Volume 51, Number 3, July-September 2017
|Page(s)||763 - 778|
|Published online||10 August 2017|
Inventory management models in cluster supply chains based on system dynamics
School of Economics and Commerce, South China University of Technology, Guangzhou 510006, P.R. China.
Received: 21 December 2015
Accepted: 28 August 2016
This study introduces the methods of supply chain inventory management into the cluster supply chains and proposes the implementation of supply chain inventory management strategies under this circumstance. First, we analyze the system behavior patterns of the co-operation planning, forecasting and replenishment (CPFR), vendor-managed inventory (VMI), and jointly managed inventory (JMI) models of cluster supply chains. Therefore, we establish the inventory management models of CPFR, VMI and JMI in cluster supply chains. These models are simulated by VENSIM software. The simulation results show that compared with those in the VMI and JMI models, the inventory fluctuations of manufacturers, wholesalers and retailers in the CPFR model correspond; the total inventory is reduced while its stability is greatly improved. Therefore, the application of CPFR in cluster supply chains can effectively restrain the bullwhip effect, reduce the inventory and improve the efficiency of the entire supply chain.
Mathematics Subject Classification: 90B05
Key words: Inventory management / cluster supply chains / system dynamics / CPFR / VMI
© EDP Sciences, ROADEF, SMAI 2017
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