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Model for Determining the Optimum Location for Performance Improvement in Supply-Chain Strategies

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  • ȚARȚAVULEA (DIEACONESCU) Ramona Iulia

Abstract

The economic crisis which started in 2007 has caused damaging effects to most international companies. In several EU countries, foreign investments decreased and international companies closed or relocated production and/or distribution centres, due to cost reduction measures. This paper is aiming to demonstrate that applying a performant solution in defining the supply chain strategy can be a low cost process, which can generate positive effects on the sales and revenues. The research objective is to present a concrete solution for redesigning the supply chain, in order to achieve the optimal delivery strategy. The solution implies the use of mathematic methods, for determining the optimum location for placing a central warehouse, in a geographic region. The use of an optimum delivery strategy leads to lower depositing and transport costs, which generates positive effects on sales, by offering more competitive prices on products. The main contribution of the author is the development of a model, used to identify the optimal location for placing a central warehouse.

Suggested Citation

  • ȚARȚAVULEA (DIEACONESCU) Ramona Iulia, 2015. "Model for Determining the Optimum Location for Performance Improvement in Supply-Chain Strategies," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 01, March.
    • Handle: RePEc:jis:ejistu:y:2015:i:01:id:392
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    References listed on IDEAS

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    1. Sebastian Madalin Munteanu & Irina-Eugenia Iamandi & Eugeniu Tudor, 2015. "Evaluation Model of the Entrepreneurial Character in EU Countries," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 17(38), pages 1-76, February.
    2. Sheu, Jiuh-Biing, 2004. "A hybrid fuzzy-based approach for identifying global logistics strategies," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 40(1), pages 39-61, January.
    3. Cristina Venera GEAMBASU & Iulia JIANU & Ionel JIANU & Alexandru GAVRILA, 2011. "Influence Factors for the Choice of a Software Development Methodology," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 10(4), pages 479-494, December.
    4. Irina-Eugenia Iamandi & Sebastian Mădălin Munteanu, 2014. "Corporate Social Responsibility through Education and Sport. An EU Comparative Case," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 17(54), pages 73-97, December.
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    More about this item

    Keywords

    supply chain strategy; optimum location; informatics solution; mathematical optimization;
    All these keywords.

    JEL classification:

    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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