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Inventory management in supply chains: a bargaining problem.
- International Journal of Production Economics
, 2005
"... Abstract This paper is focused on supply chain management from the perspective of inventory management. The coordination of order and production policies between buyers and suppliers in supply chains is of particular interest. When a buyer of an item decides independently, he will place orders base ..."
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Abstract This paper is focused on supply chain management from the perspective of inventory management. The coordination of order and production policies between buyers and suppliers in supply chains is of particular interest. When a buyer of an item decides independently, he will place orders based on his economic order quantity (EOQ). However, the buyer's EOQ may not lead to a favorable policy for the supplier. A cooperative order and production policy can reduce total cost significantly. Should the buyer have the dominant position to impose his EOQ on the supplier, then consequently no incentive exists for him to deviate from his EOQ in order to choose a cooperative policy. To induce the buyer to order in quantities more favorable to the supplier, the supplier could offer a cooperative policy associated by a side payment to the buyer. The research presented in this paper provides several bargaining models depending on alternative production policies of the supplier. With these bargaining models the offered cooperative policy and the offered side payment can be derived. r
Mini-dissertation submitted in partial fulfilment of the requirements for the degree Master in Business Administration at the North-West University
, 2011
"... Tendering process is central to national government in South Africa. The goods and services bought by national government in South Africa represent a large amount of public money, and it is very important that national government put in place measure to manage how these goods and services are acquir ..."
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Tendering process is central to national government in South Africa. The goods and services bought by national government in South Africa represent a large amount of public money, and it is very important that national government put in place measure to manage how these goods and services are acquired. In the main government acquire goods and services through tender system and the focus of the study was tendering process in national government in South Africa. The amount of public resources that national government uses in the tendering process is huge and is approximately over 20 % of GDP, which has direct implication for service delivery and job creation as well as redressing past discrimination by empowering designated groups of peoples to receive preference in tendering. South Africa is one of the countries with the highest level of corruption rate in the world, of which tender fraud and corruption play a major part. Considering that, the reform of tendering process in national government is therefore inevitable and has to take place.
