Vendor Managed Inventory
Essay on Vendor Managed Inventories
Date of submitting: 30th of October 2012 Length of essay: Not more than 10 pages. So you may use a bit more space, as compared to Assignment 1. You can write either alone or together with ONE other student
Write an essay on Vendor Managed Inventories (VMI). Remember to enclose a list of references that you have used.
Remember to write your name(s) and student number (s) on a front page saying: Essay on the VMI.
Vendor Managed Inventories
LOG 711 Supply Chain Management 1 Essay: Vendor Managed Inventories Assignment No. 2 Prepared by: Razib Ahmed Student No. 121363
Molde University College Autumn 2012
Vendor Managed Inventories Abstract
2
Vendor Managed Inventories (VMI) is an effective supply chain strategy where the vendor takes the responsibility to maintain the inventory of the customer and in return vendor, buyer and or both parties are benefited by the proper utilization of it. This paper explains how the total VMI process work toward the mutual goal of suppliers and customers. It has the explanation how the VMI helps to increase sales, reduces operating cost and build strong customer relationships for the vendor. From the customer side it explains how the VMI helps customer to reduce inventory, reduce administrative costs, less stock-outs and increase sales etc. The information collected for this paper is all from secondary sources means scientific journals, various research papers, and scholarly books. Proper citation has been used wherever it is necessary.
Vendor Managed Inventories Contents 1. Chapter 1 … 1.1 Introduction … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … …
3
4 4 4 5 6 6 6 6 7 7 8 11
1.2 Literature review
1.3 Traditional supply chain vs. VMI 1.4 How VMI works 2. Chapter 2 … …
2.1 Benefits for the manufacturer … 2.2
Date of submitting: 30th of October 2012 Length of essay: Not more than 10 pages. So you may use a bit more space, as compared to Assignment 1. You can write either alone or together with ONE other student
Write an essay on Vendor Managed Inventories (VMI). Remember to enclose a list of references that you have used.
Remember to write your name(s) and student number (s) on a front page saying: Essay on the VMI.
Vendor Managed Inventories
LOG 711 Supply Chain Management 1 Essay: Vendor Managed Inventories Assignment No. 2 Prepared by: Razib Ahmed Student No. 121363
Molde University College Autumn 2012
Vendor Managed Inventories Abstract
2
Vendor Managed Inventories (VMI) is an effective supply chain strategy where the vendor takes the responsibility to maintain the inventory of the customer and in return vendor, buyer and or both parties are benefited by the proper utilization of it. This paper explains how the total VMI process work toward the mutual goal of suppliers and customers. It has the explanation how the VMI helps to increase sales, reduces operating cost and build strong customer relationships for the vendor. From the customer side it explains how the VMI helps customer to reduce inventory, reduce administrative costs, less stock-outs and increase sales etc. The information collected for this paper is all from secondary sources means scientific journals, various research papers, and scholarly books. Proper citation has been used wherever it is necessary.
Vendor Managed Inventories Contents 1. Chapter 1 … 1.1 Introduction … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … …
3
4 4 4 5 6 6 6 6 7 7 8 11
1.2 Literature review
1.3 Traditional supply chain vs. VMI 1.4 How VMI works 2. Chapter 2 … …
2.1 Benefits for the manufacturer … 2.2
References: Figure 1. The traditional supply chain system (Disney et al., 2003, p. 365) Figure 2