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2005•Unpublished venueRequires access

Vendor Managed Inventory System for Supply Chain Management

Xiangyang Zhang

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Abstract

This paper finds the essential difference between vendor managed inventory(VMI)and retailer managed inventory(RMI).VMI has many advantages in management idea,decision making,forecasting system,replenishment mode and postponing strategy.Then the paper describes in detail the eight key patrs of VMI workflow and the steps to carry out VMI.It is concluded that VMI benefits vendor,retailer and the whole supply chain.

About this research paper

What this paper is about

This paper finds the essential difference between vendor managed inventory(VMI)and retailer managed inventory(RMI).VMI has many advantages in management idea,decision making,forecasting system,replenishment mode and postponing strategy.Then the paper describes in detail the eight key patrs of VMI workflow and the steps to carry out VMI.It is concluded that VMI benefits vendor,retailer and the whole supply chain.

Why it matters

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Key contribution

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Method / approach

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Available abstract

This paper finds the essential difference between vendor managed inventory(VMI)and retailer managed inventory(RMI).VMI has many advantages in management idea,decision making,forecasting system,replenishment mode and postponing strategy.Then the paper describes in detail the eight key patrs of VMI workflow and the steps to carry out VMI.It is concluded that VMI benefits vendor,retailer and the whole supply chain.

Key concepts: Vendor-managed inventory, Vendor, Supply chain, Operations management, Business, Supply chain management, Workflow, Inventory management

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