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      Impact of Bayesian Approach to Demand Management in Supply Chains for the Consumption of Dynamic Products

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          Abstract

          Abstract: Bayesian approach was applied to the management of the supply chain in a dynamic food product portfolio for a company in the retail sector. We propose a quasi-experimental method considering pre and posttest and a control group. The sample size of 93 products, out of a population of 120 products from two categories: classic sauces and gourmet sauces. R and Python programming languages were used and libraries for random sampling of the a priori distribution of the products to obtain posterior values área presented on the research. Forecast accuracy increased with the Bayesian approach by 10%. Likewise, it was possible to reduce the coverage inventory from 2 to 1.2 months and the discrepancy between the values of the Bayesian estimate with the traditional method was possible to reach a 5% error in the variation.

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          Most cited references18

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          Supply chain flexibility : A systematic literature review and identification of directions for future research

          Purpose The conceptualization of flexibility in organizations historically emerged from three views which relate to economic, to organizational and to manufacturing perspectives. Despite the growing number of publications about supply chain flexibility in the area of supply chain management, there is a lack of consensus on how to define and to conceptualize supply chain flexibility from a management point of view. The purpose of this paper is to present a comprehensive overview of the literature on the supply chain flexibility perspective and contributes to our understanding of the current state of research and its future development. Design/methodology/approach The research methodology used is the systematic literature review. In total 92 articles were selected from databases of well-known journal publishers in the field of economics, business studies and management sciences as well as grey literature to cover the topic of supply chain flexibility. Findings A limited number of studies in the field of supply chain flexibility apply theories and define the term supply chain flexibility. Instead they focus on a particular part or dimension of the supply chain. Based on the analysis, a distinction is made between flexibility in the supply chain and supply chain flexibility. Based on the function and characteristics of the supply chain, the authors selected 30 flexibility dimensions that cover supply chain flexibility by concentrating on the different business areas involved. Research limitations/implications The results support researchers and practitioners by identifying relevant trends and gaps in the field of supply chain flexibility. Originality/value The authors review the dimensions and aspects of supply chain flexibility that are currently taken into account in the literature. In this way, the authors provide an overarching perspective on the flexibility literature relating to supply chains.
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            The mediating effect of internal integration on the relationship between supply chain integration and operational performance: Evidence from Moroccan manufacturing companies

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              Framework for measuring performance of the sales and operations planning process

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                Author and article information

                Journal
                cys
                Computación y Sistemas
                Comp. y Sist.
                Instituto Politécnico Nacional, Centro de Investigación en Computación (Ciudad de México, Ciudad de México, Mexico )
                1405-5546
                2007-9737
                June 2023
                : 27
                : 2
                : 545-552
                Affiliations
                [1] Lima Lima orgnameUniversidad de Lima orgdiv1Instituto de Investigación Científica Peru
                Article
                S1405-55462023000200545 S1405-5546(23)02700200545
                10.13053/cys-27-2-4382
                4dc34565-75da-4003-a8b5-ab41bf1e1427

                This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

                History
                : 22 October 2022
                : 20 March 2023
                Page count
                Figures: 0, Tables: 0, Equations: 0, References: 18, Pages: 8
                Product

                SciELO Mexico

                Categories
                Articles

                retail products,critical fractile,balanced operations,Supply chain,Bayesian approach

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