Open Access Article SciPap-802
Process of Consignment Stock Implementation
by Petra Vrbová 1,*, Jiří Alina 2 and Václav Cempírek 3

1 Faculty of Economics and Administration, University of Pardubice, Studenská 84, Pardubice 53210, Czechia

2 Department of Management, University of South Bohemia in Ceske Budejovice, Studentská, No. 13, Ceske Budejovice 370 05, Czechia

3 Faculty of Transport Engineering, University of Pardubice, Studenská 95, Pardubice 532 10, Czechia

* Authors to whom correspondence should be addressed.

Abstract: Consignment stock concept is very important in case of short-term assets management in terms of completely innovative approach helping to manage inventories in which the supplier supplies his inventory and maintains a stock of material at the buyer´s stock. This article deals mainly with the process of Consignment stock implementation itself and considers the approach of Battini, Grassi, Persona, Sgarbossa (2010) by filling new phases and particularizes each separate phase and step. This paper focuses mainly on an analysis finding out possible obstacles while the Consignment stock implementation. Main goal of this paper is to propose a new methodology for the process of the Consignment stock concept implementation. The analysis is based on both quantitative and qualitative surveys held in the Czech Republic.

Keywords: Consignment Stock Concept, Implementation, Just-In-Time, Supply Chain, Inventory Policy, Vendor Managed Inventory

JEL classification:   E21 - Consumption • Saving • Wealth,   E23 - Production,   R41 - Transportation: Demand, Supply, and Congestion • Travel Time • Safety and Accidents • Transportation Noise

SciPap 2016, 24(2), 802

Received: 30 December 2015 / Accepted: 8 September 2016 / Published: 16 September 2016