Inventory control in divergent supply chains with time‐based dispatching and shipment consolidation

Johan Marklund

46 citations0/0 files storedNaval Research Logistics (NRL)

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Supply Chain and Inventory Management Sustainable Supply Chain Management Logistics and Transportation Systems

Abstract

Abstract This article analyses a divergent supply chain consisting of a central warehouse and N nonidentical retailers. The focus is on joint evaluation of inventory replenishment and shipment consolidation effects. A time‐based dispatching and shipment consolidation policy is used at the warehouse in conjunction with real‐time point‐of‐sale data and centralized inventory information. This represents a common situation, for example, in various types of vendor managed inventory systems. The main contribution is the derivation of an exact recursive procedure for determining the expected inventory holding and backorder costs for the system, under the assumption of Poisson demand. Two heuristics for determining near optimal shipment intervals are also presented. The results are applicable both for single‐item and multiitem systems. © 2011 Wiley Periodicals, Inc. Naval Research Logistics 58: 59–71, 2011

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References

2000Supply Chain Inventory Management and the Value of Shared Information 2000Stock Replenishment and Shipment Scheduling for Vendor-Managed Inventory Systems 1984Approximations of Dynamic, Multilocation Production and Inventory Problems 1990Simple Solution Procedures for a Class of Two-Echelon Inventory Problems 1993Chapter 3 Centralized planning models for multi-echelon inventory systems under uncertainty 2002A Multi-Echelon Inventory System with Information Exchange 2002The Inventory Benefit of Shipment Coordination and Stock Rebalancing in a Supply Chain 1993Exact and Approximate Evaluation of Batch-Ordering Policies for Two-Level Inventory Systems

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2016Exact Analysis of Divergent Inventory Systems with Time-Based Shipment Consolidation and Compound Poisson Demand 2017Sustainable multi-echelon inventory control with shipment consolidation and volume dependent freight costs 2010Evaluation of stock allocation policies in a divergent inventory system with shipment consolidation 2014Shipment consolidation in a multiple-vendor–single-buyer integrated inventory model

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