Title :
Service and replenishment policy design based on improving-forward process in quick response
Author_Institution :
Sch. of Sci., Shandong Univ. of Technol., Zibo, China
Abstract :
Service and replenishment policy design based on a joint decision of cost sharing, and a method of improving-forward process is studied. Optimization of cycle service level and replenishment policy in improving-forward process is proposed for a cycle review policy of quick response. A service design in quick response for a continuous review policy is also proposed. Two replenishment policies for improving-forward service design in quick response are designed for both cycle review and continuous review policy. The conclusion is that, the quick response incurred by the improving-forward process, will increase service level and profit of the supply chain. The relatively higher and more stable service level based on improving-forward service design, achieves higher level of quick response, and product availability. Four managerial levers are also proposed to highlight the importance of improving-forward service design with forecast accuracy increasing in the real performance.
Keywords :
marketing; supply chain management; continuous review policy; cost sharing; cycle service level; improving-forward process; product availability; replenishment policy; service policy; supply chain; Availability; Cost function; Decision making; Demand forecasting; Distribution functions; Marketing and sales; Process design; Profitability; Random variables; Supply chains; Cycle service level; forecast accuracy; improvingforward process; quick response; service design;
Conference_Titel :
Service Operations, Logistics and Informatics, 2009. SOLI '09. IEEE/INFORMS International Conference on
Conference_Location :
Chicago, IL
Print_ISBN :
978-1-4244-3540-1
Electronic_ISBN :
978-1-4244-3541-8
DOI :
10.1109/SOLI.2009.5203992