Volume 54, Issue 2, May 2021, Pages 56–63
Emmalia Adriantantri1 and Sri Indriani2
1 Industrial Engineering, National Institute of Technology, Malang, East Java, Indonesia
2 Industrial Engineering, National Institute of Technology, Malang, East Java, Indonesia
Original language: English
Copyright © 2021 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
This research aims to create a conceptual method, in order to reduce the effect of bullwhip by integrating information sharing, Forecasting, Economic Order Quantity (EOQ), Vendor Management Inventory (VMI), and Consignment (Cs) methods. The results are used to build an application that can be used for information sharing, simulation using forecasting, and Economic Order Quantity-Vendor Management Inventory-Consignment methods, which can reduce the effect of bullwhip. It can be concluded that through information sharing, the results obtained in the forecasting method is more accurate, because customer requests can be identified by suppliers and retailers. Also, the optimal product lot size and total cost was obtained by using the Economic Order Quantity-Vendor Management Inventory-Consignment model. These aforementioned integration steps were taken as an effort to reduce the effect of bullwhip.
Author Keywords: Bullwhip Effect, Information Sharing, EOQ, VMI-Consignment, Inventory.
Emmalia Adriantantri1 and Sri Indriani2
1 Industrial Engineering, National Institute of Technology, Malang, East Java, Indonesia
2 Industrial Engineering, National Institute of Technology, Malang, East Java, Indonesia
Original language: English
Copyright © 2021 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
This research aims to create a conceptual method, in order to reduce the effect of bullwhip by integrating information sharing, Forecasting, Economic Order Quantity (EOQ), Vendor Management Inventory (VMI), and Consignment (Cs) methods. The results are used to build an application that can be used for information sharing, simulation using forecasting, and Economic Order Quantity-Vendor Management Inventory-Consignment methods, which can reduce the effect of bullwhip. It can be concluded that through information sharing, the results obtained in the forecasting method is more accurate, because customer requests can be identified by suppliers and retailers. Also, the optimal product lot size and total cost was obtained by using the Economic Order Quantity-Vendor Management Inventory-Consignment model. These aforementioned integration steps were taken as an effort to reduce the effect of bullwhip.
Author Keywords: Bullwhip Effect, Information Sharing, EOQ, VMI-Consignment, Inventory.
How to Cite this Article
Emmalia Adriantantri and Sri Indriani, “The reduction of bullwhip effect by Integrating Information Sharing, Forecasting, Economic Order Quantity (EOQ) - Vendor Management Inventory (VMI) - and Consignment (Cs) Approach,” International Journal of Innovation and Scientific Research, vol. 54, no. 2, pp. 56–63, May 2021.
