A B C D E F G H I J K L M N O P Q R S T U V W X Y Z All
Khatri, Tarun
- Vendor Managed Inventory (VMI):Benefits, Challenges and Essentials in Implementation
Authors
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
Source
Data Mining and Knowledge Engineering, Vol 7, No 7 (2015), Pagination: 248-252Abstract
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).- Effective Vendor Managed Inventory (VMI) Implementation:Brief about Processes Involved and Requisites
Authors
1 Department of Mechanical Engineering, International Institute of Technology & Management, Murthal, Haryana, IN
2 Department of Mechanical Engineering, Jamia Millia Islamia-New Delhi-110025, IN
Source
Data Mining and Knowledge Engineering, Vol 8, No 10 (2016), Pagination: 299-303Abstract
Vendor Managed Inventory (VMI) has been an important research area towards reducing demand variability in a supply chain. This paper emphasizes importance of VMI implementation for enhancing supply chain effectiveness. Literature review has been carried out to identify processes involved in effective VMI implementation. Through the review of the literature, it has been identified that the role of the customers has been pivotal in all business operations. VMI changes association and interactions’ nature among customers and supply chain members. Further, few requisites of VMI implementation have been explored and presented. Future research directions have been presented.
Keywords
Bullwhip Effect (BWE), Electronic Data Interchange (EDI), Information and Communications Technology (ICT), Role Players, Vendor Managed Inventory Implementation (VMI).- Effective ‘Strategic Implementation’ of Vendor-Managed Inventory (VMI) through Hierarchization of Identified Requisites: A Study with Automobile Sector of India
Authors
Source
Data Mining and Knowledge Engineering, Vol 10, No 7 (2018), Pagination: 137-142Abstract
Vendor Managed Inventory (VMI) is being looked upon as an effective tool to reduce the demand variability of an Industrial supply chain. This can also help in reducing the corresponding bullwhip effect. This paper tries to explore the importance of VMI implementation in the context of Indian automotive sector.
The effective implementation of VMI has been through the development of the hierarchal analysis of requisites. AHP has been taken as a tool for hierarchization. A sub-classification of these requisites has also been undertaken. A literature review has been amalgamated with industry experiences to understand the effective VMI implementation in the automobile sector. Classification of rRequisites and respective sub-requisite classification with references in respect to effective VMI implementation are provided. This has helped in the prioritisation of these requisites through AHP, and an action plan for VMI Implementation is provided.
Research implications also provide the outcome of the findings and its implication to the sector.
Discussions provide inputs to future studies. This paper may help academicians along with industry professionals to understand issues involved in VMI implementation, specifically for the automobile sector