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|Title:||Performance assessment/enhancement methodology for supply chains|
|Authors:||Raj, T.S. |
|Citation:||Raj, T.S., Lakshminarayanan, S. (2008-02-06). Performance assessment/enhancement methodology for supply chains. Industrial and Engineering Chemistry Research 47 (3) : 748-759. ScholarBank@NUS Repository.|
|Abstract:||A well-coordinated supply chain is characterized by a harmonious balance between inbound logistics, production scheduling and product distribution. In multi-echelon decentralized supply chains, distribution logistics play a leading part in helping a supply chain gain advantage over competitors. Besides the uncertain consumer demand, the nonoptimal internal strategy practiced by the distribution nodes is a major problem that a supply chain must contend with. The performance of a supply-chain network that is controlled in a decentralized manner can be improved by reorganizing the operational aspects of the problematic nodes in the network. Our work is focused on (i) using time series obtained from an existing supply chain to determine the bottlenecks (poorly performing nodes) and (ii) suggesting performance improvement measures, such as retuning the reordering parameters or even changing the ordering policy itself. Simulation-based optimization of the supply-chain network model is used to achieve these objectives and compute benchmark performance standards. The concepts presented are complemented by realistic simulation examples. © 2008 American Chemical Society.|
|Source Title:||Industrial and Engineering Chemistry Research|
|Appears in Collections:||Staff Publications|
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