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| Content Provider | IEEE Xplore Digital Library |
|---|---|
| Author | Feng Cheng Lee, Y.M. Hong Wei Ding Wei Wang Stephens, S. |
| Copyright Year | 2008 |
| Description | Author affiliation: IBM T.J. Watson Res. Center, Yorktown Heights, NY, USA (Feng Cheng; Lee, Y.M.) || IBM China Res. Lab., Beijing, China (Hong Wei Ding; Wei Wang) || IBM Integrated Supply Chain, Raleigh, NC, USA (Stephens, S.) |
| Abstract | We model supply chain of an industry solution equipment manufacturer, where the merchandise is sold worldwide, but suppliers are mostly located in Asia. The preferred shipment of supply is the ocean shipment, and it takes about 5 weeks. Premium air shipment can be used to expedite delivery, but it costs substantially higher. To hedge against variability of demand and to satisfy customer service level, a certain level of safety stock is needed but inventory carrying cost can be high. Therefore, a careful fulfillment strategy is very important to balance serviceability and cost. A supply chain simulation model is developed to analyze the order fulfillment and supply planning process for the business to identify efficient supply chain strategy. The model simulates and evaluates three key performance metrics; serviceability, inventory costs and premium transportation costs, and their interactions. |
| Starting Page | 2609 |
| Ending Page | 2615 |
| File Size | 651064 |
| Page Count | 7 |
| File Format | |
| ISBN | 9781424427079 |
| DOI | 10.1109/WSC.2008.4736375 |
| Language | English |
| Publisher | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Publisher Date | 2008-12-07 |
| Publisher Place | USA |
| Access Restriction | Subscribed |
| Rights Holder | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Subject Keyword | Costs Supply chains Manufacturing industries Virtual manufacturing Merchandise Asia Oceans Customer service Safety Analytical models |
| Content Type | Text |
| Resource Type | Article |
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