COMPARISON OF BUFFER AND CONSIGNMENT STOCK IN THE CZECH REPUBLIC
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F18%3A39914228" target="_blank" >RIV/00216275:25410/18:39914228 - isvavai.cz</a>
Result on the web
<a href="https://msed.vse.cz/msed_2018/sbornik/toc.html" target="_blank" >https://msed.vse.cz/msed_2018/sbornik/toc.html</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
COMPARISON OF BUFFER AND CONSIGNMENT STOCK IN THE CZECH REPUBLIC
Original language description
Today’s turbulent and highly competitive business environment forces supply chain managers to ensure sufficient inventory level while keeping inventory-related costs as low as possible. Therefore, enormously important aspect of effective inventory management is placing the right amount of safety stock at the right places (for example at a supplier, consignment stock, safety stock) in the supply chain for costs as low as possible. Managing inventory is considered as one of the most challenging tasks facing supply chain managers and specialist due to the fact, that decisions related to inventory locations, level of inventory kept throughout the supply chain have a fundamental impact on the response time, service level, delivery lead-time and the total cost of the supply chain. The concept of Consignment Stock is crucial for helping manage inventories in which the supplier keeps the inventory and maintains a stock of material in the buyer´s possession. Nowadays it also becomes an important strategy, which companies adopt in order to face manufacturing and supply chain management challenges. The main objective of this paper is to explain possible reasons of Consignment stock concept preferences in comparison to the Buffer stock concept. The analysis is based on both quantitative and qualitative survey.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
The 12th International Days of Statistics and Economics : conference proceedings
ISBN
978-80-87990-14-8
ISSN
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e-ISSN
neuvedeno
Number of pages
10
Pages from-to
1912-1921
Publisher name
Melandrium
Place of publication
Slaný
Event location
Praha
Event date
Sep 6, 2018
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000455809400190