Analysis of vendor managed inventory practices for greater supply chain performance
|dc.identifier.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.|
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.
|dc.subject||vendor managed inventory|
|dc.subject||supply chain performance|
|dc.title||Analysis of vendor managed inventory practices for greater supply chain performance|
|dcterms.source.title||International Journal of Logistics Economics and Globalisation|
|curtin.accessStatus||Fulltext not available|