Assessing the value of early order commitment for supply chains with (s, S) policies and lost sales

The integration of supply chains as a mechanism for value creation is largely dependent on continuous flow of real time accurate information from the customer back upstream to the manufacturer. This ideal is often unachievable when disruptions in the flow of information and materials are known to regularly occur in some manufacturing supply chains. This paper focuses on quantifying the potential lost sales revenue attributed to information and material delays in a supply chain using discrete event simulation of the Beer Distribution Game. Results indicate a direct relationship between lost sales revenue and delay times. When exposed to several levels of delay such disruptions will cause loss of sales revenue. Interestingly, data collected suggests that information delays play a larger role than material delays as a contributor to lost sales revenue. This study provides a solid platform to further justify the implementation of technology such as RFID in an effort to decrease the level of lost sales revenue in manufacturing supply chains. The implementation of technologies that will increase the speed of information flow throughout a supply chain as well as increasing visibility of inventory in the supply chain can assist to minimise lost sales.

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An Analysis of Lost Sales

Management and Economics Research Journal ◽

10.18639/merj.2015.01.159412 ◽

2015 ◽

Vol 01 ◽

pp. 28

Author(s):

Jeffrey E. Jarrett ◽

Keyword(s):

Time Series ◽

Seasonal Variation ◽

Supply Chains ◽

Lost Sales ◽

Data Set ◽

Quality Product ◽

Series Component ◽

Shed Light

The purpose of this manuscript is to shed light on problems associated with lost sales and the incurring of cost associated with lost sales. An investigation is made to determine if seasonality in sales and lost sales have effects on the efficient operations of supply chains. Optimization is always a goal of management supply chains, but cost increases due to insufficient inventory, low-quality product and the like lead to customers not returning. These are lost sales that occur for many reasons. We study a data set to determine if the ignoring of time series component also has an effect on the variation in lost sales. If so, can we measure the magnitude of the effects of seasonal variation in lost sales, and what are their consequences?

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Information sharing in capacity constrained supply chains under lost sales

International Journal of Production Research ◽

10.1080/00207543.2010.535037 ◽

2011 ◽

Vol 49 (24) ◽

pp. 7469-7491 ◽

Cited By ~ 8

Author(s):

Lauren B. Davis ◽

Russell E. King ◽

Thom J. Hodgson ◽

Wenbin Wei

Keyword(s):

Supply Chains ◽

Information Sharing ◽

Lost Sales ◽

Capacity Constrained

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Soft Order Commitment in Supply Chains: Role of Penalties and Rationing Rules

Decision Sciences ◽

10.1111/deci.12327 ◽

2018 ◽

Vol 50 (2) ◽

pp. 340-373

Author(s):

Zhili Tian ◽

Sammi Yu Tang ◽

Panos (Panos) Kouvelis

Keyword(s):

Supply Chains ◽

Order Commitment

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Game theoretic pricing and ordering decisions with partial lost sales in two-stage supply chains

International Journal of Production Economics ◽

10.1016/j.ijpe.2010.12.007 ◽

2011 ◽

Vol 130 (2) ◽

pp. 175-185 ◽

Cited By ~ 19

Author(s):

Gangshu (George) Cai ◽

Wen-Chyuan Chiang ◽

Xiangfeng Chen

Keyword(s):

Supply Chains ◽

Lost Sales ◽

Two Stage ◽

Game Theoretic

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An online cost allocation model for horizontal supply chains

Transportation Research Part C Emerging Technologies ◽

10.1016/j.trc.2020.102888 ◽

2021 ◽

Vol 122 ◽

pp. 102888

Author(s):

Han Zou ◽

Maged M. Dessouky ◽

Shichun Hu

Keyword(s):

Supply Chains ◽

Cost Allocation ◽

Allocation Model

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Codes of Conduct: Lieferantenkodizes: Sinnvolles Instrument zur Lieferantensteuerung oder reine Marketingmaßnahme?

Klinik Einkauf ◽

10.1055/s-0040-1715327 ◽

2020 ◽

Vol 02 (03/04) ◽

pp. 60-61

Author(s):

Jörg Schlüchtermann ◽

Johannes Heller

Keyword(s):

Supply Chains ◽

Codes Of Conduct

Insbesondere in komplexen Supply Chains ist es heute üblich, dass Kunden ihre Lieferanten über Selbstverpflichtungserklärungen (Codes of Conduct) steuern. Forschungen aus anderen Industrien zeigen die Möglichkeiten, aber auch Grenzen der Arbeit mit diesem Instrument des Lieferantenmanagements. Davon können auch Krankenhauseinkäufer profitieren.

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