system. The first phase uses direct shipping from the supplier to all retailers to minimise the overall inventory costs. Then, in the second phase, the retailers are clustered using a construction heuristic in order to optimise the transportation costs while satisfying some additional restrictions. The improvement of the system's performance through coordinated VMI replenishments against the system with direct shipping only is shown and discussed in the comparative analysis section.
- Keywords
- VEHICLE-ROUTING COSTS, deterministic demand, VMI, inventory routing, supply chain optimisation, inventory control, JOINT INVENTORY, LOCATION MODEL, SUPPLY CHAINS, DEMAND RATES, POLICIES, ALLOCATION, ALGORITHM, PRODUCTS, DELIVERY
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Citation
Please use this url to cite or link to this publication: http://hdl.handle.net/1854/LU-5723386
- MLA
- Abdul Rahim, Mohd Kamarul Irwan, et al. “Analysing the Effectiveness of Vendor-Managed Inventory in a Single-Warehouse, Multiple-Retailer System.” INTERNATIONAL JOURNAL OF SYSTEMS SCIENCE, vol. 47, no. 8, 2016, pp. 1953–65, doi:10.1080/00207721.2014.965771.
- APA
- Abdul Rahim, M. K. I., Aghezzaf, E.-H., Limère, V., & Raa, B. (2016). Analysing the effectiveness of vendor-managed inventory in a single-warehouse, multiple-retailer system. INTERNATIONAL JOURNAL OF SYSTEMS SCIENCE, 47(8), 1953–1965. https://doi.org/10.1080/00207721.2014.965771
- Chicago author-date
- Abdul Rahim, Mohd Kamarul Irwan, El-Houssaine Aghezzaf, Veronique Limère, and Birger Raa. 2016. “Analysing the Effectiveness of Vendor-Managed Inventory in a Single-Warehouse, Multiple-Retailer System.” INTERNATIONAL JOURNAL OF SYSTEMS SCIENCE 47 (8): 1953–65. https://doi.org/10.1080/00207721.2014.965771.
- Chicago author-date (all authors)
- Abdul Rahim, Mohd Kamarul Irwan, El-Houssaine Aghezzaf, Veronique Limère, and Birger Raa. 2016. “Analysing the Effectiveness of Vendor-Managed Inventory in a Single-Warehouse, Multiple-Retailer System.” INTERNATIONAL JOURNAL OF SYSTEMS SCIENCE 47 (8): 1953–1965. doi:10.1080/00207721.2014.965771.
- Vancouver
- 1.Abdul Rahim MKI, Aghezzaf E-H, Limère V, Raa B. Analysing the effectiveness of vendor-managed inventory in a single-warehouse, multiple-retailer system. INTERNATIONAL JOURNAL OF SYSTEMS SCIENCE. 2016;47(8):1953–65.
- IEEE
- [1]M. K. I. Abdul Rahim, E.-H. Aghezzaf, V. Limère, and B. Raa, “Analysing the effectiveness of vendor-managed inventory in a single-warehouse, multiple-retailer system,” INTERNATIONAL JOURNAL OF SYSTEMS SCIENCE, vol. 47, no. 8, pp. 1953–1965, 2016.
@article{5723386,
abstract = {{This paper considers a two-stage supply chain, consisting of a single warehouse and multiple retailers facing deterministic demands, under a vendor-managed inventory (VMI) policy. It presents a two-phase optimisation approach for coordinating the shipments in this VMI system. The first phase uses direct shipping from the supplier to all retailers to minimise the overall inventory costs. Then, in the second phase, the retailers are clustered using a construction heuristic in order to optimise the transportation costs while satisfying some additional restrictions. The improvement of the system's performance through coordinated VMI replenishments against the system with direct shipping only is shown and discussed in the comparative analysis section.}},
author = {{Abdul Rahim, Mohd Kamarul Irwan and Aghezzaf, El-Houssaine and Limère, Veronique and Raa, Birger}},
issn = {{0020-7721}},
journal = {{INTERNATIONAL JOURNAL OF SYSTEMS SCIENCE}},
keywords = {{VEHICLE-ROUTING COSTS,deterministic demand,VMI,inventory routing,supply chain optimisation,inventory control,JOINT INVENTORY,LOCATION MODEL,SUPPLY CHAINS,DEMAND RATES,POLICIES,ALLOCATION,ALGORITHM,PRODUCTS,DELIVERY}},
language = {{eng}},
number = {{8}},
pages = {{1953--1965}},
title = {{Analysing the effectiveness of vendor-managed inventory in a single-warehouse, multiple-retailer system}},
url = {{http://doi.org/10.1080/00207721.2014.965771}},
volume = {{47}},
year = {{2016}},
}
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