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    Analysis of vendor managed inventory practices for greater supply chain performance

    Access Status
    Fulltext not available
    Authors
    Joseph, J.
    Sundarakani, B.
    Hosie, Peter
    Nagarajan, S.
    Date
    2010
    Type
    Journal Article
    
    Metadata
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    Citation
    Joseph, J. and Sundarakani, B. and Hosie, P. and Nagarajan, S. 2010. Analysis of vendor managed inventory practices for greater supply chain performance. International Journal of Logistics Economics and Globalisation. 2 (4): pp. 297-315.
    Source Title
    International Journal of Logistics Economics and Globalisation
    ISSN
    1741-5381
    URI
    http://hdl.handle.net/20.500.11937/3912
    Collection
    • Curtin Research Publications
    Abstract

    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 theVMI 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.

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