The aim of this paper is to explore some operative aspects of virtual safety stock management and specifically how the parameters of the traditional safety stock management model could be modified when the delivery due dates do no impose binding constraint on the production or the delivery pace. The presence of an extra-time for the delivery can be exploited to decrease the safety stock and/or to increase service level indeed. The analysis has been carried out in the most general case in which safety stock is kept in order to protect from both the variability of the demand and the variability of supplier delivery lead times.
Van de Velde, S.l., Schiraldi, M.m. (2002). Substituting stock with time: the effect of delivery spare time on safety stock. In Proceedings of the 7th European Logistic Association Doctorate Workshop(ELA 2002). European Logistic Association.
Substituting stock with time: the effect of delivery spare time on safety stock
SCHIRALDI, MASSIMILIANO MARIA
2002-06-01
Abstract
The aim of this paper is to explore some operative aspects of virtual safety stock management and specifically how the parameters of the traditional safety stock management model could be modified when the delivery due dates do no impose binding constraint on the production or the delivery pace. The presence of an extra-time for the delivery can be exploited to decrease the safety stock and/or to increase service level indeed. The analysis has been carried out in the most general case in which safety stock is kept in order to protect from both the variability of the demand and the variability of supplier delivery lead times.| File | Dimensione | Formato | |
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