Vendor Managed Inventory (VMI) with Consignment Stock (CS) agreement for a two-level supply chain with an imperfect production process with/without restoration interruptions
Ehab Bazan,
Mohamad Y. Jaber,
Simone Zanoni and
Lucio E. Zavanella
International Journal of Production Economics, 2014, vol. 157, issue C, 289-301
Abstract:
A vendor managed system with the Consignment Stock agreement is a business practice where a buyer׳s inventory remains the property of the vendor until its withdrawal by the final customer demand. Such an agreement has shown to be a profitable stock management approach, especially when operating in uncertain environments where delivery lead times and/or market demand vary over time.
Keywords: Consignment Stock; Imperfect production; Supply chain coordination; Inventory management; Minor-setups for restoration (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:eee:proeco:v:157:y:2014:i:c:p:289-301
DOI: 10.1016/j.ijpe.2014.02.010
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