Research on Multilevel Inventory Control of FMCG Industry Based on System Dynamics
| Periodical | Applied Mechanics and Materials (Volumes 157 - 158) |
|---|---|
| Main Theme | Mechatronics and Applied Mechanics |
| Edited by | Jing Guo |
| Pages | 1212-1219 |
| DOI | 10.4028/www.scientific.net/AMM.157-158.1212 |
| Citation | Bin Yang et al., 2012, Applied Mechanics and Materials, 157-158, 1212 |
| Online since | February, 2012 |
| Authors | Bin Yang, Shu Qin Li, Chao Zhang |
| Keywords | FMCG, Inventory Control, Supply Chain, System Dynamics (SD) |
| Price | US$ 28,- |
In this paper, the method of system dynamics is applied for the supply chain inventory management in FMCG industry. Based on the analysis of three-level supply chain inventory control loop, this paper establishes system dynamic models related profits and the service level of 2&3-level supply chain. After testing the validity of the model, the writer does some simulation through the system dynamics software Vensim.In addition, the model and simulation described in the paper are highly understandable and practicable, and thus have a very good prospect of application.