Abstract
Companies must maintain a high competitive level to stay in the global market. This objective is even more complex when considering the introduction of new products (NPs) in the market because these present greater uncertainty and sudden changes in demand. Because of this, an agile Supply Chain (SC) is required to respond quickly to the dynamic behavior of the NP. Thus, the present work contributes with a Risk-based Strategic Inventory Supply Model for New Products (RSISNP) that integrates diverse inventory management tools to address the introduction of NPs within the SC. For this purpose, a comprehensive study was performed with 36 managers of related companies to determine the most important factors that may affect the supply of these products. Then, these factors were integrated as cost elements within an adapted periodic-continuous review strategy which is the basis for the RSISNP model. When tested on a case study it was found that the proposed model can reduce excess-of-inventory and obsolescence costs for NPs for different type of demands and life cycles. Thus, for professionals in the logistics and production area, this model can represent a tool to improve the response of the SC to these factors throughout the development process and launch of NPs.
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Sánchez-Vega, MdR., Caballero-Morales, SO., Sánchez-Partida, D., Martínez-Flores, JL. (2019). Risk-based Strategic Inventory Supply Model for New Products. In: García Alcaraz, J., Rivera Cadavid, L., González-Ramírez, R., Leal Jamil, G., Chong Chong, M. (eds) Best Practices in Manufacturing Processes. Springer, Cham. https://doi.org/10.1007/978-3-319-99190-0_4
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