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

N. Ramkumar, P. Subramanian, T. T. Narendran and K. Ganesh
Additional contact information
N. Ramkumar: Department of Management Studies, Indian Institute of Technology, Madras, Chennai, Tamil Nadu, India
P. Subramanian: Department of Management Studies, Indian Institute of Technology, Madras, Chennai, Tamil Nadu, India
T. T. Narendran: Department of Management Studies, Indian Institute of Technology, Madras, Chennai, Tamil Nadu, India
K. Ganesh: Global Business Services - Global Delivery, IBM India Private Limited, Mumbai, Maharashtra, India

International Journal of Information Systems and Supply Chain Management (IJISSCM), 2013, vol. 6, issue 4, 102-119

Abstract: 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.

Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
http://services.igi-global.com/resolvedoi/resolve. ... 8/ijisscm.2013100106 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:igg:jisscm:v:6:y:2013:i:4:p:102-119

Access Statistics for this article

International Journal of Information Systems and Supply Chain Management (IJISSCM) is currently edited by John Wang

More articles in International Journal of Information Systems and Supply Chain Management (IJISSCM) from IGI Global
Bibliographic data for series maintained by Journal Editor ().