Innovative Quick Response Programs: A Review

Choi, Tsan-Ming; Sethi, Suresh P.

doi:10.2139/ssrn.1545735

Cited by 93 publications

(50 citation statements)

References 129 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Other related research on QR and/or information updating in supply chain operations management includes many studies (Fisher and Raman, 1996;Fisher et al, 2001;Gallego and Ozer, 2001;Kim, 2003;McCardle et al, 2004;Tang et al, 2004;Sethi et al, 2005;Chen et al, 2006;Shaltayev and Sox, 2010;Chow et al, 2012;Choi, 2013;Liu and Nagurney, 2013;Yang et al, 2015). For more details about the related literature on QR supply chain management, refer to the review paper by Choi and Sethi (2010). Note that similar to many reviewed studies above, such as Iyer and Bergen (1997) and Chow et al (2012), this paper also uses the normal Bayesian conjugate pair model for conducting the analysis.…”

Section: Introductionmentioning

confidence: 90%

Quick response in fashion supply chains with retailers having boundedly rational managers

Choi

2016

Int Trans Operational Res

Self Cite

View full text Add to dashboard Cite

In fashion retailing, inventory decisions are usually made by a human manager who is not necessarily perfectly rational. In this situation, the inventory decisions made may not always be optimal. At the same time, with advances in technology, fashion retailers have access to the latest market information and can implement the quick response (QR) system that is very helpful to systematically deal with market disruptions. In this paper, we explore the value of QR with the consideration of a boundedly rational human manager in the fashion retailing company. We show that for both cases, with and without QR, the human retail manager's level of bounded rationality significantly hurts the expected profits of the retailer and supply chain, but it does not hurt the manufacturer's expected profit. In addition, for both cases, with and without QR, we indicate how a minimum ordering quantity (MOQ) measure can be imposed by the manufacturer on the retailer, so that the manufacturer can benefit (in terms of expected profit) from the retailer's bounded rationality behavior. We further prove that if the manufacturer sets the MOQ to be the same as the retailer's theoretical optimal ordering quantity, the manufacturer will enjoy a higher profit with 50% chance, if the retailer is boundedly rational.

show abstract

Section: Introductionmentioning

confidence: 90%

Quick response in fashion supply chains with retailers having boundedly rational managers

Choi

2016

Int Trans Operational Res

Self Cite

View full text Add to dashboard Cite

show abstract

“…Garment industry confronts a major issue of very high lead time despite of its short life cycle and volatile demand (Choi and Sethi, 2010). Buying cycle for the garment products start generally in a year advance and the garment companies place and process their manufacturing orders for the garment products from 6 months to one year ahead of the coming seasons when the product is actually required and will be available in the stores for the sales (Al-Zubaidi and Tyler, 2004;Birtwistle et al 2006).…”

Section: Lead Timementioning

confidence: 99%

“…One more practice which is widely practiced in European and American garment companies but is still about to find its way in Indian context is Quick Response (QR) (Christopher et al 2004); will be proved revolutionary for the Indian companies and will solve many problems. QR focuses on the importance of POS data in order to make the supply chain demand driven and uses the practices such as CPFR and VMI (Choi and Sethi, 2010), which improves the collaborative practices among the supply chain partners, as well as maintains the flow of inventory while keeping the inventory level to the minimal and reducing the lead time.…”

Section: Improvements Required In the Existing Supply Chain Structurementioning

confidence: 99%

“…Using RFID technology widely will also be helpful for the Indian garment companies in order to maintain the real time tracing and visibility of the garment products, which is also termed as essential in QR by Choi and Sethi, 2010. RFID is effective everywhere in supply chain which detects errors in manufacturing, in warehousing starting from reception area to the storage area through cross docking till the outgoing area, and at the sales floor.…”

Section: Improvements Required In the Existing Supply Chain Structurementioning

confidence: 99%

See 1 more Smart Citation

Dynamics of Garment Supply Chain

Giri¹,

Shankar²

2013

IJMVSC

View full text Add to dashboard Cite

show abstract

“…Since the literature is extensive, we review here a few representative works only. For a more detailed review, see e.g., Choi and Sethi (2010), and Cheng and Choi (2010). The papers in this area contain multi-period production or ordering problems in which demand forecast is revised in each period.…”

Section: Literature Reviewmentioning

confidence: 99%

Multi-item quick response system with budget constraint

Serel

2012

International Journal of Production Economics

View full text Add to dashboard Cite

a b s t r a c tQuick response mechanisms based on effective use of up-to-date demand information help retailers to reduce their inventory management costs. We formulate a single-period inventory model for multiple products with dependent (multivariate normal) demand distributions and a given overall procurement budget. After placing orders based on an initial demand forecast, new market information is gathered and demand forecast is updated. Using this more accurate second forecast, the retailer decides the total stocking level for the selling season. The second order is based on an improved demand forecast, but it also involves a higher unit supply cost. To determine the optimal ordering policy, we use a computational procedure that entails solving capacitated multi-item newsboy problems embedded within a dynamic programming model. Various numerical examples illustrate the effects of demand variability and financial constraint on the optimal policy. It is found that existence of a budget constraint may lead to an increase in the initial order size. It is also observed that as the budget available decreases, the products with more predictable demand make up a larger share of the procurement expenditure.

show abstract

Innovative Quick Response Programs: A Review

Cited by 93 publications

References 129 publications

Quick response in fashion supply chains with retailers having boundedly rational managers

Quick response in fashion supply chains with retailers having boundedly rational managers

Dynamics of Garment Supply Chain

Multi-item quick response system with budget constraint

Contact Info

Product

Resources

About