Development of a Portfolio Simulation System for Apparel Supply Chain |
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| Authors: | DONG Ai-hua WONG Wai-keung YEUNG Kwok-wing CHAN Sek-foo |
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| Institution: | 1. Collegeof Information Science and Technology , Donghua University, Shanghai 201620. China
2. Institute of Textiles and Clothing, The Hong Kong Polytechnic University, Hung Hom, Kowloon, Hong Kong, China |
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| Abstract: | In this paper, a generic retailer-oriented portfolio simulation system linking manufacturer, retailer, and customer in apparel supply chain is presented. The purpose of the simulator is to generate a portfolio consisting of replenishment strategy and performance index under different sales forecasting errors to satisfy the retailerdefined customer service level in apparel industry. After analyzing the main parameters in the portfolio simulator,the procedure and detailed structure of the simulator are then described. With the use of data from the industry, one case study of the portfolio simulator is achieved and the process of the simulation is validated. |
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| Keywords: | supply chain management apparel Industry simulation system replenishment strategy |
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