Modern Supply Chain Research and Applications最新文献

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Modeling the enablers of blockchain technology implementation for information management in healthcare supply chains 为医疗保健供应链中的信息管理建立区块链技术实施推动因素模型
Modern Supply Chain Research and Applications Pub Date : 2024-02-06 DOI: 10.1108/mscra-06-2023-0028
Matthew Quayson, Eric Kofi Avornu, A. Bediako
{"title":"Modeling the enablers of blockchain technology implementation for information management in healthcare supply chains","authors":"Matthew Quayson, Eric Kofi Avornu, A. Bediako","doi":"10.1108/mscra-06-2023-0028","DOIUrl":"https://doi.org/10.1108/mscra-06-2023-0028","url":null,"abstract":"PurposeBlockchain technology enhances information management in healthcare supply chains by securing healthcare information and providing medical resource traceability. However, there is no decision framework to support blockchain implementation for managing information, especially in emerging economies’ healthcare supply chains. This paper develops a hierarchical decision model for implementing blockchain technology for information management in emerging economies’ healthcare supply chains.Design/methodology/approachThis study uses 20 health supply chain experts in Ghana to rank 17 decision criteria for implementing blockchain for healthcare information management using the best-worst method (BWM) multi-criteria decision technique.FindingsThe results show that “security” and “privacy,” “infrastructural facility” and “presence of training facilities” are the top three critical factors impacting blockchain adoption in the health supply chain for healthcare information management. Other sub-factors are prioritized.Practical implicationsTo implement blockchain effectively to enhance information management in the healthcare supply chain, health institutions, blockchain technology providers and state authorities should concentrate on the highly critical factors extracted from the study.Originality/valueThis is the first study that develops a hierarchical decision model for implementing blockchain technology in emerging economies' health supply chains.","PeriodicalId":18614,"journal":{"name":"Modern Supply Chain Research and Applications","volume":"119 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139799884","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Modeling the enablers of blockchain technology implementation for information management in healthcare supply chains 为医疗保健供应链中的信息管理建立区块链技术实施推动因素模型
Modern Supply Chain Research and Applications Pub Date : 2024-02-06 DOI: 10.1108/mscra-06-2023-0028
Matthew Quayson, Eric Kofi Avornu, A. Bediako
{"title":"Modeling the enablers of blockchain technology implementation for information management in healthcare supply chains","authors":"Matthew Quayson, Eric Kofi Avornu, A. Bediako","doi":"10.1108/mscra-06-2023-0028","DOIUrl":"https://doi.org/10.1108/mscra-06-2023-0028","url":null,"abstract":"PurposeBlockchain technology enhances information management in healthcare supply chains by securing healthcare information and providing medical resource traceability. However, there is no decision framework to support blockchain implementation for managing information, especially in emerging economies’ healthcare supply chains. This paper develops a hierarchical decision model for implementing blockchain technology for information management in emerging economies’ healthcare supply chains.Design/methodology/approachThis study uses 20 health supply chain experts in Ghana to rank 17 decision criteria for implementing blockchain for healthcare information management using the best-worst method (BWM) multi-criteria decision technique.FindingsThe results show that “security” and “privacy,” “infrastructural facility” and “presence of training facilities” are the top three critical factors impacting blockchain adoption in the health supply chain for healthcare information management. Other sub-factors are prioritized.Practical implicationsTo implement blockchain effectively to enhance information management in the healthcare supply chain, health institutions, blockchain technology providers and state authorities should concentrate on the highly critical factors extracted from the study.Originality/valueThis is the first study that develops a hierarchical decision model for implementing blockchain technology in emerging economies' health supply chains.","PeriodicalId":18614,"journal":{"name":"Modern Supply Chain Research and Applications","volume":"74 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139859551","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
An exploratory study of the concept of social procurement in the construction industry in Botswana: contractor's perspective 博茨瓦纳建筑业社会采购概念的探索性研究:承包商的观点
Modern Supply Chain Research and Applications Pub Date : 2024-01-25 DOI: 10.1108/mscra-06-2023-0025
Joseph Kuruneri, Wiston Zivanai
{"title":"An exploratory study of the concept of social procurement in the construction industry in Botswana: contractor's perspective","authors":"Joseph Kuruneri, Wiston Zivanai","doi":"10.1108/mscra-06-2023-0025","DOIUrl":"https://doi.org/10.1108/mscra-06-2023-0025","url":null,"abstract":"PurposeGovernments worldwide seek to optimize value in public project bids. Social procurement (SP) has become a global tool for achieving project goals. The purpose of this study is to assess the understanding of SP among contractors and identify its drivers to optimize the value associated with public projects.Design/methodology/approachA total of 15 major contractors were interviewed to obtain their views on SP, appreciate their current practices and identify the main drivers of SP in projects. A semistructured interview was used to gather relevant data. Neo-institutional theory is the lens of the study used to provide the focus of the research. The collected data were analyzed using the thematic data analysis technique.FindingsThe study found that SP is understood as corporate social responsibility and is not handled in a structured manner guided by policies or clearly defined procedures. Additionally, research has shown that compliance requirements, rather than value and goodwill, are the main inspiration for SP practices.Research limitations/implicationsThe study’s limitation is the fact that it was conducted in the context of Botswana and only used the interview technique as the solo data collection method. The other limitation is the lack of empirical literature on SP concerning the lack of SP policy in Botswana.Originality/valueThis study raises awareness of the concept of SP among contractors in Botswana and eases its implementation within the industry.","PeriodicalId":18614,"journal":{"name":"Modern Supply Chain Research and Applications","volume":"16 9","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139596110","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Asset specificity, relational governance, firm adaptability and supply chain integration 资产专用性、关系治理、企业适应性和供应链整合
Modern Supply Chain Research and Applications Pub Date : 2023-12-07 DOI: 10.1108/mscra-09-2022-0021
Nakayima Farida, Ntayi Joseph, Namagembe Sheila, Kabagambe Levi, Muhwezi Moses
{"title":"Asset specificity, relational governance, firm adaptability and supply chain integration","authors":"Nakayima Farida, Ntayi Joseph, Namagembe Sheila, Kabagambe Levi, Muhwezi Moses","doi":"10.1108/mscra-09-2022-0021","DOIUrl":"https://doi.org/10.1108/mscra-09-2022-0021","url":null,"abstract":"PurposeThis study investigates how asset specificity, relational governance and firm adaptability relate with supply chain integration (SCI), considering selected food processing firms (FPFs) in Uganda.Design/methodology/approachThis study applies a quantitative research methodology. This research draws on a sample of 103 FPFs that have been selected from a population of 345 FPFs located in Kampala district. Hypothesis testing was done using Smart PLS version 3.FindingsAsset specificity has a significant positive relationship with SCI, and firm adaptability partially mediates this relationship. Also, there is a full mediation impact of firm adaptability on the relationship between relational governance and SCI.Research limitations/implicationsThis study focused on perceptual measures to get responses from managers on the level of integration with key suppliers and customers, yet firms deal with a number of suppliers and customers.Originality/valueThis study contributes to existing literature on SCI by applying the transaction cost theory. The study focuses on the influence of asset specificity, relational governance and firm adaptability on SCI in the food processing sector. Literature on relational governance in supply chain using the transaction cost theory remains scanty. Few studies have also focused on firm adaptability as a mediator in the FPS with specific focus on Uganda, yet the sector is highly faced with uncertain events. The uncertain events in the sector and in developing countries call for adaptive strategies. Additionally, this study is the first to use firm adaptability to mediate the influence of asset specificity and relational governance on SCI more so in a developing country like Uganda where the FPS is one of the most important in the economy.","PeriodicalId":18614,"journal":{"name":"Modern Supply Chain Research and Applications","volume":"42 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138592346","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Technology orientation and export performance: the moderating role of supply chain agility 技术导向与出口绩效:供应链灵活性的调节作用
Modern Supply Chain Research and Applications Pub Date : 2023-11-20 DOI: 10.1108/mscra-01-2023-0006
Zaina Nakabuye, Jamiah Mayanja, Sarah Bimbona, Micheal Wassermann
{"title":"Technology orientation and export performance: the moderating role of supply chain agility","authors":"Zaina Nakabuye, Jamiah Mayanja, Sarah Bimbona, Micheal Wassermann","doi":"10.1108/mscra-01-2023-0006","DOIUrl":"https://doi.org/10.1108/mscra-01-2023-0006","url":null,"abstract":"PurposeThe purpose of this paper is to investigate the relationships between technology orientations and export performance of small and medium-sized enterprises (SMEs).Design/methodology/approachA quantitative research design was adopted for this study. The paper formulates hypotheses from the literature review. These hypotheses are tested using structural equation modeling with data collected from 231 SMEs in Uganda. Data were analyzed using SPSS version 23 and AMOS.FindingsThe findings of this study showed technology orientation has a positive and significant relationship with the performance of Ugandan SMEs and that supply chain agility moderates technology orientation and export performance.Research limitations/implicationsThe study discusses the findings, advances limitations and managerial implications. It also suggests future research avenues. It proposes some recommendations to help Ugandan SMEs to form flexible supply chains, use the latest technology and create strong relationship ties with their partners in the supply chain.Practical implicationsThe study suggests that managers of Ugandan SMEs should use the latest technology in production, marketing, logistics and supply chain management which will enable them to respond quickly to customer tastes and preferences leading to higher levels of export performance.Originality/valueThis study contributes to the literature on strategic management showing the reliability of scales used and the confirmatory of the factor structure. This study shows that in strategic management technology, orientation is critical in increasing export performance. This study has extended the resource-based view (RBV) and dynamic capabilities theories.","PeriodicalId":18614,"journal":{"name":"Modern Supply Chain Research and Applications","volume":"152 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139258998","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Small and medium enterprise agro-processing firms supply chain performance: the role of owner-manager’s managerial competencies, information sharing and information quality 中小农产品加工企业供应链绩效:所有者-管理者管理能力、信息共享和信息质量的作用
Modern Supply Chain Research and Applications Pub Date : 2023-11-15 DOI: 10.1108/mscra-11-2022-0033
Sheila Namagembe, Musa Mbago
{"title":"Small and medium enterprise agro-processing firms supply chain performance: the role of owner-manager’s managerial competencies, information sharing and information quality","authors":"Sheila Namagembe, Musa Mbago","doi":"10.1108/mscra-11-2022-0033","DOIUrl":"https://doi.org/10.1108/mscra-11-2022-0033","url":null,"abstract":"Purpose The study examined the influence of small and medium enterprise (SME) owner-managers' managerial competencies on supply chain performance, the mediation role of information quality on the SME owner-managers' managerial competencies and supply chain performance relationship, the mediating role of information quality on the information sharing and supply chain performance relationship and the mediating role of both information sharing and information quality on SME owner-managers' managerial competences and supply chain performance relationship. Design/methodology/approach Data were collected from SME agro-processing firms. The determined sample size for the agro-processing firms was 200, while an effective sample size of 177 was obtained. The Covariance Structural Equation Modelling software was used to obtain results on the influence of SME owner-managers' managerial competencies on supply chain performance, the mediation role of information quality on the SME owner-managers' managerial competencies and supply chain performance relationship, the mediating role of information quality on the information sharing and supply chain performance relationship and the mediating role of both information sharing and information quality on SME owner-managers' managerial competences and supply chain performance relationship. Findings Findings indicated that a positive significant influence of SME owner-managers' managerial competencies on supply chain performance and the presence of partial mediation effects when the mediating role of information quality in the SME owner-managers' managerial competencies and supply chain performance relationship and the information sharing and supply chain performance relationship is tested. Also, a partial mediating role of information sharing and information quality is obtained in the SME owner-managers' managerial competencies and supply chain performance relationship. Research limitations/implications The study mainly focused on SME agro-processing firms eliminating other SME manufacturing firms. Also, the research employed a wholistic approach when studying the SME agro-processing firms without focusing on how SME owner-managers' managerial competencies would affect information sharing, information quality and supply chain performance based on the market type (local or foreign) and the source of raw materials (local or foreign) and the impact of information sharing on information quality hasn't been given significant attention in the existing literature. Originality/value The research focused on the mediation role of quality of information shared by SME owner-managers in the relationship between information sharing and supply chain performance, the mediating role of information quality in the SME owner-managers' managerial competencies and supply chain performance and the mediating role of both SME owner-manager's information sharing and quality of information shared in the relationship between SME owner-managers'","PeriodicalId":18614,"journal":{"name":"Modern Supply Chain Research and Applications","volume":"8 12","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136227157","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Cluster-based supplier segmentation: a sustainable data-driven approach 基于集群的供应商细分:可持续的数据驱动方法
Modern Supply Chain Research and Applications Pub Date : 2023-10-18 DOI: 10.1108/mscra-05-2023-0017
Mohammad Rahiminia, Jafar Razmi, Sareh Shahrabi Farahani, Ali Sabbaghnia
{"title":"Cluster-based supplier segmentation: a sustainable data-driven approach","authors":"Mohammad Rahiminia, Jafar Razmi, Sareh Shahrabi Farahani, Ali Sabbaghnia","doi":"10.1108/mscra-05-2023-0017","DOIUrl":"https://doi.org/10.1108/mscra-05-2023-0017","url":null,"abstract":"Purpose Supplier segmentation provides companies with suitable policies to control each segment, thereby saving time and resources. Sustainability has become a mandatory requirement in competitive business environments. This study aims to develop a clustering-based approach to sustainable supplier segmentation. Design/methodology/approach The characteristics of the suppliers and the aspects of the purchased items were considered simultaneously. The weights of the sub-criteria were determined using the best-worst method. Then, the K-means clustering algorithm was applied to all company suppliers based on four criteria. The proposed model is applied to a real case study to test the performance of the proposed approach. Findings The results prove that supplier segmentation is more efficient when using clustering algorithms, and the best criteria are selected for sustainable supplier segmentation and managing supplier relationships. Originality/value This study integrates sustainability considerations into the supplier segmentation problem using a hybrid approach. The proposed sustainable supplier segmentation is a practical tool that eliminates complexity and presents the possibility of convenient execution. The proposed method helps business owners to elevate their sustainable insights.","PeriodicalId":18614,"journal":{"name":"Modern Supply Chain Research and Applications","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135824056","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
External financing, channel power structure and product green R&D decisions in supply chains 供应链外部融资、渠道权力结构与产品绿色研发决策
Modern Supply Chain Research and Applications Pub Date : 2023-10-12 DOI: 10.1108/mscra-04-2023-0013
Jianchang Fan, Zhun Li, Fei Ye, Yuhui Li, Nana Wan
{"title":"External financing, channel power structure and product green R&D decisions in supply chains","authors":"Jianchang Fan, Zhun Li, Fei Ye, Yuhui Li, Nana Wan","doi":"10.1108/mscra-04-2023-0013","DOIUrl":"https://doi.org/10.1108/mscra-04-2023-0013","url":null,"abstract":"Purpose This study aims to focus on the optimal green R&D of a capital-constrained supply chain under different channel power structures as well as the impact of capital constraint, financing cost, channel power structure and cost-reducing efficiency on green R&D and supply chain profitability. Design/methodology/approach A two-echelon supply chain is considered. The upstream firm engages in green R&D but has capital constraints that can be overcome by external financing. Green R&D is beneficial to reduce production costs and increase consumer demand. Based on whether or not the upstream firm is capital constrained and dominates the supply chain, four models are developed. Findings Capital constraints significantly lower green R&D and supply chain profitability. Transferring leadership from the upstream to the downstream firms leads to higher green R&D levels and downstream firm profitability, whereas the upstream firm's profitability is increased (decreased) if green R&D investment efficiency is high (low) enough. Greater financing costs reduce green R&D and downstream firm profitability; however, the upstream firm's profitability under the model in which it functions as the follower increases if the initial capital is sufficient. More importantly, empirical analysis based on practice data is used to verify the theoretical results reported above. Practical implications This study reveals how upstream firms in supply chains decide green R&D decisions in situations with capital constraints, providing managers and governments with an understanding of the impact of capital constraint, channel power structure, financing cost and cost-reducing efficiency on supply chain green R&D and profitability. Originality/value The major contributions are the exploration of supply chain green R&D by taking into consideration channel power structures and cost-reducing efficiency and the validation of theoretical results using practice data.","PeriodicalId":18614,"journal":{"name":"Modern Supply Chain Research and Applications","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135963758","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Mitigating the impacts of COVID-19: failure mode and effect analysis and supply chain resilience (FMEA-SCR) combined model 缓解COVID-19的影响:失效模式和影响分析以及供应链弹性(FMEA-SCR)组合模型
Modern Supply Chain Research and Applications Pub Date : 2023-10-06 DOI: 10.1108/mscra-10-2022-0024
Antonio Marco-Ferreira, Reginaldo Fidelis, Diogo José Horst, Pedro Paulo Andrade Junior
{"title":"Mitigating the impacts of COVID-19: failure mode and effect analysis and supply chain resilience (FMEA-SCR) combined model","authors":"Antonio Marco-Ferreira, Reginaldo Fidelis, Diogo José Horst, Pedro Paulo Andrade Junior","doi":"10.1108/mscra-10-2022-0024","DOIUrl":"https://doi.org/10.1108/mscra-10-2022-0024","url":null,"abstract":"Purpose The coronavirus disease (COVID-19) pandemic generated a worldwide financial crisis by impacting several links of the supply chain, however companies can take advantage by quantitatively measuring the disruptive impacts. Design/methodology/approach This study sought to develop the failure mode and effect analysis and supply chain resilience (FMEA-SCR), a hybrid tool developed using a potential failure mode and effect analysis (FMEA) applied to supply chain resilience (SCR) and taking into account the capability factors and business processes. Findings In order to validate, the proposed model was applied into two different organizational study cases: an university and a cooperative managing urban solid wastes with recyclable potential (MSWRP). Through the procedures described here any organization can understand and assess in a simplified way the impacts over their supply chain generated by such a crisis. Originality/value This study synthesizes three different procedures into a single method called FMEA-SCR, allowing organizations to understand and assess in a simplified way, the impacts over their supply chain generated by COVID-19. To this end, it brought together the studies developed by Rajesh and Ravi (2015) and Curkovic et al . (2015), on possible causes of disruptions in SC, the capability factors of Pettit et al . (2010) used by organizations to mitigate the effects of disruptions, besides Lambert's and Croxton (2005) business processes, thus weaving a method that allows organizations to visualize, analyze and classify the pandemic impacts over their supply chain.","PeriodicalId":18614,"journal":{"name":"Modern Supply Chain Research and Applications","volume":"55 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135303902","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Inventory control strategy: based on demand forecast error 库存控制策略:基于需求预测误差
Modern Supply Chain Research and Applications Pub Date : 2023-08-21 DOI: 10.1108/mscra-02-2023-0009
Yue Zhou, Xiaobei Shen, Yugang Yu
{"title":"Inventory control strategy: based on demand forecast error","authors":"Yue Zhou, Xiaobei Shen, Yugang Yu","doi":"10.1108/mscra-02-2023-0009","DOIUrl":"https://doi.org/10.1108/mscra-02-2023-0009","url":null,"abstract":"PurposeThis study examines the relationship between demand forecasting error and retail inventory management in an uncertain supplier yield context. Replenishment is segmented into off-season and peak-season, with the former characterized by longer lead times and higher supply uncertainty. In contrast, the latter incurs higher acquisition costs but ensures certain supply, with the retailer's purchase volume aligning with the acquired volume. Retailers can replenish in both phases, receiving goods before the sales season. This paper focuses on the impact of the retailer's demand forecasting bias on their sales period profits for both phases.Design/methodology/approachThis study adopts a data-driven research approach by drawing inspiration from real data provided by a cooperating enterprise to address research problems. Mathematical modeling is employed to solve the problems, and the resulting optimal strategies are tested and validated in real-world scenarios. Furthermore, the applicability of the optimal strategies is enhanced by incorporating numerical simulations under other general distributions.FindingsThe study's findings reveal that a greater disparity between predicted and actual demand distributions can significantly reduce the profits that a retailer-supplier system can earn, with the optimal purchase volume also being affected. Moreover, the paper shows that the mean of the forecasting error has a more substantial impact on system revenue than the variance of the forecasting error. Specifically, the larger the absolute difference between the predicted and actual means, the lower the system revenue. As a result, managers should focus on improving the quality of demand forecasting, especially the accuracy of mean forecasting, when making replenishment decisions.Practical implicationsThis study established a two-stage inventory optimization model that simultaneously considers random yield and demand forecast quality, and provides explicit expressions for optimal strategies under two specific demand distributions. Furthermore, the authors focused on how forecast error affects the optimal inventory strategy and obtained interesting properties of the optimal solution. In particular, the property that the optimal procurement quantity no longer changes with increasing forecast error under certain conditions is noteworthy, and has not been previously noted by scholars. Therefore, the study fills a gap in the literature.Originality/valueThis study established a two-stage inventory optimization model that simultaneously considers random yield and demand forecast quality, and provides explicit expressions for optimal strategies under two specific demand distributions. Furthermore, the authors focused on how forecast error affects the optimal inventory strategy and obtained interesting properties of the optimal solution. In particular, the property that the optimal procurement quantity no longer changes with increasing forecast error under certain c","PeriodicalId":18614,"journal":{"name":"Modern Supply Chain Research and Applications","volume":"34 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-08-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84849798","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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