Data Mining and Knowledge Engineering

Tarun Khatri ¹, Manish Duhan ¹, Sanjay Kumar ¹, Abid Haleem ²

Affiliations
1 Department of Mechanical Engineering, International Institute of Technology and Management, Murthal-131039, Haryana, IN
2 Department of Mechanical Engineering, Jamia Millia Islamia, New Delhi-110025, Delhi, IN

Abstract

This paper is an attempt to deal with an important concept of vendor managed inventory. Difference between vendor managed inventory supply chains and traditional supply chains have been discussed. Benefits of implementation of vendor managed inventory concept to different members have been provided followed by challenges being faced by supply chain members. Essentials for implementation of vendor managed inventory strategy have been also provided keeping in view the futuristic vision to facilitate academicians and supply chain managers towards developing an understanding of overall scenario of implementation of vendor managed inventory.

Keywords

Vendor Managed Inventory, Benefits, Challenges, Essentials, Supply Chain Management (SCM), Supply Chain (SC).

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Sanjay Kumar ¹, Manish Duhan ², Abid Haleem ³

Affiliations
1 Department of Mechanical Engineering, International Institute of Technology and Management, Murthal-131039, Haryana, IN
2 Department of Mechanical Engineering, International Institute of Technology and Management, Murthal-131039, Haryana
3 Department of Mechanical Engineering, Jamia Millia Islamia, New Delhi-110025, Delhi, IN

Abstract

Productivity enhancement had been an important concern for managers over decades. A brief about productivity has been presented to enhance the understanding of various issues involved in enhancement of productivity. Mining of factors to enhance productivity in manufacturing sector has been carried out from review of literature from: various international and national journals and conferences; and websites. Better understanding of these factors important to enhance productivity may lead to sustain in globalized business scenario. This paper has been an attempt to help production managers to manage production activities effectively for gaining competitive advantage and enhanced profitability.

Keywords

Factors to Enhance Productivity, Mining of Factors, Productivity.

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