Impact of Inventory Management Policies on Supply Chain Resilience at RiRiShun Logistics

Edward Meredith, Nikolaos Papakostas, Vincent Hargaden

2023

Abstract

Using one year’s transaction level data from a large logistics service provider, this paper employs discrete event simulation to assess various inventory policies for managing supply chain risks and developing resilience. Datasets from a large Chinese Business-To-Consumer firm (RiRiShun Logistics) specialising in the order fulfilment of household appliances were provided. Using the datasets, a discrete event simulation model of RiRiShun’s distribution supply chain in two customer regions was developed using anyLogistix™ simulation software. A series of experiments were carried out to analyse the impact of inventory management policies on the performance of its supply chain in the face of disruptions. Results showed that decentralised inventory performed better when dealing with disruptions, while centralised inventory performed better when dealing with demand uncertainty.

Paper Citation

in Harvard Style

Meredith E., Papakostas N. and Hargaden V. (2023). Impact of Inventory Management Policies on Supply Chain Resilience at RiRiShun Logistics. In Proceedings of the 13th International Conference on Simulation and Modeling Methodologies, Technologies and Applications - Volume 1: SIMULTECH; ISBN 978-989-758-668-2, SciTePress, pages 159-168. DOI: 10.5220/0012146800003546

in Bibtex Style

@conference{simultech23,
author={Edward Meredith and Nikolaos Papakostas and Vincent Hargaden},
title={Impact of Inventory Management Policies on Supply Chain Resilience at RiRiShun Logistics},
booktitle={Proceedings of the 13th International Conference on Simulation and Modeling Methodologies, Technologies and Applications - Volume 1: SIMULTECH},
year={2023},
pages={159-168},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0012146800003546},
isbn={978-989-758-668-2},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 13th International Conference on Simulation and Modeling Methodologies, Technologies and Applications - Volume 1: SIMULTECH
TI - Impact of Inventory Management Policies on Supply Chain Resilience at RiRiShun Logistics
SN - 978-989-758-668-2
AU - Meredith E.
AU - Papakostas N.
AU - Hargaden V.
PY - 2023
SP - 159
EP - 168
DO - 10.5220/0012146800003546
PB - SciTePress