Vendor Managed Inventory
The concept provides information on the ways vendor managed inventory (VMI) program can benefit an organisation. It reviews the three key elements of a successful VMI programme, its implementation steps and success factors.
Vendor Managed Inventory Definition
Vendor managed inventory (VMI) is a supply chain agreement where an upstream agent (e.g. supplier or manufacturer) takes control of the inventory management decisions for one or more downstream agents (e.g. retailers) (Fry, 2011). This type of agreement is also known as supplier managed inventory, continuous replenishment programme, or supplier-assisted inventory replenishment.
Vendor Managed Inventory Description *
* The full technique overview is available for free. Simply login to our business management platform, and learn all about Vendor Managed Inventory.
Vendor Managed Inventory Strengths *
Vendor Managed Inventory Weaknesses *
Examples of Vendor Managed Inventory *
* The business evidence section is for premium members only. Please contact us about accessing the Business Evidence.
Vendor Managed Inventory Implementation *
Success Factors of Vendor Managed Inventory *
Measures of Vendor Managed Inventory *
* The business application section is for premium members only. Please contact us about accessing the Business application.
Vendor Managed Inventory Videos *
Vendor Managed Inventory Downloads *
* The professional tools section is for premium members only. Please contact us about accessing the professional tools.
Vendor Managed Inventory Web Resources *
Vendor Managed Inventory Print Resources *
Vendor Managed Inventory References (4 of up to 20) *
- Abraham, D. and Leon, L. (2006) Knowledge Management in Supply Chain Networks. In E.Coakes and S.Clarke, eds. Encyclopedia of Communities of Practice in Information and Knowledge Management. Idea Group: London.
- Braithwaite, A. and Samakh, E. (1998) The Cost-to-Serve Method. International Journal of Logistics Management, Vol.(1), pp.69-84.
- Cachon, G. and Fisher, M. (1997) Campbell Soup's Continuous Replenishment Program: Evaluation and Enhanced Inventory Decision Rules. Production and Operations Management, Vol.6(3), pp.266-276.
- Cetinkaya, S. and Lee, C.Y. (2000) Stock Replenishment and Shipment Scheduling for Vendor Managed Inventory Systems. Management Science, Vol.46(2), pp.217-232.
* The further reading section is for premium members only. Please contact us about accessing the further reading.
Learn more about KnowledgeBrief Manage and how you can equip yourself with the knowledge to succeed on Vendor Managed Inventory and hundreds of other essential business management techniques