Research on one-to-many supply chain with inventory inaccuracy based on RFID technology

DOI

10.2991/icimm-15.2015.184How to use a DOI?

Keywords

RFID technology; inventory inaccuracy; buyback contract; supply chain

Abstract

Inventory inaccuracy is common in the modern supply chain and it attracts much attention from many researchers. This paper considers a supply chain with inventory shrinkage and misplacement, and the supply chain consists of a single supplier and multiple retailers who are engaged in both price and inventory competition. The buyback contract is attached to coordinate the supply chain, as well as radio frequency identify (RFID) technology is attached to solve the inventory inaccuracy problem. In the first scenario, the supplier only uses the buyback contract to optimize operations by taking into account the inventory inaccuracy that faced by retailers. In the second scenario, the supplier improve operations by adopting RFID technology. Finally, this paper uses numerical example to analyze the difference before and after applying RFID. The consequences extend the study of inventory inaccuracy and highlight the conditions to adopt RFID, which can give helpful insights to supply chain managers.

Copyright

© 2015, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Quansheng Lei
AU  - Xinyi Jiang
PY  - 2015/07
DA  - 2015/07
TI  - Research on one-to-many supply chain with inventory inaccuracy based on RFID technology
BT  - Proceedings of the 5th International Conference on Information Engineering for Mechanics and Materials
PB  - Atlantis Press
SP  - 1013
EP  - 1018
SN  - 2352-5401
UR  - https://doi.org/10.2991/icimm-15.2015.184
DO  - 10.2991/icimm-15.2015.184
ID  - Lei2015/07
ER  -