Data Mining and Knowledge Engineering

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Effective Vendor Managed Inventory (VMI) Implementation:Brief about Processes Involved and Requisites


Affiliations
1 Department of Mechanical Engineering, International Institute of Technology & Management, Murthal, Haryana, India
2 Department of Mechanical Engineering, Jamia Millia Islamia-New Delhi-110025, India
     

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Vendor Managed Inventory (VMI) has been an important research area towards reducing demand variability in a supply chain. This paper emphasizes importance of VMI implementation for enhancing supply chain effectiveness. Literature review has been carried out to identify processes involved in effective VMI implementation. Through the review of the literature, it has been identified that the role of the customers has been pivotal in all business operations. VMI changes association and interactions’ nature among customers and supply chain members. Further, few requisites of VMI implementation have been explored and presented. Future research directions have been presented.


Keywords

Bullwhip Effect (BWE), Electronic Data Interchange (EDI), Information and Communications Technology (ICT), Role Players, Vendor Managed Inventory Implementation (VMI).
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  • Effective Vendor Managed Inventory (VMI) Implementation:Brief about Processes Involved and Requisites

Abstract Views: 271  |  PDF Views: 1

Authors

Tarun Khatri
Department of Mechanical Engineering, International Institute of Technology & Management, Murthal, Haryana, India
Sanjay Kumar
Department of Mechanical Engineering, International Institute of Technology & Management, Murthal, Haryana, India
Abid Haleem
Department of Mechanical Engineering, Jamia Millia Islamia-New Delhi-110025, India

Abstract


Vendor Managed Inventory (VMI) has been an important research area towards reducing demand variability in a supply chain. This paper emphasizes importance of VMI implementation for enhancing supply chain effectiveness. Literature review has been carried out to identify processes involved in effective VMI implementation. Through the review of the literature, it has been identified that the role of the customers has been pivotal in all business operations. VMI changes association and interactions’ nature among customers and supply chain members. Further, few requisites of VMI implementation have been explored and presented. Future research directions have been presented.


Keywords


Bullwhip Effect (BWE), Electronic Data Interchange (EDI), Information and Communications Technology (ICT), Role Players, Vendor Managed Inventory Implementation (VMI).