Inventory misplacement and demand forecast error in the supply chain: profitable RFID strategies under wholesale and buy-back contracts

Zhang, Li-Hao; Tian, Li; Fan, Tijun

doi:10.1080/00207543.2018.1463110

Cited by 18 publications

(7 citation statements)

References 27 publications

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“…Investigate RFID adoption strategies under wholesale price and buy-back contracts in a supply chain with one manufacturer and one retailer who faces inventory misplacement and demand forecast error [23] 22.…”

Section: Profitable Rfid Strategies Under Wholesale and Buyback Contr...mentioning

confidence: 99%

Deployment of RFID sensors in supply chain management – a review

Agarwal¹,

Ankolikar²

2022

J. mechatron., artif. intell., eng.

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Supply chain is a seamless network of activities and stakeholders involved in any business. It ensures a smooth flow of goods, products and services. In the modern global setting, supply chains have become more complex and inclusion of technology is providing great benefits. Robust technology is needed for identification, tracking and monitoring of the various goods and assets during the supply chain. One such emerging technology for this is RFID sensors. RFID is a popular wireless technology capable of collecting, storing and transmitting data and thus identifying, tracking and communicating. The two main components of RFID systems are tags and readers each of which perform a crucial and specific function. Tags are basically the memory, storing data received by the reader. Readers retrieve the data and transmit it to tags using an antenna. RFID technology has greatly replaced its counterpart and competitive technology- barcodes, in supply chains. It provides various benefits as compared to barcodes due to which it has got increased attention in various fields such as supply chains, healthcare, agriculture, food industry, manufacturing, libraries, security etc. Supply chain management deals with the flow of activities or processes included in any business, production activities. During this entire journey from raw material procurement to final dispatch a number of smaller supply chains are included each of which are critical. RFID technology has been largely deployed in supply chain management in order to identify, track and store information. These RFID systems enable real time monitoring of the supply chain and gives an upper-hand as compared to barcodes. RFID systems are not only used for storing and retrieving product data but also to monitor and track the flow of the entire supply chain. In the case of cold chains, RFID systems are used for maintaining the environment needed for ensuring quality of food products. Various such applications of these sensors in supply chains have been identified and deployed, However, still this technology remains to be dormant to some extent in supply chain industry. This review paper is aimed at doing a thorough literature review of RFID technology, its deployment in the supply chain domain, and challenges faced.

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Section: Profitable Rfid Strategies Under Wholesale and Buyback Contr...mentioning

confidence: 99%

Deployment of RFID sensors in supply chain management – a review

Agarwal¹,

Ankolikar²

2022

J. mechatron., artif. intell., eng.

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“…There is also a focus on specific SCs related to particular industries such as food, electronic equipment manufacturing with a focus on how RFID combined with other most advanced tools from IoT and BCT can improve profitability and the return on investment. A historiographical analysis (Aria and Cuccurullo, 2017) of direct citation in Figures 10a and b shows are three emerging trends: (1) SC performance improvement and inaccuracy mitigation using RFID (Bottani et al , 2017; Lei et al , 2018; Cui et al , 2017; Biswal et al , 2018; Zhang et al , 2018 ; Rao et al , 2019; Drakaki and Tzionas, 2019; Chen, 2020; Zhang and Wang, 2020); (2) Security and surveillance in SC (De Virgilio and Milicchio, 2016; Maleki et al , 2017; Sidorov et al , 2019); (3) BCT and its application in SC (Tian, 2016; Mondal et al , 2019; Sidorov et al , 2019; van Hoek, 2019; Hilt et al , 2018); (4) IOT in SC (Ben-Daya et al , 2019; Tian, 2017; Manavalan and Jayakrishna, 2019; Mondal et al , 2019; Zelbst et al , 2020; Yang et al , 2018; Podduturi et al , 2019); Food SC related to agriculture (Hilt et al , 2018; Juan and Shiling, 2017). Based on these insights, we have highlighted some potential research suggestions in Table 8.…”

Section: Emerging Trends and Implications Using Content Analysismentioning

confidence: 99%

A systematic literature review of RFID in supply chain management

Raza

2021

JEIM

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PurposeThe findings of this paper throw light on the focal research areas within RFID in the supply chain, which serves as an effective guideline for future research in this area. This research, therefore, contributes to filling the gap by carrying out an SLR of contemporary research studies in the area of RFID applications in supply chains. To date, SLR augmented with BA has not been used to study the developments in RFID applications in supply chains.Design/methodology/approachWe analyze 556 articles from years 2001 to date using Systematic Literature Review (SLR). Contemporary bibliometric analysis (BA) tools are utilized. First, an exploratory analysis is carried, out revealing influential authors, sources, regions, among other key aspects. Second, a co-citation work analysis is utilized to understand the conceptual structure of the literature, followed by a dynamic co-citation network to reveal the evolution of the field. This is followed by a multivariate analysis is performed on top-100 cited papers, and k-means clustering is carried out to find optimal groups and identify research themes. The influential themes are then pointed out using factor analysis.FindingsAn exploratory analysis is carried out using BA tools to provide insights into factors such as influential authors, production countries, top-cited papers and frequent keywords. Visualization of bibliographical data using co-citation network analysis and keyword co-occurrence analysis assisted in understanding the groups (communities) of research themes. We employed k-means clustering and factor analysis methods to further develop these insights. A historiographical direct citation analysis also unveils potential research directions. We observe that RFID applications in the supply chain are likely to benefit from the Internet of Things and blockchain Technology along with the other machine learning and visualization approaches.Originality/valueAlthough several researchers have researched RFID literature in relation to supply chains, these reviews are often conducted in the traditional manner where the author(s) select paper based on their area of expertise, interest and experience. Limitation of such reviews includes authors’ selection bias of studies to be included and limited or no use of advanced BA tools for analysis. This study fills this research gap by conducting an SLR of RFID in supply chains to identify important research trends in this field through the use of advanced BA tools.

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“…Recently, there is an increase remarkably in the number of companies that apply a buy-back contract into supply chain management. Some firms believed that buy-back contracts can improve overall SC coordination in the manufacturing sector [30][31][32][33][34][35] and retailing sector [36,37].…”

Section: Buy-back Contractmentioning

confidence: 99%

“…Gong [28] Supply chain Stochastic V Wang & Zipkin [30] Supply chain Constant V Hou et al [32] Supply chain Constant V Ding et al [33] EOQ Price-dependent demand V Tibrewala et al [34] Supply chain Stochastic V Zhang et al [35] Supply chain Stochastic V Dai et al [36] Supply chain [39] Supply chain Constant V V Sethi et al [40] Supply chain Stochastic V Wu [41] Supply chain Stochastic V Milner & Kouvelis [42] Supply chain Stochastic V Bag et al [43] EPQ Stochastic V Li et al [44] Supply chain Constant V Lian & Deshmukh [45] Supply chain…”

Section: Quantity-flexibility Contractmentioning

confidence: 99%

New Retailing Problem for an Integrated Food Supply Chain in the Baking Industry

Huang

Weng

et al. 2021

Applied Sciences

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As coronavirus disease 2019 (COVID-19) continues to spread, online consumption habits in China have changed significantly. Thus, the booming online-to-offline (O2O) food ordering and delivery industry via the online bakery have been changing customers’ food shopping behavior. This article proposes a comparison relying on advanced O2O strategy for a single-vendor-single-retailer integrated system. Three coordination mechanisms consist of revenue-sharing, buy-back, and quantity flexibility contracts have been employed for optimizing the order quantity. Replenishment strategies and temperature for the supply chain members are considered based on the new retailing framework. Herein, the authors suggest an algorithm for the computation of the optimal solution. Lastly, numerical examples and sensitivity analysis are also conducted to clarify the usefulness of the proposed model in the food supply chain. Sensitivity analysis revealed a number of managerial insights. For example, the results obtained under O2O operations can be compared with those obtained under online/offline operations (under various parameters settings) to determine an opportune moment for three coordination mechanisms.

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Inventory misplacement and demand forecast error in the supply chain: profitable RFID strategies under wholesale and buy-back contracts

Cited by 18 publications

References 27 publications

Deployment of RFID sensors in supply chain management – a review

Deployment of RFID sensors in supply chain management – a review

A systematic literature review of RFID in supply chain management

New Retailing Problem for an Integrated Food Supply Chain in the Baking Industry

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