An Approach for Setting Inventory Norms for a Two Echelon Supply Chain

被引:5
|
作者
Ramkumar, N. [1 ]
Subramanian, P. [1 ]
Narendran, T. T. [1 ]
Ganesh, K. [2 ]
机构
[1] Indian Inst Technol Madras, Dept Management Studies, Chennai, Tamil Nadu, India
[2] IBM India Private Ltd, Global Business Serv Global Delivery, Mumbai, Maharashtra, India
关键词
Inventory Norms; Product Classification; Two-Echelon Supply Chain; Vendor Managed Inventory (VMI); Warehouses;
D O I
10.4018/ijisscm.2013100106
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
Managing inventories is crucial to the objective of minimizing supply chain costs. This paper presents an approach for setting inventory norms in context of a real-life case of an industry which practices Vendor Managed Inventory (VMI). The role of warehouses and the inventories held by them becomes significant in such an environment. This paper presents a two-phase approach to determine various components of inventory norms taking into account lead time and demand variability. Innovative strategic product classification has been done to decide upon stocking quantity at warehouses.
引用
收藏
页码:102 / 119
页数:18
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