Inventory strategies to manage supply disruptions

Z. Atan, L.V. Snyder

Research output: Chapter in Book/Report/Conference proceedingChapterAcademicpeer-review

19 Citations (Scopus)
7 Downloads (Pure)

Abstract

Disruptions in supply chains occur routinely—both large ones, due to natural disasters, labor strikes, or terrorist attacks, and small ones, due to machine breakdowns, supplier stockouts, or quality problems (to name a few examples). Companies whose supply processes are affected by disruptions may experience delays in transportation and dysfunction in some of their facilities, which may result in inventory shortages. Although firms can take measures to prevent them, some disruptions are inevitable. Hence, in order to avoid the drastic impact of these disruptions, firms need to protect against them. There are multiple tactics that companies can choose from for managing the risk of disruptions. One of the most common tactics is to use inventory to buffer against the additional uncertainty. The main concern in inventory management problems is to find the optimal replenishment policy that tells when, from whom and how much to order.
Original languageEnglish
Title of host publicationSupply chain disruptions : theory and practice of managing risk
EditorsH. Gurnani, H. Mehrotra, S. Ray
Place of PublicationBerlin
PublisherSpringer
Pages115-139
Number of pages336
ISBN (Print)978-0-85729-777-8
DOIs
Publication statusPublished - 2012

Fingerprint Dive into the research topics of 'Inventory strategies to manage supply disruptions'. Together they form a unique fingerprint.

Cite this