COMPARISON OF BUFFER AND CONSIGNMENT STOCK IN THE CZECH REPUBLIC

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

COMPARISON OF BUFFER AND CONSIGNMENT STOCK IN THE CZECH REPUBLIC

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

COMPARISON OF BUFFER AND CONSIGNMENT STOCK IN THE CZECH REPUBLIC

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2018

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

The 12th International Days of Statistics and Economics : conference proceedings

ISBN

978-80-87990-14-8

ISSN

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e-ISSN

neuvedeno

Počet stran výsledku

10

Strana od-do

1912-1921

Název nakladatele

Melandrium

Místo vydání

Slaný

Místo konání akce

Praha

Datum konání akce

6. 9. 2018

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000455809400190