Two-Echelon Supply Chain Coordination with Vendor Managed Inventory
Coordination between buyer and supplier is an important way to lower supply chain cost and gain competitive advantage. This paper focuses on buyer-vendor coordination models within a vendor managed inventory setting, and sets up the coordination mechanism that allows supply chain to achieve the optimal overall performance and both parties in the supply chain to achieve profit sharing. Finally, simulation analysis is given.
Kai Cheng, Yongxian Liu, Xipeng Xu and Hualong Xie
J. Y. Ren et al., "Two-Echelon Supply Chain Coordination with Vendor Managed Inventory", Applied Mechanics and Materials, Vols. 16-19, pp. 1048-1052, 2009