Comparing improvement strategies for inventory inaccuracy in a two-echelon supply chain

• Published in: European journal of operational research Vol. 221; no. 1; pp. 213 - 221
• Main Authors: Xu, Jinpeng, Jiang, Wei, Feng, Gengzhong, Tian, Jun
• Format: Journal Article
• Language: English
• Published: Amsterdam Elsevier B.V 16.08.2012; Elsevier; Elsevier Sequoia S.A
• Subjects: Applied sciences; Error analysis; Errors; Exact sciences and technology; Game theory; Information quality; Information sharing; Inventories; Inventory; Inventory control, production control. Distribution; Inventory management; Inventory shrinkage; Logistics; Manufacturers; Mathematical programming; Operational research and scientific management; Operational research. Management science; Radio frequency identification; RFID; Shrinkage; Stackelberg game; Stockpiling; Strategy; Studies; Supply chain management; Supply chains; Inventory shrinkage; RFID; Supply chain management; Stackelberg game; Information quality; Information sharing; Profitability; Error estimation; Model following; Retail marketing; Newsboy problem; Shrinkage; Stackelberg strategy; Purchasing; Information communication; Manufacturing process; Inventory control; Supplier; Purchases; Firm; Logistics; Production process

► We analyze strategies for dealing with inventory errors in a supply chain. ► The joint effects of different types of inventory errors are studied. ► Information sharing may be more beneficial than RFID adoption in certain cases. Classical inventory theory often assumes no discrepancies between rec...