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- W2333076273 abstract "Inventory replenishment rules have been recognized as a major cause of the bullwhip effect and inventory instability in multi-echelon supply chains. There is a trade-off between bullwhip effect and inventory stability where mitigating the bullwhip effect through order smoothing might increase inventory instability. Therefore, there is a substantial need for inventory control policies that can cope with supply chains dynamics. This paper attempts to formulate an inventory control system based on a statistical control chart approach to handle the trade-off between order variability amplification and inventory stability. The proposed replenishment system, namely IR-SPC, incorporates individual control charts to control both the inventory position and the placed orders. A simulation study has been conducted to evaluate and compare the IR-SPC with a generalized order-up-to that has order smoothing mechanism. The comparisons showed that the IR-SPC outperforms both the smoothing order-up-to policy and the Min-Max inventory policy in terms of bullwhip effect and inventory performances. (Received in June 2013, accepted in January 2014. This paper was with the authors 1 month for 2 revisions.)" @default.
- W2333076273 created "2016-06-24" @default.
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- W2333076273 date "2014-09-15" @default.
- W2333076273 modified "2023-10-16" @default.
- W2333076273 title "Inventory Control System Based on Control Charts to Improve Supply Chain Performances" @default.
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- W2333076273 doi "https://doi.org/10.2507/ijsimm13(3)1.263" @default.
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