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Abstract
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Article Information:
Study on VMI Inventory Control Mode based on the Third-Party Logistics
Haoxiong Yang and Jindan Li
Corresponding Author: Haoxiong Yang
Submitted: January 29, 2013
Accepted: February 25, 2013
Published: February 05, 2014 |
Abstract:
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Adding the third party logistics enterprises between the suppliers and the retailers is a kind of the development of VMI mode, in this mode; inventory pressure is transferred to the third party logistics enterprise. In view of this situation, the VMI inventory control model which treats total inventory control costs as the objective function is built based on from four dimensions: the inventory holding costs, the fixed delivery costs, replenishment costs and customer waiting costs. After solving the model and sensitivity analyzing related parameters, it can be inferred that related parameters in the VMI model of the introduction of the third party logistics have effects on inventory control costs.
Key words: Inventory control, sensitivity analysis, third-party logistics, vendor managed inventory, , ,
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Abstract
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Cite this Reference:
Haoxiong Yang and Jindan Li, . Study on VMI Inventory Control Mode based on the Third-Party Logistics. Research Journal of Applied Sciences, Engineering and Technology, (5): 930-936.
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ISSN (Online): 2040-7467
ISSN (Print): 2040-7459 |
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