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Impact of Revenue Sharing Contract on the Performance of Vendor Managed Inventory

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한국유통과학회 (Korea Distribution Science Association)|2023.09|산경연구논집 (The Journal of Industrial Distribution & Business)|제14권 제9호|pp. 21-30|DOI 10.13106/jidb.2023.vol14.no9.21

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참고문헌

키워드

Supply Chain CollaborationVendor Managed InventoryOptimization Model.Revenue Sharing Contract

초록

Purpose: Focusing on the role of the special contract to collaborate the supply chain operations, this study investigates how the revenue sharing contract affects the performance of Vendor Managed Inventory (VMI). Research design, data, and methodology: The optimization model is formulated to represent two stage supply chain system where the supplier and retailer manage the operations to maximize their own profits. Three supply chain models including the traditional system, VMI, and VMI with revenue sharing contract are compared in the numerical examples. Results: According to the numerical analysis, the entire supply chain system has greater profit under VMI than the traditional system, while VMI alone sacrifices the supplier’s profit. With the proper sets of revenue share ratio and wholesale price discount rate, VMI with revenue sharing contract results in the increased profit for both supplier and retailer compared with VMI alone as well as the traditional system. Conclusions: The numerical examples imply that VMI, when it is combined with the revenue sharing contract, can be the effective collaboration program that satisfies every supply chain member. To make VMI with revenue sharing contract to be fair to all supply chain members, they need to agree on the appropriate contract content.

Abstract

Purpose: Focusing on the role of the special contract to collaborate the supply chain operations, this study investigates how the revenue sharing contract affects the performance of Vendor Managed Inventory (VMI). Research design, data, and methodology: The optimization model is formulated to represent two stage supply chain system where the supplier and retailer manage the operations to maximize their own profits. Three supply chain models including the traditional system, VMI, and VMI with revenue sharing contract are compared in the numerical examples. Results: According to the numerical analysis, the entire supply chain system has greater profit under VMI than the traditional system, while VMI alone sacrifices the supplier’s profit. With the proper sets of revenue share ratio and wholesale price discount rate, VMI with revenue sharing contract results in the increased profit for both supplier and retailer compared with VMI alone as well as the traditional system. Conclusions: The numerical examples imply that VMI, when it is combined with the revenue sharing contract, can be the effective collaboration program that satisfies every supply chain member. To make VMI with revenue sharing contract to be fair to all supply chain members, they need to agree on the appropriate contract content.

참고문헌 (52)

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관련 논문AI추천

Investigation of Impact of Revenue Sharing Contract on Performance of Two-Stage Supply Chain System유정석한국유통과학회 · 유통과학연구2022 · 제20권 제6호Investigation on How VMI affects Ongoing Performance of Supply Chain System유정석한국유통과학회 · 유통과학연구2020 · 제18권 제1호Vendor-Managed Inventory in Three Stage Supply Chain유정석한국유통과학회 · 유통과학연구2017 · 제15권 제8호Evaluating the Performance of Revenue Sharing Contract in Three Stage Supply Chain System유정석한국유통과학회 · 유통과학연구2024 · 제22권 제1호When VMI with Consignment Brings Benefit to Supply Chain Members?유정석한국유통과학회 · 산경연구논집2021 · 제12권 제5호How VMI and Consignment Jointly Affect Supply Chain Performance유정석한국유통과학회 · 유통과학연구2015 · 제13권 제3호

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