Retailer's sourcing strategy under consumer stockpiling in anticipation of supply disruptions
- Authors
- Yoon, Jiho; Narasimhan, Ram; Kim, Myung Kyo
- Issue Date
- May-2018
- Publisher
- TAYLOR & FRANCIS LTD
- Keywords
- sourcing strategy; consumer stockpiling; supply disruption risk; multi-tier supply chain; retail supply chain
- Citation
- INTERNATIONAL JOURNAL OF PRODUCTION RESEARCH, v.56, no.10, pp 3615 - 3635
- Pages
- 21
- Journal Title
- INTERNATIONAL JOURNAL OF PRODUCTION RESEARCH
- Volume
- 56
- Number
- 10
- Start Page
- 3615
- End Page
- 3635
- URI
- https://scholarworks.bwise.kr/cau/handle/2019.sw.cau/45271
- DOI
- 10.1080/00207543.2017.1401748
- ISSN
- 0020-7543
1366-588X
- Abstract
- We study a retailer's sourcing strategy under consumers' stockpiling behaviour and the factors associated with the selection of an optimal strategy in multi-tier supply chains in the presence of supply disruption risk. Stockpiling behaviour occurs when consumers attempt to mitigate the negative impact of a supply shortage. We prove that those behaviours become stronger if consumers have experienced similar problems before and weaker as more inventories are hoarded. Based on these findings, numerical analysis is carried out to compare the superiority of single sourcing versus dual sourcing from retailer's perspective. Our results suggest that the superiority is highly dependent on factors such as supplier's volume flexibility, retailer's purchasing price, and supplier reliability.
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Collections - College of Business & Economics > School of Business Administration > 1. Journal Articles
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