DocumentCode
3241983
Title
The research of procurement strategies for the Chinese herbal medicine enterprise
Author
Hu, Xiao ; Ding, Wen-ying
Author_Institution
Sch. of Mech. Eng., Univ. of Sci. & Technol. Beijing, Beijing, China
fYear
2010
fDate
29-31 Oct. 2010
Firstpage
1443
Lastpage
1447
Abstract
This article is concerned about the problem of material procurement which exists in many Chinese herbal medicine enterprises. Based on the characteristics of some Chinese enterprises, a model of purchasing raw materials with the aim to have the lowest cost is established for an enterprise and it is solved by using LINGO. The computational results show the model can be used for the enterprise to make certain period of the procurement plan.
Keywords
medicine; pharmaceutical industry; procurement; purchasing; raw materials; strategic planning; Chinese herbal medicine enterprise; material procurement; procurement plan; procurement strategy; raw material purchasing model; Logistics; Chinese herbal medicine enterprise; low cost; procurement; supply chain;
fLanguage
English
Publisher
ieee
Conference_Titel
Industrial Engineering and Engineering Management (IE&EM), 2010 IEEE 17Th International Conference on
Conference_Location
Xiamen
Print_ISBN
978-1-4244-6483-8
Type
conf
DOI
10.1109/ICIEEM.2010.5646021
Filename
5646021
Link To Document