Investigating the value of reducing errors in inventory information from a supply chain perspective
Küçük Resim Yok
Tarih
2015
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Emerald Group Publishing Limited
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
Purpose - The purpose of this paper is to investigate the value of reducing errors in inventory information from a supply chain perspective. To this end, the benefits of reducing errors in inventory information are compared with those of lead time reduction and supply chain collaboration. Design/methodology/approach -A simulation model is constructed to perform the analysis. Findings - Results show that lead time reduction is the most important strategy for a supply chain in reducing total supply chain cost. In terms of customer service level, on the other hand, strategy of reducing errors in inventory information is observed as the most considerable strategy. However, the results for supply chain collaboration are somewhat unexpected. Namely, in spite of its popularity, supply chain collaboration provides very limited contribution to the supply chain. Practical implications - This research provides useful knowledge for the managers of a business enterprise in prioritizing various supply chain strategies. Originality/value - In supply chain management literature, greater emphasis is given to lead time reduction and supply chain collaboration than dealing with errors in inventory information. This research makes it clear that errors in inventory information should not be underestimated.
Açıklama
Anahtar Kelimeler
Operational research, Simulation
Kaynak
Kybernetes
WoS Q Değeri
Q4
Scopus Q Değeri
Q2
Cilt
44
Sayı
2
