Abstract
Inventory inaccuracy is common in the modern supply chain and it attracts much attention from many researchers. This paper considers a supply chain with inventory shrinkage and misplacement, and the supply chain consists of a single supplier and multiple retailers who are engaged in both price and inventory competition. The buyback contract is attached to coordinate the supply chain, as well as radio frequency identify (RFID) technology is attached to solve the inventory inaccuracy problem. In the first scenario, the supplier only uses the buyback contract to optimize operations by taking into account the inventory inaccuracy that faced by retailers. In the second scenario, the supplier improve operations by adopting RFID technology. Finally, this paper uses numerical example to analyze the difference before and after applying RFID. The consequences extend the study of inventory inaccuracy and highlight the conditions to adopt RFID, which can give helpful insights to supply chain managers.
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