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Languages : en
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Book Description
We examine the behavior of a manufacturer and a retailer in decentralized supply chains under price-dependent demand. We investigate the use of several price-commitment policies as coordination mechanisms. The first policy we examine is a retailer's fixed markup (RFM) policy where the retailer commits to a fixed price markup over wholesale price to determine her retail price. The second is a price protection policy where the manufacturer agrees to reimburse the retailer for decreases in the wholesale price. In our first paper we examine the effect of RFM on individual agents' profits and supply chain performance under single period, stochastic demand. Our focus here is on exogenously determined markup values and linear additive demand forms. We prove the existence of optimal pricing and replenishment policies. We also find that RFM can result in significantly greater profit for the supply chain than the price-only contract and leads to Pareto-improving solutions. The second paper extends our analysis by examining the RFM policy under both multiplicative and linear additive demand forms. We obtain closed-form solutions for both RFM and price-only policies and analytically prove that Pareto-improving solutions are not possible under iso-price-elastic, multiplicative demand. We also consider the effect of pricing power in the supply chain by varying who determines the retail price markup. Our results reveal that the effect of retailer ex-ante markup commitment is heavily dependent on both the nature of the demand function and the relative pricing power of different players in the supply chain. The final paper in this dissertation investigates a multi-period, deterministic demand setting. We compare price commitments made by both the retailer and the supplier. RFM represents the retailer's price commitment and price protection is a form of manufacturer price commitment. We prove the existence of unique, optimal pricing and ordering solutions for all policies considered. We also demonstrate that the retailer may carry inventory under both price-only and RFM settings even though demand is deterministic and no economies of scale are considered. Price protection is shown to resolve the gaming that leads to inventory, but at the expense of channel performance.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
We examine the behavior of a manufacturer and a retailer in decentralized supply chains under price-dependent demand. We investigate the use of several price-commitment policies as coordination mechanisms. The first policy we examine is a retailer's fixed markup (RFM) policy where the retailer commits to a fixed price markup over wholesale price to determine her retail price. The second is a price protection policy where the manufacturer agrees to reimburse the retailer for decreases in the wholesale price. In our first paper we examine the effect of RFM on individual agents' profits and supply chain performance under single period, stochastic demand. Our focus here is on exogenously determined markup values and linear additive demand forms. We prove the existence of optimal pricing and replenishment policies. We also find that RFM can result in significantly greater profit for the supply chain than the price-only contract and leads to Pareto-improving solutions. The second paper extends our analysis by examining the RFM policy under both multiplicative and linear additive demand forms. We obtain closed-form solutions for both RFM and price-only policies and analytically prove that Pareto-improving solutions are not possible under iso-price-elastic, multiplicative demand. We also consider the effect of pricing power in the supply chain by varying who determines the retail price markup. Our results reveal that the effect of retailer ex-ante markup commitment is heavily dependent on both the nature of the demand function and the relative pricing power of different players in the supply chain. The final paper in this dissertation investigates a multi-period, deterministic demand setting. We compare price commitments made by both the retailer and the supplier. RFM represents the retailer's price commitment and price protection is a form of manufacturer price commitment. We prove the existence of unique, optimal pricing and ordering solutions for all policies considered. We also demonstrate that the retailer may carry inventory under both price-only and RFM settings even though demand is deterministic and no economies of scale are considered. Price protection is shown to resolve the gaming that leads to inventory, but at the expense of channel performance.
Author: Rosanna Fornasiero
Publisher: Springer Nature
ISBN: 3030635058
Category : Technology & Engineering
Languages : en
Pages : 298
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Book Description
This open access book explores supply chains strategies to help companies face challenges such as societal emergency, digitalization, climate changes and scarcity of resources. The book identifies industrial scenarios for the next decade based on the analysis of trends at social, economic, environmental technological and political level, and examines how they may impact on supply chain processes and how to design next generation supply chains to answer these challenges. By mapping enabling technologies for supply chain innovation, the book proposes a roadmap for the full implementation of the supply chain strategies based on the integration of production and logistics processes. Case studies from process industry, discrete manufacturing, distribution and logistics, as well as ICT providers are provided, and policy recommendations are put forward to support companies in this transformative process.
Author: David F. Ross
Publisher: Springer Science & Business Media
ISBN: 1475748167
Category : Business & Economics
Languages : en
Pages : 379
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Book Description
SCM is one of the hottest topics in manufacturing and distribution, and like JIT and TQC it requires a corporate commitment. This book provides both fundamental principles of SCM as well as a set of guidelines to assist in practical application of SCM. It will be one of the first books on the market that deals exclusively with SCM and its application. Readers in the academic, management sciences, sales, marketing and government environments will find this book of particular interest.
Author: National Research Council
Publisher: National Academies Press
ISBN: 0309173418
Category : Technology & Engineering
Languages : en
Pages : 162
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Book Description
The managed flow of goods and information from raw material to final sale also known as a "supply chain" affects everythingâ€"from the U.S. gross domestic product to where you can buy your jeans. The nature of a company's supply chain has a significant effect on its success or failureâ€"as in the success of Dell Computer's make-to-order system and the failure of General Motor's vertical integration during the 1998 United Auto Workers strike. Supply Chain Integration looks at this crucial component of business at a time when product design, manufacture, and delivery are changing radically and globally. This book explores the benefits of continuously improving the relationship between the firm, its suppliers, and its customers to ensure the highest added value. This book identifies the state-of-the-art developments that contribute to the success of vertical tiers of suppliers and relates these developments to the capabilities that small and medium-sized manufacturers must have to be viable participants in this system. Strategies for attaining these capabilities through manufacturing extension centers and other technical assistance providers at the national, state, and local level are suggested. This book identifies action steps for small and medium-sized manufacturersâ€"the "seed corn" of business start-up and developmentâ€"to improve supply chain management. The book examines supply chain models from consultant firms, universities, manufacturers, and associations. Topics include the roles of suppliers and other supply chain participants, the rise of outsourcing, the importance of information management, the natural tension between buyer and seller, sources of assistance to small and medium-sized firms, and a host of other issues. Supply Chain Integration will be of interest to industry policymakers, economists, researchers, business leaders, and forward-thinking executives.
Author: Sridhar Tayur
Publisher: Springer Science & Business Media
ISBN: 1461549493
Category : Business & Economics
Languages : en
Pages : 851
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Book Description
Quantitative models and computer-based tools are essential for making decisions in today's business environment. These tools are of particular importance in the rapidly growing area of supply chain management. This volume is a unified effort to provide a systematic summary of the large variety of new issues being considered, the new set of models being developed, the new techniques for analysis, and the computational methods that have become available recently. The volume's objective is to provide a self-contained, sophisticated research summary - a snapshot at this point of time - in the area of Quantitative Models for Supply Chain Management. While there are some multi-disciplinary aspects of supply chain management not covered here, the Editors and their contributors have captured many important developments in this rapidly expanding field. The 26 chapters can be divided into six categories. Basic Concepts and Technical Material (Chapters 1-6). The chapters in this category focus on introducing basic concepts, providing mathematical background and validating algorithmic tools to solve operational problems in supply chains. Supply Contracts (Chapters 7-10). In this category, the primary focus is on design and evaluation of supply contracts between independent agents in the supply chain. Value of Information (Chapters 11-13). The chapters in this category explicitly model the effect of information on decision-making and on supply chain performance. Managing Product Variety (Chapters 16-19). The chapters in this category analyze the effects of product variety and the different strategies to manage it. International Operations (Chapters 20-22). The three chapters in this category provide an overview of research in the emerging area of International Operations. Conceptual Issues and New Challenges (Chapters 23-27). These chapters outline a variety of frameworks that can be explored and used in future research efforts. This volume can serve as a graduate text, as a reference for researchers and as a guide for further development of this field.
Author: Peter Bolstorff
Publisher: AMACOM/American Management Association
ISBN: 081441771X
Category : Business & Economics
Languages : en
Pages : 305
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Book Description
In this latest edition of Supply Chain Excellence, the authors provide tools for measuring financial gains linked to value chain optimisation. (Business Digest, March 2012). To keep your sales, manufacturing, distribution, and inventory moving in perfect synchronization, you need a flawless, repeatable supply chain improvement approach that maximizes process efficiency, eliminates dysfunction, and aligns disparate organizations-globally.
Author: Ling Li
Publisher: World Scientific
ISBN: 9812700722
Category : Business & Economics
Languages : en
Pages : 372
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Book Description
Integrates the theory and practices of supply chain management. This book focuses on how to build a competitive supply chain using viable management strategies, operational models, decision-making techniques, and information technology. It also includes initiatives such as e-commerce, collaborative planning, forecasting, and replenishment (CPFR).
Author: Ling Li
Publisher: World Scientific Publishing Company
ISBN: 9814602442
Category : Business & Economics
Languages : en
Pages : 432
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Book Description
Managing Supply Chain and Logistics: Competitive Strategy for a Sustainable Future explores practical ways of investing in a sustainable future through real-world cases which demonstrate various supply chain management strategies and tactics. By applying viable value creation strategies, operational models, decision-making techniques, and information technology, the author provides in-depth analyses of new initiatives such as collaborative planning, forecasting, and replenishment (CPFR); demonstrates competitive approaches to managing flows of material, information and fund in supply chain; and illustrates creative methods to apply data science and business intelligence. This book also promotes cross-functional decision-making, problem solving skills and offers a feasible approach to managing a volatile business. Readers will find this book a valuable resource to solve supply chain management practical problems with a sustainable future in mind.
Author: Marc J. Schniederjans
Publisher: FT Press
ISBN: 0132963906
Category : Business & Economics
Languages : en
Pages : 660
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Book Description
Optimize supply chains throughout their entire lifecycle: creation, growth, maturity, and decline! Reflecting up-to-the-minute "in-the-trenches" experience and pioneering research, this book illuminates the complex transformational processes associated with managing complex supply chains that incorporate multiple products and services within ever-changing networks. Marc J. Schniederjans and Stephen B. Legrand walk you through: starting, creating, and building new supply chains; then, realigning those supply chains for growth, adjusting to dynamic change, readjusting networks, building flexibility, and managing new supply chain risks. Next, they offer practical, realistic guidance for realigning "mature" supply chains, innovating, controlling costs; and smoothly managing declining demand. Throughout, they offer invaluable insights and tools for negotiating, measuring performance, anticipating change, improving agility and flexibility, meeting commitments to social responsibility and the law; and much more. Based on the authors' up-to-the minute supply chain experience and pioneering academic research, Reinventing the Supply Chain Life Cycle contains many real-world examples and interviews with executives from some of the world’s top organizations. It integrates content related to key certifications and offers valuable material that can be incorporated directly into existing supply chain practices, procedures, and policies.
Author: Kamath, Narasimha
Publisher: IGI Global
ISBN: 1466698950
Category : Business & Economics
Languages : en
Pages : 460
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Book Description
Customer satisfaction is a pivotal component to any business that provides goods or services to the public. By effectively managing the flow of products, business can adapt to the growing demands of consumers and deliver successful customer service. The Handbook of Research on Strategic Supply Chain Management in the Retail Industry is an authoritative reference source for the latest scholarly research on properly managing business processes in order to satisfy end-user requirements and increase competitive advantage in the retail marketplace. Highlighting concepts relating to field applications, customer relationships, and current trends in logistics management, this book is ideally designed for business professionals, managers, upper-level students, and researchers interested in innovative strategies and best practices in modern supply chains.
