A hybrid replenishment model, the best fit in fast growing industries
R. Hartevelt
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Abstract
During the design supply chain control processes, balancing cost versus service plays an important role. To select the most suitable replenishment strategy is the main enabler in reaching the goal of finding the optimal balance. In this article a framework is developed which will help to select the right replenishment strategy and to design a supply chain control process that supports companies to secure the results of improvements. During the evaluation of replenishment strategies in the design phase of the project it becomes clear that in specific situations one single replenishment strategy will not cover the overall control need in supply chains, especially in fast growing or emerging markets. In those specific situations the best replenishment strategy is a combination of re-order-point and kanban. This paper is based on experience gained during a supply chain control study at a Philips business.