Engineering patterns of supply chain optimization to manage oscillation effect

The cascading order variability from downstream trumping up the upstream site of the supply chain network indicates the deleterious effect to the performance of the fast moving consumer goods industry. The fundamental likelihood to optimization in this industry requires dexterous flows of quasi-real-time information, as well as reliable product availability. In this context, this study analyzes the challenges of bullwhip effect on the perspective of ingenious optimization strategies, and further contemplates to establish the engineering patterns of interrelationships on the magnitude of pooling the resources to advance supply chain capabilities. The suppression of bullwhip effect on underlying optimization strategies is sought to elevate accelerated responsiveness, improve network demand visibility and reduce volatility in frequencies to inventory replenishment. A rigorous and disciplined quantitative approach afforded the tentatively development of pattern of interrelated supply chain dimensions. The factor analysis method was used on 448 responses and insightful findings were produced from the compelling purposive sampling technique. The findings indicate that the magnitude of better ameliorating bullwhip effect, the value of competitive economic information and strength of selected optimization strategies depend on the model of unified engineering patterns. This paper provides insights to FMCG industry on using innovative strategies and modern technology to enhance supply chain visibility through integrated systems networks.

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Decoupling paradigm of push-pull theory of oscillation in the FMCG industry

South African Journal of Business Management ◽

10.4102/sajbm.v47i2.60 ◽

2016 ◽

Vol 47 (2) ◽

pp. 53-66 ◽

Cited By ~ 3

Author(s):

T.P. Mbhele

Keyword(s):

Supply Chain ◽

Bullwhip Effect ◽

Modern Technology ◽

Supply Chain Performance ◽

Chain Model ◽

Supply Chain Network ◽

Innovative Strategies ◽

Supply Chain Model ◽

Demand Information ◽

Order Variability

The amplification of demand order variability germinates from distorted demand information upstream while sometimes reacting to demand-driven inventory positioning influenced by the custodians of downstream information. This studyuses factor analysis to tentatively develop a supply chain model to enhance the competence of supply chain performance in terms of responsiveness, connectivity and agility. The results of the analysis indicate that the magnitude of control on the bullwhip effect and access to economic information on demand orders in the supply chain network are associated with the modelling of the push-pull theory of oscillation on three mirror dimensions of supply chain interrelationships (inventory positioning, information sharing and electronically-enabled supply chain systems). The findings provide the perspective on managing amplification in consumer demand order variability upstream in the supply chain network while enhancing the overall efficiency of supply chain performance. This article provides insight into the use of innovative strategies and modern technology to enhance supply chain visibility through integrated systems networks.

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Bullwhip effect mitigation of green supply chain optimization in electronics industry

Journal of Cleaner Production ◽

10.1016/j.jclepro.2018.01.134 ◽

2018 ◽

Vol 180 ◽

pp. 888-912 ◽

Cited By ~ 14

Author(s):

Yuhuan Zhao ◽

Ye Cao ◽

Hao Li ◽

Song Wang ◽

Ya Liu ◽

...

Keyword(s):

Supply Chain ◽

Bullwhip Effect ◽

Electronics Industry ◽

Green Supply Chain ◽

Supply Chain Optimization

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Pricing and Revenue Management in Logistic & Supply Chain Management

BSSS Journal of Management ◽

10.51767/jm1108 ◽

2020 ◽

Author(s):

Pallikkara Viswanathan N.C

Keyword(s):

Supply Chain ◽

Supply Chain Management ◽

Revenue Management ◽

Minimum Cost ◽

Modern Technology ◽

Chain Management ◽

Product Availability ◽

Limited Supply ◽

Internal Operations ◽

The Right

In supply chain, allowing organization to increase revenue since the modern technology enables price changes to be affected at the minimum cost in the supply chain. In supply chain also understandable is managing dynamics of supply chain, both the internal operations, and the relationship. Pricing decisions have different effects on operations in logistics and supply chain. In supply chain management, revenue management is the use of pricing to increase the supply chain surplus, profit generated from the limited supply chain available on the assets utilized. Pricing is a factor that gears up profit in supply chain through an approval to match supply chain demand. Revenue management can be defined as the application of pricing to increase profit, which is produced from a limited supply of supply chain assets. The supply chain limited assets are available for assembly, shipment, storage, while inventory are available in the inner portion of supply chain activities, which are utilized to develop , and make items accessible for production, distribution, wholesalers, selling. In supply chain there may be two forms one is the capacity of the assets that exist for production, transportation, storage, and another is the inventory that exist in order to improve the product availability, in which multiple customers, revenue management aims to grow profits by selling the assets to the customer, at the right price in supply chain.

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BUSINESS MODEL FINANCIALLY VIABLE FOR A RADIO FREQUENCY IDENTIFICATION (RFID) APPLICATION TO HALAL FOOD SYSTEM

Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) ◽

10.20473/jebis.v3i1.3169 ◽

2017 ◽

Vol 3 (1) ◽

pp. 12

Author(s):

Artya Lathifah ◽

Winda Narulidea

Keyword(s):

Supply Chain ◽

Radio Frequency ◽

Business Model ◽

Radio Frequency Identification ◽

Food System ◽

Product Availability ◽

Traceability System ◽

Frequency Identification ◽

Halal Food ◽

Real Time Information

Recently, the halal concept has acquired a raising attention. This is as a result of the number of global Muslim population increasing annually. Halal concept has become more popular since Halal food consumers more aware and concern about the integrity of Halal status. Consumers also inquisitive about all the activities involved along the supply chain whether the products that they purchased were truly Halal. In order to accomplish the intent to further develop halal sector, something need to be done to introduce a comprehensive and suitable tracking and tracing technology for the sustainability of the halal product integrity. So, a proper technological framework that can support the entire supply chain of halal product process is needed. This paper discusses a financially viable business model for a Radio Frequency Identification (RFID) application to a halal food traceability system. We use a case study of RFID implementation in the chain of convenience stores from previous research. RFID will give benefits for integrity of the Halal Supply Chain by branding of the trustworthy of the “Halal” itself. For the economic aspect, RFID give advantage not only in responsess to the product availability and customer’s satisfaction but also real time information about demand. Keywords: Financially viable; Halal Supply Chain integrity, RFID, Traceability

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A Review on the Application of Neural Networks for Decreasing Bullwhip Effect in Supply Chain

International Review of Mechanical Engineering (IREME) ◽

10.15866/ireme.v9i5.6271 ◽

2015 ◽

Vol 9 (5) ◽

pp. 438

Author(s):

Milad Yousefi ◽

Moslem Yousefi ◽

Ricardo Poley Martins Ferreira

Keyword(s):

Neural Networks ◽

Supply Chain ◽

Bullwhip Effect

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Classification of Operational and Financial Variables Affecting the Bullwhip Effect in Indian Sectors: A Machine Learning Approach

Recent Patents on Computer Science ◽

10.2174/2213275911666181012121059 ◽

2019 ◽

Vol 12 (3) ◽

pp. 171-179 ◽

Cited By ~ 6

Author(s):

Sachin Gupta ◽

Anurag Saxena

Keyword(s):

Machine Learning ◽

Data Mining ◽

Supply Chain ◽

Supply Chain Management ◽

Product Life Cycle ◽

Consumer Preference ◽

Bullwhip Effect ◽

Machine Learning Techniques ◽

Chain Management ◽

Financial Variables

Background: The increased variability in production or procurement with respect to less increase of variability in demand or sales is considered as bullwhip effect. Bullwhip effect is considered as an encumbrance in optimization of supply chain as it causes inadequacy in the supply chain. Various operations and supply chain management consultants, managers and researchers are doing a rigorous study to find the causes behind the dynamic nature of the supply chain management and have listed shorter product life cycle, change in technology, change in consumer preference and era of globalization, to name a few. Most of the literature that explored bullwhip effect is found to be based on simulations and mathematical models. Exploring bullwhip effect using machine learning is the novel approach of the present study. Methods: Present study explores the operational and financial variables affecting the bullwhip effect on the basis of secondary data. Data mining and machine learning techniques are used to explore the variables affecting bullwhip effect in Indian sectors. Rapid Miner tool has been used for data mining and 10-fold cross validation has been performed. Weka Alternating Decision Tree (w-ADT) has been built for decision makers to mitigate bullwhip effect after the classification. Results: Out of the 19 selected variables affecting bullwhip effect 7 variables have been selected which have highest accuracy level with minimum deviation. Conclusion: Classification technique using machine learning provides an effective tool and techniques to explore bullwhip effect in supply chain management.

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Implementation of Vendor Managed Inventory (VMI) in Managing Intra Ocular Lenses (IOL) in Eye Care Organization

International Research Journal of Management IT and Social Sciences ◽

10.21744/irjmis.v2i9.72 ◽

2015 ◽

Vol 2 (9) ◽

pp. 1 ◽

Cited By ~ 1

Author(s):

Nancy Sharma

Keyword(s):

Supply Chain ◽

Operational Efficiency ◽

Care Organization ◽

Healthcare Industry ◽

Vendor Managed Inventory ◽

Eye Care ◽

Inventory Cost ◽

Innovative Strategies ◽

Industry Hospital

Nowadays healthcare has a completely changed scenario as compared with the early 90’s. As more and more profit generating hospitals are coming in the industry, hospital and healthcare is no longer remains a charitable or philanthropically act. So to be remain in the market and compete within hospitals need to now focus on the different and innovative strategies in every aspect. Supply chain and operations is one of the important key of any organization which directly impact on business and revenue. Vendor Managed inventory is not a new concept but it is not efficiently utilized in service and healthcare industry as of now. Some retail and automobile industries has utilized the concept and also able to reduce the inventory cost with manageable position of stock out and over stocking position. As hospital’s key functioning is to deal with life of patients on day to day so position of material need to be necessarily on right time and right place. This paper is based on the insight of the application of vendor managed inventory in the management of inventory for the IOL (Intra ocular lenses) that is used for the surgeries in the eye hospital. We will also study the questionnaire on the acceptability of the concept of vendor managed inventory in the hospital that will help to assess the acceptability of VMI in hospital and healthcare industry. Also a framework matrix is designed to understand the relation of VMI with the revenue earning and smoothening of operational efficiency.

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