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Simulation Study of Two Supply Chain Collaboration Programs: Consignment and VMI

Chung-Suk Ryu
한국유통과학회 (Korea Distribution Science Association)|2016.04|유통과학연구 (Journal of Distribution Science)|제14권 제4호|pp. 21-31|DOI 10.15722/jds.14.4.201604.21

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참고문헌

키워드

Supply Chain CollaborationSupply Chain ManagementConsignmentSimulation ModelVendor-Managed Inventory (VMI)

초록

Purpose This study examines how consignment and – Vendor-Managed Inventory perform as supply chain collaboration programs. By using three key collaborative features, this study defines the collaboration programs and develops theoretical models of different supply chain systems. Research design, data and methodology This study con – -ducts sophisticated analysis on the supply chain systems by applying simulation modeling based on time-phased operations. The simulation model represents a two-stage supply chain system where a supplier sells a single item to a buyer, and it incorporates various operations. Results In general, the simulation outcomes support that – more advanced collaboration programs outperform less advanced ones. The analysis on the simulation outcomes identifies the significant value of information sharing in both collaboration programs. The specific conditions where the particular collaboration system outperforms the others are recognized. Conclusions The outcome of this study supports that the – supply chain system can improve its performance by having more collaborative features. This study provides business practitioners with guidelines to identify the circumstances that the specific collaboration program can fully exploit its advantages.

Abstract

Purpose This study examines how consignment and – Vendor-Managed Inventory perform as supply chain collaboration programs. By using three key collaborative features, this study defines the collaboration programs and develops theoretical models of different supply chain systems. Research design, data and methodology This study con – -ducts sophisticated analysis on the supply chain systems by applying simulation modeling based on time-phased operations. The simulation model represents a two-stage supply chain system where a supplier sells a single item to a buyer, and it incorporates various operations. Results In general, the simulation outcomes support that – more advanced collaboration programs outperform less advanced ones. The analysis on the simulation outcomes identifies the significant value of information sharing in both collaboration programs. The specific conditions where the particular collaboration system outperforms the others are recognized. Conclusions The outcome of this study supports that the – supply chain system can improve its performance by having more collaborative features. This study provides business practitioners with guidelines to identify the circumstances that the specific collaboration program can fully exploit its advantages.

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관련 논문AI추천

How VMI and Consignment Jointly Affect Supply Chain Performance유정석한국유통과학회 · 유통과학연구2015 · 제13권 제3호An Investigation of the Impact of Two VMI Variants on Supply Chain Performance유정석한국기업경영학회 · 기업경영연구2012 · 제19권 제4호When VMI with Consignment Brings Benefit to Supply Chain Members?유정석한국유통과학회 · 산경연구논집2021 · 제12권 제5호How Consignment Should be Implemented to be an Effective Supply Chain Collaboration Program?유정석한국유통과학회 · 산경연구논집2023 · 제14권 제6호Review of Vendor Managed Inventory: Investigation on How It Improves Supply Chain PerformanceChung-Suk Ryu한국유통과학회 · 유통과학연구2016 · 제14권 제9호Consignment Review: Investigation into Its Potential as a Supply Chain Collaboration Program유정석한국유통과학회 · 유통과학연구2014 · 제12권 제7호

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