The Value of Information in Inventory Replenishment


The Technological advances and changes in supply chain management practices have combined to draw attention to the value of information sharing in inventory replenishment.


Increasing interest in the value of information (VOI) has paralleled the rise of e-commerce and the development of new information technologies which promise more timely and accurate information sharing. Three distinct uses of information, including (1) replenishment, (2) capacity allocation and stock rebalancing, and (3) coordination.