Research on Multilevel Inventory Control of FMCG Industry Based on System Dynamics

Bin Yang; Shu Qin Li; Chao Zhang

doi:10.4028/www.scientific.net/AMM.157-158.1212

Paper Titles

Edge Tracing of T-Shirt by Robot for Spreading Purposes
p.1190

Innovative Wavy Bolts and their Supporting Mechanism for Burst Prone Rock Masses
p.1195

Structure Design and Stress Analysis of Hollow Sucker Rod Joints
p.1199

Nonlinear Response and Fatigue Life Prediction of Thin-Walled Structures under Thermo-Acoustic Loadings
p.1204

Research on Multilevel Inventory Control of FMCG Industry Based on System Dynamics
p.1212

Dynamics Analysis of an SEIQS Model with a Nonlinear Incidence Rate
p.1220

Research on the Energy Consumption Evaluation Model of Container Terminal Logistics System
p.1224

Decision-Making Model on Real Estate Investment
p.1230

Influence of the Tabor Parameter on the Roughness-Induced Adhesion Hysteresis
p.1233

HomeApplied Mechanics and MaterialsApplied Mechanics and Materials Vols. 157-158Research on Multilevel Inventory Control of FMCG...

Research on Multilevel Inventory Control of FMCG Industry Based on System Dynamics

Abstract:

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.

You might also be interested in these eBooks

View Preview

Info:

Periodical:

Applied Mechanics and Materials (Volumes 157-158)

Pages:

1212-1219

DOI:

https://doi.org/10.4028/www.scientific.net/AMM.157-158.1212

Citation:

Cite this paper

Online since:

February 2012

Authors:

Bin Yang, Shu Qin Li, Chao Zhang

Keywords:

FMCG, Inventory Control, Supply Chain, System Dynamics (SD)

Export:

RIS, BibTeX

Price:

Permissions CCC:

Request Permissions

Permissions PLS:

Request Permissions

Сopyright:

Citation:

References

[1] Coyle, R.G. System Dynamics Modeling: A Practical Approach, Chapman and Hall, London, 1996.

Google Scholar

[2] Forrester J.W. Industrial Dynamics: A Major Breakthrough for Decision Makers [J]. Harvard Business Review, 1958, 36(41: 37-66).

Google Scholar

[3] Sterman J.D. Modeling managerial behavior：misperceptions of feedback in a dynamic decision making experiment [J]. Management Science，1989，35 (3): 321-339.

DOI: 10.1287/mnsc.35.3.321

Google Scholar

[4] Aksogan A, Barlas Y. Product Diversification and Quick Response Order Strategies in Supply Chain Management [J]. Proceedings of the International System Dynamics Conference，Boston，USA，1996：51-54.

Google Scholar

[5] Xianhao Xu, Shihua Ma．Multilevel inventory control model of the supply chain Network structure model [J]. Journal of Huazhong University of Science and Technology, 1998, 7: 68-70.

Google Scholar

[6] Wenbin Cao, Jianmin He. Collaborative Forecasting Based Inventory Management in the Context of Electronic Commerce [J]. Chinese Journal of Management Science, 2000, (0l).

Google Scholar

[7] Guiping Shou. Research of Stock Control Based On System Dynamics Model [J]. Logistics technology，2003，6：17-19.

Google Scholar

[8] CHEN Hu, HAN Yuqi, WANG Bin. The Study of Inventory Management Based on System Dynamic [J]. Journal of Industrial Engineering/Engineering Management, 2005, 19 (3): 132-140.

Google Scholar

[9] LI Xu. A Study on System Dynamics of Inventory Policy for Two-stage Supply Chain System [J]. System s Engineering，2009，27 (5): 1-6.

Google Scholar