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Generalized Single Manufacturer and Multiple Retailers Supply Chain Model in JIT Purchasing  

Kim, Dae-Hong (Department of Industrial and Management Engineering, Hansung University)
Publication Information
Journal of Korean Society of Industrial and Systems Engineering / v.34, no.4, 2011 , pp. 25-34 More about this Journal
Abstract
In this paper, we investigate an inventory system where a single manufacturer purchases and processes raw materials in order to deliver finished goods to multiple retailers. Earlier study in this type of supply chain only consider a single raw material in order to produce finished goods, but we consider multi-raw materials in order to produce finished goods. Also, we develop an iterative solution procedure to find the order quantity for the finished goods and raw materials, and the number of shipments between manufacturer and retailers that minimizes the total cost per unit time of the raw materials ordering and holding, manufacture's setup and finished goods holding, the retailer's ordering and inventory holding. Numerical examples are presented to illustrate that jointly considering the total cost results in less total cost than that of considering them separately.
Keywords
Supply Chain Management; Integrated Inventory Control;
Citations & Related Records
Times Cited By KSCI : 2  (Citation Analysis)
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