scholarly journals Transfer of Risk in Supply Chain Management with Joint Pricing and Inventory Decision Considering Shortages

Mathematics ◽  
2021 ◽  
Vol 9 (6) ◽  
pp. 638
Author(s):  
Irfanullah Khan ◽  
Biswajit Sarkar
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Sensitivity Analyses ◽  
Selling Price ◽  
Distribution Free ◽  
Chain Management ◽  
Distribution Free Approach ◽  
Joint Pricing ◽  
Inventory Decision ◽  
The Cost

This study is the first to consider a distribution-free approach in a newsvendor model with a transfer of risk and back-ordering. Previously, in many articles, discrete demand is considered. In this model, we consider a newsvendor selling a single seasonal item with price-dependent stochastic demand. Competition in markets has forced the retailer and manufacturer to coordinate in decentralized supply chain management. A coordination contract is made between a retailer and manufacturer to overcome the randomness of demand for a short-life-cycle product. The retailer pays an additional amount per product to transfer the risk of unsold items. The manufacturer bears the cost of unsold products from the retailer. Shortages are allowed with back-ordering costs during the season. The distribution-free model is developed and solved with only available demand data of mean and standard deviation. Stackelberg’s game approach is used to calculate the optimal ordering quality and price. This model aims to maximize expected profit by optimizing unit selling price and ordered quantity through coordination. To illustrate that the model is robust, numerical experiment and sensitivity analyses are conducted for both decentralized and centralized supply chain management. For applicability of the model in the real-world business scenario, managerial insights are provided with sensitivity analysis.

scholarly journals The Impact of Supply Chain Management on Financial Performance and Responsibility Accounting Agribusiness Case from Egypt

2017 ◽  
Vol 6 (2) ◽  
pp. 136 ◽  
Author(s):  
Mohamed Ali Wahdan ◽  
Mohamed Ashraf Emam
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Financial Performance ◽  
Financial Statements ◽  
Net Income ◽  
Chain Management ◽  
Research Questions ◽  
The Cost ◽  
The Impact ◽  
Responsibility Accounting

This paper presents the impact of applying the supply chain management (SCM) on the agribusiness field to optimize productivity and decreasing cost which will have a direct impact on the net income of the organization. The main two research questions are: is there a significant impact of supply chain management on financial performance? and is there a significant relationship between supply chain management and financial performance as well as responsibility accounting? To answer the research questions, data was collected from financial statements of agribusiness case from Egypt and the survey was conducted. The findings of the study indicated that there is a significant impact of supply chain management on financial performance through enhancing the productivity, decreasing the cost and improving profitability. Moreover, applying the efficient supply chain management can improve the use of responsibility accounting through the efficient usage for the budget of the crop.

Enterprise Inventory Control Based on Supply Chain Management

2012 ◽  
Vol 472-475 ◽  
pp. 3273-3276
Author(s):  
Qing Ying Zhang ◽  
Ying Chi ◽  
Yu Liu ◽  
Qian Shi
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Inventory Control ◽  
Control Strategies ◽  
Minimum Cost ◽  
Chain Management ◽  
Main Target ◽  
The Cost

The main target of supply chain management is to control inventory of each node enterprise effectively with the minimum cost. In this paper, the control strategies and methods of inventory based on supply chain management are put forward, which are significant for saving the cost of supply chain and improving the overall benefits of the whole chain.

THE ROLE OF INFORMATION SHARING IN SUPPLY CHAIN MANAGEMENT: THE SECURESCM APPROACH

2011 ◽  
Vol 08 (03) ◽  
pp. 455-467 ◽  
Author(s):  
ERNESTO DAMIANI ◽  
FULVIO FRATI ◽  
ROMARIC TCHOKPON
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Information Sharing ◽  
Secure Computation ◽  
Normal Operation ◽  
Chain Management ◽  
The Cost ◽  
Role Of Information ◽  
Share Information

Information sharing plays a role of paramount importance in modern supply chain environments. In fact, the elements that compose the chain need to share information about sensitive aspects of their business in order to build more accurate and profitable supply plans. In this paper, we describe how the increasing of information released increases the overall economic results of the whole chain, and how this information can be protected, exploiting secure computation techniques, to reduce the risk of data disclosure and prevent quasi-altruistic or selfish behaviors without interfering with the chain's normal operation, and in particular with the minimization of the cost function.

scholarly journals Simulation and Modeling Efforts to Support Decision Making in Healthcare Supply Chain Management

2014 ◽  
Vol 2014 ◽  
pp. 1-16 ◽  
Author(s):  
Eman AbuKhousa ◽  
Jameela Al-Jaroodi ◽  
Sanja Lazarova-Molnar ◽  
Nader Mohamed
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Simulation And Modeling ◽  
Healthcare Organizations ◽  
Chain Management ◽  
Decision Making Processes ◽  
Environment Simulation ◽  
The Cost ◽  
Support Decision Making

Recently, most healthcare organizations focus their attention on reducing the cost of their supply chain management (SCM) by improving the decision making pertaining processes’ efficiencies. The availability of products through healthcare SCM is often a matter of life or death to the patient; therefore, trial and error approaches are not an option in this environment. Simulation and modeling (SM) has been presented as an alternative approach for supply chain managers in healthcare organizations to test solutions and to support decision making processes associated with various SCM problems. This paper presents and analyzes past SM efforts to support decision making in healthcare SCM and identifies the key challenges associated with healthcare SCM modeling. We also present and discuss emerging technologies to meet these challenges.

Marine Supply Chain Management

1999 ◽  
Vol 15 (04) ◽  
pp. 233-252
Author(s):  
M. Fleischer ◽  
R. Kohler ◽  
T. Lamb Fellow ◽  
H. B. Bongiorni
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Shipbuilding Industry ◽  
Chain Management ◽  
Cost Differential ◽  
Marine Industry ◽  
The Us ◽  
World Class ◽  
The Cost ◽  
Successful Change

The US shipbuilding industry finds itself pressed on many sides by dwindling government and commercial ship orders. Without significant improvement in performance, the US shipbuilding industry will contract to the minimum that can sustain government and Jones Act commercial ship demand. There has been considerable benchmarking of the US shipbuilding with other shipbuilding countries and other US and foreign industries. In these studies, the improved management of the supply chains has been found to be an important way to improve performance. The 1996 21s' Century Agile Shipbuilding Strategies report identified improvement in the relationship between shipyards and their suppliers as one of the highest priorities. In the marine industry over 50% of the cost of the delivered product is for material and equipment. When significant turn-key subcontracting is used this can increase to 75%. Over the past two decades, most US shipbuilders acknowledged that their productivity was significantly lower than world class shipbuilders. More recently they have acknowledged a material cost differential of up to 33%. Clearly, the cost of material is one of the major sources of the lack of international competitiveness of the US marine industry. The performance of the US automotive and aerospace industries has improved significantly by focusing on and improving their supply chain management. Much of Boeing's and Chrysler's improvement has been attributed to successful change in this area. This paper describes the results of a project that analyzed supply chain management in the marine industry as a way to develop a set of best practices.

scholarly journals Impact of Energy and Carbon Emission of a Supply Chain Management with Two-Level Trade-Credit Policy

Energies ◽  
2021 ◽  
Vol 14 (6) ◽  
pp. 1569
Author(s):  
Vandana ◽  
S. R. Singh ◽  
Dharmendra Yadav ◽  
Biswajit Sarkar ◽  
Mitali Sarkar
Keyword(s):  
Supply Chain ◽  
Energy Consumption ◽  
Supply Chain Management ◽  
Carbon Emission ◽  
Trade Credit ◽  
Selling Price ◽  
Chain Management ◽  
Optimum Energy ◽  
Demand Rate ◽  
Dependent Demand

Supply chain management aims to integrate environmental thinking with efficient energy consumption into supply chain management. It includes a flexible manufacturing process, more product delivery to customers, optimum energy consumption, and reduced waste. The manufacturing process can be made more flexible through volume agility. In this scenario, production cannot be constant, and with the concept of volume agility, production is taken as a decision variable under the effect of optimum energy consumption. Considering a two-echelon supply chain, we consider a producer and supplier with two-level-trade-credit policies (TLTCP) with the optimum consumption. To reduce the integrated total inventory cost, we believe that demand is a function of the credit period and selling price. The cost function is analyzed, either with the credit period dependent demand rate or with the selling price dependent demand rate through the numerical examples under energy costs. Energy and carbon emission costs are introduced in setup/ordering cost, holding cost, and item cost for producer and supplier. The effect of inflation on the total cost cannot be ignored; this model is being developed for deteriorating items with the simultaneous impact of volume agility, energy, carbon emission cost, and two-level-trade-credit policies with inflation. This supply chain model was solved analytically and obtained the optimum decision variables in a quasi-closed form solution. An illustrative theorem is being utilized to analyze the optimum result for all the decision parameters. The convexity of the objective function is being obtained analytically as well as graphically. Finally, numerical examples and sensitivity analysis are employed to illustrate the present study and with managerial insights.

Supply Chain Management in China

2006 ◽  
pp. 157-170
Author(s):  
Wei Liu ◽  
Wu Dan ◽  
Chen Xiao
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
21St Century ◽  
Good Control ◽  
Current Status ◽  
Chain Management ◽  
Critical Issues ◽  
Chinese Company ◽  
The Cost

China, a high-developing country, is facing reform in the 21st century. Almost every company in China is undergoing some form of transformation in order to reduce costs and to maximize profits. It is easy to understand the position of the supply chain in a Chinese company, because taking good control of a supply chain means acquiring quality materials at lower costs, so that the cost of unit products will be dramatically reduced, and maximum profits will be made. However, in China, this is easier said than done. This chapter discusses the current status of supply chain management (SCM), challenges and solutions to SCM critical issues, and the role of technology used in SCM in China.

A DISTRIBUTION FREE MODEL FOR LEAD TIME REDUCTION EFFECT IN SUPPLY CHAIN MANAGEMENT

2020 ◽  
Vol 20 (4) ◽  
pp. 62-73
Author(s):  
Zhi Tao ◽  
Rebecca Abraham ◽  
Ravi Chinta ◽  
Thomas Harrington
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Lead Time ◽  
Distribution Free ◽  
Chain Management ◽  
Lead Time Reduction ◽  
Free Model ◽  
Time Reduction ◽  
Reduction Effect

scholarly journals Impact of Information Technology on Internal Supply Chain Management Implementation of RFID Tags

2020 ◽  
Vol 5 (2) ◽  
Author(s):  
Shaharyar Khan ◽  
Asim M. ◽  
Manzoor S.
Keyword(s):  
Information Technology ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Customer Service ◽  
Data Transfer ◽  
Rfid Tags ◽  
Chain Management ◽  
The Future ◽  
Data Capturing ◽  
The Cost

This research is related to the effects produced by Information technology on the Internal Supply Chain Management of the companies. It tells how the organization works through IT. RFID tags within the organization are associated with multiple advantages especially it is beneficial for managing the supply chain. The cost efficiencies & cost-effectiveness are promoted by multiple elements. RFID is a path towards the future. The future wants everything which is not only flexible and innovative but also the least expensive in order to give the best customer service. It is represented by the study that through RFID tags the major benefit attain is that data transfer is easy. Furthermore, it has better data capturing quality.

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