Integated continuous replenishment planning in VMI system of retail industry

摘要

In order to let suppliers monitor customers' inventory levels and make supply decisions regarding order quantities and delivery time, an integrated continuous replenishment planning (CRP) strategy of fresh food oriented to retail industry is presented, which integrates the consolidation of shipment and inventory replenishment considering the deterioration of items to guarantee the quality safety of fresh food during the replenishment cycle. A vendor managed inventory (VMI) mathematical model to compute upper-level inventory and delivery cycle is built. Based on the real-time sales data exchange, it enables suppliers to make the decision of the optimal time and the quantities of replenishment for retailers during a delivery cycle, in order to replenish the consumers' stock initiatively and minimize the long-run average cost.