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Analysis of vendor managed inventory practices for greater supply chain performance

journal contribution
posted on 26.11.2019, 00:00 by JF Joseph, B Sundarakani, Peter Hosie, S Nagarajan
For a globalised supply chain to be responsive, the firm should have the ability to meet short lead times, respond to wide ranges of quantities demanded, handle a large variety of products, build highly innovative products and meet a very high service level. Vendor managed inventory (VMI) is one such supply chain practice where the vendor is given the sole responsibility to monitor and manage the inventory of the retailer. This paper attempts to analyse this supply chain practice and illustrate the key elements of this system and the role it plays in the overall supply chain. The benefits and risks of the VMI system are also analysed. The design and implementation steps for this supply chain practice are extensively reviewed. The analysis of industries which would benefit from implementing this system is also conducted. An investigation is attempted to see if any industries in the UAE are using VMI.

History

Volume

2

Issue

4

Start Page

297

End Page

315

Number of Pages

20

eISSN

1741-5381

ISSN

1741-5373

Peer Reviewed

Yes

Open Access

No

Era Eligible

Yes

Journal

International Journal of Logistics Economics and Globalisation