Multi-Product of JMI under BOM

Chen Zhi, Ren Chao and Shan Miyuan
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Chen Zhi: School of Business Administration, Hunan University, Changsha, China
Ren Chao: School of Business Administration, Hunan University, Changsha, China
Shan Miyuan: School of Business Administration, Hunan University, Changsha, China

International Journal of Advanced Pervasive and Ubiquitous Computing (IJAPUC), 2014, vol. 6, issue 4, 1-9

Abstract: JMI is an advanced inventory management method, how to implement JMI to reduce overall supply chain inventory cost and how to undertake profit allocation is a hot topic in the study of inventory management. But the current study rarely considering BOM, much less BOM's impact on supply chain inventory cost under the multi-product environment. This paper studies the two level supply chain including single manufacturer and multi-supplier of multi-product, and analyzes the BOM of multi-product, then propose a multi-product JMI model based on BOM and use a numerical example to demonstrate its validity.

Date: 2014
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