Vendor Managed Inventory and Its Effect in the Supply Chain

2005 ◽  
pp. 545-552 ◽  
Author(s):  
Sungwon Jung ◽  
Tai-Woo Chang ◽  
Eoksu Sim ◽  
Jinwoo Park
Keyword(s):  
Supply Chain ◽  
Vendor Managed Inventory

Implementation of Vendor Managed Inventory (VMI) in Managing Intra Ocular Lenses (IOL) in Eye Care Organization

2015 ◽  
Vol 2 (9) ◽  
pp. 1 ◽  
Author(s):  
Nancy Sharma
Keyword(s):  
Supply Chain ◽  
Operational Efficiency ◽  
Care Organization ◽  
Healthcare Industry ◽  
Vendor Managed Inventory ◽  
Eye Care ◽  
Inventory Cost ◽  
Innovative Strategies ◽  
Industry Hospital

Nowadays healthcare has a completely changed scenario as compared with the early 90’s. As more and more profit generating hospitals are coming in the industry, hospital and healthcare is no longer remains a charitable or philanthropically act. So to be remain in the market and compete within hospitals need to now focus on the different and innovative strategies in every aspect. Supply chain and operations is one of the important key of any organization which directly impact on business and revenue. Vendor Managed inventory is not a new concept but it is not efficiently utilized in service and healthcare industry as of now. Some retail and automobile industries has utilized the concept and also able to reduce the inventory cost with manageable position of stock out and over stocking position. As hospital’s key functioning is to deal with life of patients on day to day so position of material need to be necessarily on right time and right place. This paper is based on the insight of the application of vendor managed inventory in the management of inventory for the IOL (Intra ocular lenses) that is used for the surgeries in the eye hospital. We will also study the questionnaire on the acceptability of the concept of vendor managed inventory in the hospital that will help to assess the acceptability of VMI in hospital and healthcare industry. Also a framework matrix is designed to understand the relation of VMI with the revenue earning and smoothening of operational efficiency.

scholarly journals Vendor managed inventory in multi level supply chain

2017 ◽  
pp. 67-76 ◽  
Author(s):  
Hamid Bani-Asadi Hamid Bani-Asadi ◽  
Hamed Jafar Zanjani
Keyword(s):  
Supply Chain ◽  
Vendor Managed Inventory ◽  
Multi Level

scholarly journals Pengurangan Bullwhip Effect dengan Metode Vendor Managed Inventory

2016 ◽  
Vol 14 (2) ◽  
pp. 292
Author(s):  
Fenny Rubbayanti Dewi ◽  
Annisa Kesy Garside
Keyword(s):  
Supply Chain ◽  
Bullwhip Effect ◽  
Vendor Managed Inventory ◽  
Information Distortion ◽  
Demand Variability ◽  
Demand Stability

Information distortion caused PT Multi Sarana Indotani got higher demand than the distributor. Demand variability in each echelon of the supply chain (bullwhip effect) may occur due to lack of demand stability that the producer had difficulty in determining the amount of production. One of the collaboration methods that can be applied to overcome the information distortion as causes of the bullwhip effect is vendor managed inventory, where the needs of distributor and retailers monitored and controlled by the producer. In this case, vendor managed inventory applied to two echelons, producer, and distributor. 

Information Technology Enabled Vendor Managed Inventory in Modelling Supply Chain Issues

2010 ◽  
pp. 226-252 ◽  
Author(s):  
Subramanian Nachiappan ◽  
Natarajan Jawahar
Keyword(s):  
Information Technology ◽  
Supply Chain ◽  
Business Processes ◽  
Theoretical Background ◽  
Inventory Systems ◽  
Successful Implementation ◽  
Vendor Managed Inventory ◽  
Cooperative Agreements ◽  
Communication And Coordination ◽  
Operational Issues

Supply chain is a network of firms interacting in a linear fashion to produce, sell and deliver a product or service to a predetermined market segment. It links all the chain partners within and across organization to work competitively by forming the partnerships together with the integration of business processes, technical and organizational aspects. The successful implementation of supply chain management depends on many soft issues (strategic/behavioural). The soft issues of supply chain models can be dealt through proper information sharing, communication and coordination between the stages of supply chain. Vendor managed inventory is a proven concept for successful collaborative and cooperative agreements in supply chain. This chapter reviews some of the soft issues in two-echelon supply chain models and proposes a classification schema. This chapter surveys the theoretical background and application of vendor managed inventory systems based on environment, operational issues and solution approaches. Hence it is concluded that the framework presented in this chapter would aid supply chain managers and researchers to further look into the soft issues while modeling supply chain with information technology enabled vendor managed inventory systems.

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