Perishable Goods Based On Credit To Pay Three-stage Economic Order Strategy

Perishable products have obvious characters of short sales cycle,low residual value of unsold products in the end of period and uncertainty demand.Credit payment policy seems to be extraordinary effectual under those conditions:supplier provides a certain policy of credit payment according to the retailer's credit level,allowing them to pay for goods several days after receiving goods without paying any interest in the credit period. For retailer,credit policy is beneficial to the their cash flow, Meanwhile,it can effectivly conceal price discrimination,accelerate inventory's exchange rate of perishable products and reduce waste and loss of raw materials for supplier. In brief, credit payment policy has important economic and practical implications to perishable enterprises in terms of optimizing inventory and deploying funds effectively.Based on former research, the paper researches the strategy of inventory optimization and some issues involving credit payment furthermore on condition that supplier allows credit payment,applying credit payment to three-level supply chain, meanwhile taking into consideration of the price discount in contrast.The article's primary research content are summarized as follows:1)The paper summarize perishable products related research domestically and abroad first, then analyze credit payment policy in comparison,it also indicats some further research directions.2)This paper uses quantitative methods to build inventory model for perishable products retailer,discussing retail's optimal inventory strategy in terms of a regular credit,linear credit,progressive price discounts and other means respectively,then it proposes the optimal algorithm and makes sensitivity analysis on several parameters.