Presentations
10h00 AM-
10h25 AM |
An Effect of Vendor Managed Inventory on Multiple-Retailers with
Different Inventory Policy |
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| Richard Cho, University of New Brunswick, Faculty of Business, PO Box
5050, Saint John, NB, Canada, E2L 4L5,
rcho@unbsj.ca
Recent development of VMI (Vendor Managed Inventory) system is known as an
effective mechanism to reduce Bullwhip effect between suppliers and buyers. Dell
Computer is a well-known example of VMI system to increase turn-over rate as
well as a part availability. On the other hand, the implementation of VMI to
South Korea resulted in a failure and suppliers of big retailers tried to
retreat to the traditional system from VMI. Under the assumption of continuous
review inventory policy, this paper analyzes the reasons why suppliers are
unsatisfied with VMI implementation in Korea. |
10h25 AM-
10h50 AM |
The Influence of Quantity Discounts on Centralized Purchasing
Decisions |
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| Jianli Hu, Chapman University, The George L. Argyros School of
Business & Economics, One University Dr., Orange, CA, U. S. A., 92866,
jhu@chapman.edu
Charles L.
Munson, College of Business and Economics, Department of Management &
Operations, PO Box 644744, Washington State University, Pullman, WA, U. S. A.,
99163,
munson@wsu.edu
Since the decision of whether or not to centralize the purchasing function
directly affects which suppliers will be utilized, we present models which
illustrate the important cost tradeoffs between centralized and decentralized
purchasing systems in Chapter 5. Five scenarios have been explored: (1) complete
decentralization, (2) centralized pricing with decentralized purchasing, (3)
centralized purchasing with local distribution, (4) centralized purchasing and
warehousing with batch distribution, and (5) centralized purchasing and
warehousing with JIT distribution. |
10h50 AM-
11h15 AM |
Consignment Inventory: Implications for Vendors |
| |
Mehmet Gumus, University of Waterloo, Department of Management
Sciences, Waterloo, Ontario, Canada, N2L 3G1,
mgumus@engmail.uwaterloo.ca
Elizabeth
M. Jewkes, University of Waterloo, Department of Management Sciences,
Waterloo, Ontario, Canada, N2L 3G1,
emjewkes@engmail.uwaterloo.ca
James
H. Bookbinder, University of Waterloo, Department of Management Sciences,
Waterloo, Ontario, Canada, N2L 3G1,
jbookbinder@engmail.uwaterloo.ca
Consignment inventory (CI) is a supply-chain sourcing practice between a
customer and a vendor, whereby goods stored at the customer's premises are owned
by the vendor until they are used by the customer. (Note that CI need not be
synonymous with Vendor Managed Inventory.) Because the consignment customer has
authority over the timing and quantity of replenishments, but pays only upon
use, this practice seems to unbalance the supply-chain members' total costs. In
our presentation, we analyze CI under deterministic demand to obtain conditions
under which the vendor can accept it. |
11h15 AM-
11h40 AM |
Hedging Against Demand Uncertainty: A Review of the Role of Inventory
Transshipments |
| |
Mohamed I. Mahaboob, McMaster University, DeGroote School of
Business, 1280 Main Street West, Hamilton, Ontario, Canada, L8S 4M4,
mahabom@mcmaster.ca
Elkafi
Hassini, McMaster University, DeGroote School of Business, 1280 Main Street
West, Hamilton, Ontario, Canada, L8S 4M4,
hassini@mcmaster.ca
One of the most challenging problems that faces supply chains is that of
managing demand uncertainty. In this paper we start by describing the common
strategies that are used to match supply to demand and then focus on that of
inventory transshipment. We present a detailed survey of the literature and
suggest possible future research directions. | |
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