A framework for the value of information in inventory replenishment
Technological advances and changes in supply chain management practices have combined to draw attention to the value of information sharing in inventory replenishment. Academic research has produced seemingly conflicting results due to differences in the type of information that is shared, the supply chain structure, and the selection and parameterization of performance goals. This research provides a framework to help explain apparent differences in the extant literature. Our purpose is to understand what determines the value of information. With this specific view, we establish a set of research questions and suggest directions for future research. We introduce a research framework organized around the current literature and established theory. This framework is then evaluated by collectively classifying and coding results from the literature. Using a split-sample, least squares regression analysis, our results provide tentative empirical evidence that supports the framework, but also indicate that there are additional complex relationships among modeling parameters and assumptions that present opportunities for future research.
value of information supply chain management inventory management