Demand Forecast Information Sharing in Low-Carbon Supply Chains

In view of the crucial role of consumer data concerning low-carbon preferences, a low-carbon supply chain was established, encompassing one manufacturer and one retailer. Both entities employed technological tools to predict consumer demand. This study assessed the profitability of supply chain participants under two strategies, “make-to-order” and “make-to-stock”, considering scenarios with and without demand forecast sharing information. Furthermore, we investigated how factors such as demand variability, forecast biases from the manufacturer and the retailer, and the forecast correlation coefficient affect the performance of the supply chain and the benefits of sharing information. Our findings indicate that the strategies of supply chain members remain unaffected by the chosen production models and that information sharing proves advantageous for the manufacturer and the retailer. Especially for manufacturers, profits in a “make-to-order” scenario surpass those in a “make-to-stock” scenario. Our numerical analysis showed that profits for the manufacturer and the retailer were consistently higher in scenarios where information was shared than in cases where it was not for “make-to-order” and “make-to-stock” strategies.

Authors

Institutions

Publication Details

Journal
Sustainability
Published
2024-10-19
DOI
https://doi.org/10.3390/su16209056
Citations
3
Primary Topic
Supply Chain and Inventory Management
Type
article
Field-Weighted Citation Impact
1.59

Funders

Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Demand Forecast Information Sharing in Low-Carbon Supply Chains

Jianwu Shi, Qinpeng Wang, Yanjie Wang
3 citations
Sustainability
Supply Chain and Inventory Management
1.59
article

Demand Forecast Information Sharing in Low-Carbon Supply Chains

Jianwu Shi, Qinpeng Wang, Yanjie Wang
article en
3 citations

Abstract

In view of the crucial role of consumer data concerning low-carbon preferences, a low-carbon supply chain was established, encompassing one manufacturer and one retailer. Both entities employed technological tools to predict consumer demand. This study assessed the profitability of supply chain participants under two strategies, “make-to-order” and “make-to-stock”, considering scenarios with and without demand forecast sharing information. Furthermore, we investigated how factors such as demand variability, forecast biases from the manufacturer and the retailer, and the forecast correlation coefficient affect the performance of the supply chain and the benefits of sharing information. Our findings indicate that the strategies of supply chain members remain unaffected by the chosen production models and that information sharing proves advantageous for the manufacturer and the retailer. Especially for manufacturers, profits in a “make-to-order” scenario surpass those in a “make-to-stock” scenario. Our numerical analysis showed that profits for the manufacturer and the retailer were consistently higher in scenarios where information was shared than in cases where it was not for “make-to-order” and “make-to-stock” strategies.

SustainabilityVol. 16(20)
Hebei University of Economics and Business (CN)
Ministry of Education of the People's Republic of China, Hebei Normal University, Hebei University, Humanities and Social Science Fund of Ministry of Education of China
Openalex Percentile: Top 13%
Supply Chain and Inventory Management
1.59
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.

Demand Forecast Information Sharing in Low-Carbon Supply Chains — Jianwu Shi, Qinpeng Wang, et al. · Sustainability (2024) | TGRS Research Map | TGRS