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Beyond Vendor Managed Inventory: the Glaxosmithkline Case
Supply Chain Forum: An International Journal, 2004In 1995, GlaxoSmithKline launched a project with the aim of changing the management of planning and replenishment processes within GSK’s global supply network. The purpose was to implement Vendor Managed Inventory (VMI) both upstream and downstream in the supply network in order to co-ordinate the flows of materials and information between a number of ...
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Vendor managed inventory in tramp shipping
Omega, 2014Abstract This paper introduces a new problem to the OR community that combines traditional tramp shipping with a vendor managed inventory (VMI) service. Such a service may replace the more traditional contract of affreightment (COA) which for decades has been the standard agreement between a tramp shipping company and a charterer.
Magnus Stålhane +3 more
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SSRN Electronic Journal, 2012
The paper considers a production/distribution system that involves one vendor and multiple buyers. The buyers belong to an entity that is operationally more cost ecient than the vendor. We study two settings that have been widely applied in practice: vendor-managed inventory (VMI) and retailer-managed inventory (RMI).
Xiao Huang, Yunfan Li
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The paper considers a production/distribution system that involves one vendor and multiple buyers. The buyers belong to an entity that is operationally more cost ecient than the vendor. We study two settings that have been widely applied in practice: vendor-managed inventory (VMI) and retailer-managed inventory (RMI).
Xiao Huang, Yunfan Li
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Dynamic Vendor Managed Inventory
2007 International Symposium on Logistics and Industrial Informatics, 2007The article deals with obstacles frequently encountered during the implementation of Vendor Managed Inventory (VMI). It describes conceptual elements apt to overcome these obstacles, one of the key elements being to apply a dynamic logic to the core parameters of VMI.
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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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Vendor‐managed‐inventory (VMI) in construction
International Journal of Productivity and Performance Management, 2008Purpose – The purpose of this paper is to describe the challenge of managing logistics at corporate level in construction industry; and to present and evaluate vendor‐managed‐inventory (VMI) as a potential solution for small item logistics.Design/methodology/approach – The study has a design science approach.
Kari Tanskanen +3 more
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Inventory Management Practices and Its Effects on Vendor Managed Inventory Performance
Advanced Science Letters, 2015The Vendor Managed Inventory (VMI) has long been implemented by many corporations due to its various positive effects it has towards the company’s performance.At the same time, a number of success stories of VMI program have also been discussed by numerous authors.However, until now, there is no concrete conclusion on VMI has been clarified. Therefore,
Radzuan, Kamaruddin +4 more
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Situation reactive approach to Vendor Managed Inventory problem
Expert Systems with Applications, 2009In this research, we deal with VMI (Vendor Managed Inventory) problem where one supplier is responsible for managing a retailer's inventory under unstable customer demand situation. To cope with the nonstationary demand situation, we develop a retrospective action-reward learning model, a kind of reinforcement learning techniques, which is faster in ...
Choonjong Kwak +3 more
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Wertorientiertes Vendor Managed Inventory durch IT-gestützte Steuerung
HMD Praxis der Wirtschaftsinformatik, 2012Im Wettbewerb um die begrenzten Verkaufsflachen im Lebensmitteleinzelhandel (LEH) bieten Lieferanten Vendor Managed Inventory (VMI) als komplementare Dienstleistung zu ihren Produkten an. Der LEH stellt mit uber 30.000 Filialen deutschlandweit besondere Herausforderungen an Zulieferer, die mittels VMI die Warendisposition in den Verkaufsregalen steuern.
Alexander Fuchs 0005 +4 more
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Supply Chain Learning and Spillovers in Vendor Managed Inventory
Decision Sciences, 2012ABSTRACTDespite extensive literature on the value of supply chain collaboration programs, little research has examined the issue from the perspective of organizational learning. Using a unique, operational level dataset, we empirically examine the learning curves through which performance improvements are realized under vendor managed inventory (VMI ...
Yuliang Yao +2 more
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