Previous research has shown that the forecast accuracy is to be distinguished from the performance of the forecasts when utility measures are employed. This is particularly true in an inventory management context, where the interactions between forecasting and stock control are not yet fully...

For a firm the logistics challenge consists in the integrated planning, control, realization and monitoring of all internal and network-wide material, part and product flows, including the necessary information flows, for the purpose of satisfying customer needs and realizing a profit. For a...

The present article investigates the issue of channel coordination of a manufacturer and a retailer facing stochastic demand that is sensitive to promotional effort. In newsvendor setting, the return policy, sharing contract on promotional effort, and discount on whole sales price provided by...

Survival of fittest & fastest is the mantra of today’s business game. To compete successfully in this business era, the retailer must focus on the customer’s buying experience. To manage a customer’s experience, retailers should understand what “customer experience” actually means....

Achieving and maintaining competitive advantage in an increasingly unpredictable and changeable business climate under the new rules of global competition and sustainable development became the major challenges facing the worldwide companies’ management during the last decades. Our paper aims...

The paper provides an overview of the role and feasibility of information security in supply chains. After the clarification of basic notions the authors will arrive at establishing requirements postulated for supply chain member companies based on the properties of logistics information...

As a discipline, marketing has always followed the social and economic development, thus being a reflection of prevalent social and economic relations. Accordingly, growing environmental awareness at all levels and the emergence of a new consumer segment – the so-called green consumers – has...

In order to achieve competitive advantage, each company has to determine its strategic position in relation to its suppliers and buyers, and to realize how behavior of supply chain participants influence on overall supply chain functionality. Supply chains with high level of synchronization of...

Economic subjects give more and more consideration to decisions connected to the measurement of performances and supply chain metrics. This paper explains the performances of categories within the supply chain which can be measured and according to that, influence on the continuous improvement...

Success of the contemporary enterprises (also) depends a lot on their capacity to manage all important supply chains in which they are involved. For that reason the enterprises must rethink and innovate their management (in general) and especially the management of supply chains. Supply chain...