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Pricing in a vendor managed inventory system
International Journal of Logistics Systems and Management, 2006The turnover and profit of an organisation depend on the price and demand of its products. It is generally believed that a fair price acceptable to the partners is an important factor for better relations in VMI. Revenue-sharing is the concept by which total channel profit should be allocated among Supply Chain (SC) partners in different profit ratios.
S.P. Nachiappan, N. Jawahar, M. Ganesh
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Supply chain model in vendor managed inventory
2008 IEEE International Conference on Service Operations and Logistics, and Informatics, 2008This paper develops an analytical model that explores how important supply chain parameters affect the cost savings to be realized from collaborative initiatives such as vendor-managed inventory (VMI). Results from the model show that the optimal replenishment frequency with VMI is greater than that without VMI, but the optimal shortage quantity and ...
null Chuantao Wang +3 more
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Information exchange in vendor managed inventory
International Journal of Physical Distribution & Logistics Management, 2007PurposeVendor managed inventory (VMI) is a model for supply chain collaboration gaining ground in multiple industries around the world. Forecasting is one of several means to predict future demand. The purpose of this paper is to identify what types of advance demand data would be valuable to the supplier for successful replenishment planning in cases ...
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Vendor managed inventory model: a case study
Journal of Advances in Management Research, 2007This paper describes with the help of a case study how vendor managed inventory (VMI) model managers in real time the dynamic needs of supply chain process. Throughout the supply chain, VMI model is a way to cut inventory related costs and keep inventory levels low.
Malla Reddy, Prem Vrat
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Vendor-Managed Inventory and Its Support Technologies
2023Vendor managed inventory (VMI) is a prevailing service many suppliers offer their customers. By being on site with their customers, suppliers are better able to meet their customers' needs as well as expand their own business. This makes suppliers the experts of their commodity for their customers. This is beneficial to both parties.
Alan D. Smith, Stanko Racic
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Supply chain integration in vendor-managed inventory
Decision Support Systems, 2007This paper develops an analytical model that explores how important supply chain parameters affect the cost savings to be realized from collaborative initiatives such as vendor-managed inventory (VMI). Results from the model show that benefits, in the form of inventory cost reductions, may be generated from integration depending upon the ratio of the ...
Yuliang Yao +2 more
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Implementing a Hospital Vendor‐Managed Inventory System
Journal of Pharmacy Practice and Research, 2008ABSTRACTBackgroundTraditional pharmacy imprest services require deployment of pharmacy technicians and substantial stock holding. These costly requirements could be reduced by a vendor‐managed inventory system.AimTo reduce the number of staff required to provide imprest services, reduce stock holding, improve customer service and maintain fill rates ...
Michael Tsui +4 more
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Exploring the benefits of vendor managed inventory
International Journal of Physical Distribution & Logistics Management, 2007PurposeThe purpose of this paper is to explore the performance increase achieved by vendor managed inventory (VMI) under different levels of outside supply capacity, demand uncertainty, and lead time.Design/methodology/approachThe study uses discrete event simulation to explore the performance increase achieved by VMI under different supply chain ...
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Vendor Managed Inventory models in Sweden
2007VTT and LUT carried out a joint excursion to Sweden in November 2006. The goal of the excursion was to benchmark Swedish companies and their Vendor Managed Inventory (VMI) models in practice. The excursion was part of the "Mobile technologies and VMI solutions in industrial inbound logistics" project (TEMO project).
Hemilä, Jukka +2 more
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Asymmetric Information in Vendor Managed Inventory Systems
SSRN Electronic Journal, 2000This study investigates the conditions under which Vendor Managed Inventory (VMI) systems lead to improved quantity decisions and increased supply chain profits. The study provides analytical models of both a traditional and a VMI system, incorporating both the asymmetric information that is present in such relationships and the quantity choices of ...
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