scholarly journals Supply chain models with consignment stock agreement, payment schemes and delay-in-payments

2021 ◽  
Author(s):  
Siraj Khalid Saleh Zahran
Keyword(s):  
Supply Chain ◽  
Inventory Management ◽  
Coordination Mechanisms ◽  
Supply Chain System ◽  
Chain Management ◽  
Payment Schemes ◽  
Working Together ◽  
Delay In Payments ◽  
Multiple Buyers ◽  
Better Than

Supply chain management (SCM) has shown to be a successful strategy to manage the flow of goods, materials, information and services between multiple entities in one organization or multiple businesses working together to provide final customers with final products or services with the objective of improving and enhancing the performance of the chain and maximizing its profit. Inventory management (IM) is one element of the SCM that has shown researchers’ interests as it plays a major role in increasing supply chain profits and satisfying customers. Different coordination mechanisms have been developed to improve the collaboration and the integration of supply chain players. Consignment stock (CS) is one of the coordination mechanisms that is extensively studied by researchers to reflect its benefits, drawbacks, and the proper techniques of implementing it between two or more players in the chain. The studies of the CS still have some gaps that can be covered by researchers such as studying its effect in a three-level supply chain or when a delay-in-payment exists. Optimizing the number of payments or studying a three-level supply chain system with multiple suppliers and multiple buyers has not been developed. This thesis covers these gaps and considers different scenarios where a CS, a traditional policy (TP) or a combination between both of them might exist in case a system consists of three players. The main findings are optimizing the number of payments and incorporating a delay-in-payment increase the profit of the chain. In addition, a combination of a TP between the upstream players and a CS between the downstream players has shown to be better than adopting the same policy between all players. Some results of adopting a CS by all players have shown to be very close to the best scenario which could be the best option when demands highly fluctuate.

scholarly journals Supply chain models with consignment stock agreement, payment schemes and delay-in-payments

2021 ◽  
Author(s):  
Siraj Khalid Saleh Zahran
Keyword(s):  
Supply Chain ◽  
Inventory Management ◽  
Coordination Mechanisms ◽  
Supply Chain System ◽  
Chain Management ◽  
Payment Schemes ◽  
Working Together ◽  
Delay In Payments ◽  
Multiple Buyers ◽  
Better Than

Supply chain management (SCM) has shown to be a successful strategy to manage the flow of goods, materials, information and services between multiple entities in one organization or multiple businesses working together to provide final customers with final products or services with the objective of improving and enhancing the performance of the chain and maximizing its profit. Inventory management (IM) is one element of the SCM that has shown researchers’ interests as it plays a major role in increasing supply chain profits and satisfying customers. Different coordination mechanisms have been developed to improve the collaboration and the integration of supply chain players. Consignment stock (CS) is one of the coordination mechanisms that is extensively studied by researchers to reflect its benefits, drawbacks, and the proper techniques of implementing it between two or more players in the chain. The studies of the CS still have some gaps that can be covered by researchers such as studying its effect in a three-level supply chain or when a delay-in-payment exists. Optimizing the number of payments or studying a three-level supply chain system with multiple suppliers and multiple buyers has not been developed. This thesis covers these gaps and considers different scenarios where a CS, a traditional policy (TP) or a combination between both of them might exist in case a system consists of three players. The main findings are optimizing the number of payments and incorporating a delay-in-payment increase the profit of the chain. In addition, a combination of a TP between the upstream players and a CS between the downstream players has shown to be better than adopting the same policy between all players. Some results of adopting a CS by all players have shown to be very close to the best scenario which could be the best option when demands highly fluctuate.

Implementing Supply Chain Strategies

2019 ◽  
pp. 78-109
Keyword(s):  
Supply Chain ◽  
Inventory Management ◽  
Data Science ◽  
Supply Chain System ◽  
Chain Management ◽  
Supply Chain Strategy ◽  
Corporate Strategies ◽  
Inventory Turnover ◽  
Order Fulfilment ◽  
Outsourcing Decision

This chapter emphasizes the key elements required to implement supply chain strategy in a firm. It highlights the differences in supply chain strategies, its alignment with corporate strategies, and the associated drivers of supply chain management. This chapter also highlights the dynamics associated with inventory and success of supply chain of a firm. It tries to provide a framework to resolve the supply chain managers' dilemma as to hold inventory for order fulfilment or to enhance the inventory turnover ratio to maximize profitability. The chapter discusses all facets of inventory management – it includes inventory management of constant as well as dynamic demand. This chapter introduces the concept of adaptive inventory control for non-stationary demand. There are situations when all assumptions of conventional approach may fail and hence points out the importance of application of artificial intelligence and data science in inventory management. This chapter brings out the varied dimensions of contracts that are crucial to have an effective supply chain system. Here the author attempts to put forward an outsourcing decision framework to facilitate make or buy decision. This chapter relates the concept of materials requirement planning (MRP) with independent items. Since supply chains are going global, this chapter introduces the concepts behind global sourcing including the significance of INCO (international commercial) terms.

The Research of Inventory Management Based on the Supply Chain

2014 ◽  
Vol 687-691 ◽  
pp. 5116-5119
Author(s):  
Guo Gang Li ◽  
Jia Ying Zhou ◽  
Ting Yang
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Inventory Management ◽  
Normal Operation ◽  
Supply Chain System ◽  
Chain Management ◽  
Chain System ◽  
Existing Problems ◽  
The Difference ◽  
Market Needs

In the supply chain system, the inventory is the main object of supply chain management, the level of inventory is high or low not only affects the comprehensive cost of a single enterprise, but also restricts the performance of entire supply chain.To realize the difference between inventory management under the supply chain environment and the traditional supply chain management, to establish stock corresponding to uncertain market needs and how to overcome the existing problems is the important issues the enterprise managers must consider when they improve and optimize the supply chain . This article is based on that researching the problem of inventory management under the environment of supply chain,analyzing the challenges it faces, maintaining the good performance of the supply chain under the premise of normal operation of each link. At the sane time,it interprets the connotation of the supply chain and the inventory management under the environment of supply chain, and points out the several kinds of inventory management mode under environment of supply chain enterprises can take.

Big Data Analytics in the Agribusiness Supply Chain Management

2021 ◽  
Vol 9 (3) ◽  
pp. 32-42
Author(s):  
Marisol Valencia-Cárdenas ◽  
Jorge Anibal Restrepo-Morales ◽  
Francisco Javier Día-Serna
Keyword(s):  
Big Data ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Structural Equation Model ◽  
Inventory Management ◽  
Latent Variables ◽  
Structural Equation ◽  
Big Data Analytics ◽  
Equation Model ◽  
Chain Management

Importance and impact of the systems related to Agribusiness and Agri-food, are increasing around the world and demand a paramount attention. Collaboration in the inventory management is an integral part of the supply chain management, related to proactive integration among the chain actors facilitating production and supply, in especial in the agroindustrial sector of the Departamento de Antioquia, Colombia. This research establishes the main relationships between latent variables as collaboration, technology, models, optimization and inventory management, based on a literature review and applying a Structural Equation Model to a survey data of a sample of agribusiness companies. The results show that Available Technologies associated with Big Data, generates improvement of Collaboration Strategies, improving also Forecasting and Optimization; besides, Inventory Planning and Collaboration are related to Available Technologies associated with Big Data. A Poisson regression model and a Structural Equation Model estimations detect that the increasing strategies of technologies and Big Data are favorable to apply collaboration in the supply chain management, increasing possibilities to the enterprise competitiveness.

scholarly journals BENEFITS ASSESSMENT OF TRAINING ON SUPPLY CHAIN MANAGEMENT

2015 ◽  
Vol 7 (2) ◽  
Author(s):  
Claudemir L. Tramarico ◽  
Fernando A. S. Marins ◽  
Ligia M. S. Urbina ◽  
Valerio A. P. Salomon
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Inventory Management ◽  
Operations Management ◽  
Evaluation Model ◽  
Core Competencies ◽  
Critical Factor ◽  
Organizational Capability ◽  
Chain Management ◽  
Chemical Company

<p>Supply chain management (SCM) is a critical factor in the current global scenario. This organizational capability has a recent knowledge base, which is being accumulated, validated, and certified by groups like the Association for Operations Management (APICS). Therefore, training in SCM has been growing as one of the most convenient ways of becoming “Certified in Production and Inventory Management” (CPIM) from APICS. Companies all over the world have invested in SCM training; however, some companies have conditioned the continuity of their training programs to the benefits assessment. This paper contributes by proposing an evaluation model for specific program training on SCM. This model was applied in a global chemical company, which allowed capturing its impact on organizational and individual competencies, as well as on the core competencies. The proposed model includes the Analytic Hierarchy Process (AHP) and concepts in the SCM literature. The main result revealed by this research is that an SCM training based on APICS CPIM is really perceived as beneficial, in individual or organizational terms, for a real-world company. Therefore, this company should be confident that its SCM training program is improving and strengthening its core competencies.</p>

Analyzing an Impact of Industry 4.0 on Logistics and Supply Chain

2019 ◽  
pp. 1279-1304
Author(s):  
Petr Jirsak
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Industry 4.0 ◽  
Process Management ◽  
Supply Chain System ◽  
Chain Management ◽  
Productivity Process ◽  
Customer Services ◽  
Depth Interviews

The chapter presents an impact of Industry 4.0 transformation on logistics and supply chain management. Logistics and later supply chain management discipline has gone through a number of changes in the last 50 years, namely transition among mass, lean, agile, resilient, and green. All of them are paradigm changes as each significantly reshapes the orientation of the discipline in the source of competitiveness, risk concern, customer services, productivity, process management, externalities, costs, and other aspects of the disciplines. The author presents findings gained in the exploration of these fundamental changes and provides a comparison with a previous change of paradigm. The chapter proposes a transformation that the company supply chain system has to go through to re-establish its competitive position at the time of Industry 4.0. The chapter provides a case study of 3PL perception of Industry 4.0 based on in-depth interviews conducted among the major global 3PLs operating in the Czech Republic.

Supply Chain Management Practices, Competitive Advantage and Organizational Performance

2018 ◽  
pp. 1181-1207 ◽  
Author(s):  
Rajwinder Singh ◽  
H.S. Sandhu ◽  
B.A. Metri ◽  
Rajinder Kaur
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Customer Satisfaction ◽  
Competitive Advantage ◽  
Organizational Performance ◽  
Inventory Management ◽  
Structural Equation Modelling ◽  
Structural Equation ◽  
Management Practices ◽  
Chain Management

Supply chain is the process of continuous flow of products or services from source to the destination. Supply chain management has become an effective tool now a day to survive in this competitive world. Organizations do their best to harvest profits by adopting better supply chain management practices for competitive advantage and organizational performance. In this paper an attempt has been made to understand the relationship among supply chain practices, competitive advantage, and organizational performance using structural equation modelling. This research conceptualizes and develops five secondary dimensions of supply chain practices (Use of technology, SC speed, Customer satisfaction, SC integration, and Inventory management). The research also identifies four primary competitive advantage components (Inventory management, Customer satisfaction, Profitability, and Customer base identification) and six primary organizational performance components (Financial Performance, Market performance, SC competencies, Customer satisfaction, Stakeholder satisfaction, and Innovation and learning). The data for analysis was collected from top 10 non-livestock organized retail players operating in Punjab, Haryana, Chandigarh, New Delhi and, Gurgaon in India. The relationships in the proposed framework were tested using structural equation modelling. The results indicate that Indian retailers know that competitive advantage has high impact on SCP but they have less understanding in matching SCP and competitive advantage with organizational performance.

Analyzing an Impact of Industry 4.0 on Logistics and Supply Chain

2018 ◽  
pp. 121-146
Author(s):  
Petr Jirsak
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Industry 4.0 ◽  
Process Management ◽  
Supply Chain System ◽  
Chain Management ◽  
Productivity Process ◽  
Customer Services ◽  
Depth Interviews

The chapter presents an impact of Industry 4.0 transformation on logistics and supply chain management. Logistics and later supply chain management discipline has gone through a number of changes in the last 50 years, namely transition among mass, lean, agile, resilient, and green. All of them are paradigm changes as each significantly reshapes the orientation of the discipline in the source of competitiveness, risk concern, customer services, productivity, process management, externalities, costs, and other aspects of the disciplines. The author presents findings gained in the exploration of these fundamental changes and provides a comparison with a previous change of paradigm. The chapter proposes a transformation that the company supply chain system has to go through to re-establish its competitive position at the time of Industry 4.0. The chapter provides a case study of 3PL perception of Industry 4.0 based on in-depth interviews conducted among the major global 3PLs operating in the Czech Republic.

Supply Chain Management Practices, Competitive Advantage and Organizational Performance

2018 ◽  
pp. 871-897
Author(s):  
Rajwinder Singh ◽  
H.S. Sandhu ◽  
B.A. Metri ◽  
Rajinder Kaur
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Customer Satisfaction ◽  
Competitive Advantage ◽  
Organizational Performance ◽  
Inventory Management ◽  
Structural Equation Modelling ◽  
Structural Equation ◽  
Management Practices ◽  
Chain Management

Supply chain is the process of continuous flow of products or services from source to the destination. Supply chain management has become an effective tool now a day to survive in this competitive world. Organizations do their best to harvest profits by adopting better supply chain management practices for competitive advantage and organizational performance. In this paper an attempt has been made to understand the relationship among supply chain practices, competitive advantage, and organizational performance using structural equation modelling. This research conceptualizes and develops five secondary dimensions of supply chain practices (Use of technology, SC speed, Customer satisfaction, SC integration, and Inventory management). The research also identifies four primary competitive advantage components (Inventory management, Customer satisfaction, Profitability, and Customer base identification) and six primary organizational performance components (Financial Performance, Market performance, SC competencies, Customer satisfaction, Stakeholder satisfaction, and Innovation and learning). The data for analysis was collected from top 10 non-livestock organized retail players operating in Punjab, Haryana, Chandigarh, New Delhi and, Gurgaon in India. The relationships in the proposed framework were tested using structural equation modelling. The results indicate that Indian retailers know that competitive advantage has high impact on SCP but they have less understanding in matching SCP and competitive advantage with organizational performance.

Evaluating the Influence of E-SCM on Business Integrity in SMEs

2013 ◽  
Vol 9 (4) ◽  
pp. 1-11 ◽  
Author(s):  
Hany Abdelghaffar ◽  
Nada Hassan
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Management System ◽  
Rapid Development ◽  
The Internet ◽  
Supply Chain System ◽  
Chain Management ◽  
Supply Chain Management System ◽  
Business Functions

Due to the extensive competition in today’s markets and the rapid development of new products and services, many companies started to invest on implementing supply chain management system. The rapid development of the internet had helped companies to establish their electronic supply chain system with suppliers in order to enhance the business functions. This paper investigates how e-supply chain management system enhances the business integrity at SMEs. To achieve this, a conceptual model was introduced and tested via a case study. Findings showed that implementing e-SCM helps SMEs to increase business integrity which leads to enhancing the efficiency and flexibility of the procurement process.

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