Vendor Managed Inventory (VMI): Benefits, Challenges and Essentials in Implementation
This paper is an attempt to deal with an important concept of vendor managed inventory. Difference between vendor managed inventory supply chains and traditional supply chains have been discussed. Benefits of implementation of vendor managed inventory concept to different members have been provided followed by challenges being faced by supply chain members. Essentials for implementation of vendor managed inventory strategy have been also provided keeping in view the futuristic vision to facilitate academicians and supply chain managers towards developing an understanding of overall scenario of implementation of vendor managed inventory.
Mentzer, John T., William DeWitt, James S. Keebler, Soonhong Min, Nancy W. Nix, Carlo D. Smith and Zach G. Zacharia, 2001, “Defining supply chain Management”, Journal of business logistics, 22 (2),1-25
Ireland, R.K & Crum, C., 2005, Supply Chain Collaboration; How to implement CPRF and other collaborative practices, J. Ross Publishing, Florida, inc., Boca Reton,FL.,2005
Småros, J., Lehtonen, J-M, Appelqvist, P. and Holmström, J., 2003, “The impact of increasing demand visibility on production and inventory control efficiency”, International Journal of Physical Distribution & logistics Management, 33 (4), 336-354.
Guillaume Marques, Jacques Lamothe, Caroline Thierry, Didier Gourc, Vendor Managed inventory, from concept to processes, for an united view, B. MONTREUIL & J. RAPPOLD. ILS 2008 - 2nd International Conference on Information Systems, Logistics, and Supply chain, May 2008, United States, University of Wisconsin, 536-546.
Andrew Blatherwick, 1998, “Vendor‐managed inventory: fashion fad or important supply chain strategy?” Supply Chain Management: An International Journal, 3 (1), 10-11.
Tyan, J. and Wee, H.M. 2003, “Vendor managed inventory: a survey of the Taiwanese grocery industry”, Journal of Purchasing & Supply Management, 9 (1), 11-18.
Kumar Sanjay, Parashar Neeraj and Haleem Abid, 2009, “Analytical Hierarchy Process Applied to Vendor Selection Problem: Small Scale, Medium Scale and Large Scale Industries”, Business Intelligence Journal, 2 (2), 355-362.
Kuk Gorge, 2004, “Effectiveness of vendor-managed inventory in the electronics industry: determinants and outcomes” Information & Management, 41, 645-654.
Waller, M., Johnson, M. E., & Davis, T., 1999, Vendor-managed inventory in the retail supply chain, Journal of Business Logistics, 20 (1), 183-203.
Childerhouse, P. and Towill, D., 2000, “Engineering supply chains to match customer requirements”, Logistics Information Management, 13 (6), 337-45.
Senge, P. M., 1990, the fifth discipline: The Art and science of the learning organization. New York: Currency Doubleday.
Disney, S.M., 2001, the production and inventory control problem in vendor managed inventory supply chains, Ph.D. Thesis, Cardiff Business School, and Cardiff University, UK.
Kumar Sanjay and Haleem Abid, 2008a, “Bullwhip Effect: A Brief Review”, International Review of Mechanical Engineering, 2 (1), 20-26.
Kumar Sanjay and Haleem Abid, 2008b, “Understanding Bullwhip Effect: A Literature Review Approach”, Invertis Journal of Science and Technology, 1 (4), 231-240.
Kumar Sanjay and Haleem Abid, 2006,” Bullwhip Effect: Effect on Supply Chain Performance”, Proceedings of National Conference on Emerging Trends in Technology and Management , Feb 18-19, GLAITM, Mathura, 98-105.
Haleem Abid, Kaushik Avnish and Kumar Sanjay, 2007, “Modeling Bullwhip Effect and Understanding the Role of Information Sharing, Flexibility with Business Excellence in Knowledge Economy”, Proceedings of 7th Global Conference on Flexible Systems Management, GlOGIFT, Noida, 386-397.
Haleem Abid and Kumar Sanjay, 2007, “Effective Information Sharing for Reducing Bullwhip Effect: A Simulation Based Study”, International Journal of Computer Science and System Analysis, 1 (2), 111-128.
Haleem Abid, Kumar Sanjay and Aggarwal Vijay Kumar, 2008, “Supply Chain and Beer Game: Statistical Analysis Using Simulated Data”, GLOGIFT 08, Eighth Global Conference on Flexible Systems Management, Flexible Enterprise for Global Business, Stevens Institute of Technology, Hoboken, New Jersey, USA, 1-16.
Kaipia, R., Holmström, J., Tanskanen, K., 2002, “VMI: What are you losing if you let your customer place orders?” Production Planning & Control, 13 (1), 17-25.
Andel, T., 1996, Manage inventory, own information. Transport and Distribution 37 (5), 54–58.
Y Dong, K Xu, 2002, “A supply chain model of vendor managed inventory”, Transportation Research Part E, 38, 75–95.
Gerber N., 1991. “Objective comparisons of consignment, just-in-time, and stockless”. Hospital Material Management Quarterly, 13 (1), 10–17.
Burke, M., 1996, “It’s time for vendor managed inventory”. Industrial Distribution 85 (2), 90.
Cottrill, K., 1997, “Reforging the supply chain”, Journal of Business Strategy, 18 (6), 35–39.
Disney .M.S and Towill .R.D, 2003, “The effect of vendor managed inventory (VMI) dynamics on the Bullwhip Effect in supply chains”, Int. J. Production Economics, 85, 199–215.
Lee H.L., 2004, “The triple A supply chain”, Harvard Business Review, 82 (10), 102-12.
Kumar, P. and Kumar, M., 2003, “Vendor managed inventory in retail industry”, White Paper, Tata Consultancy Services.
Vergin, R.C. and Barr, K., 1999, “Building competitiveness in grocery supply chain through continuous replenishment planning: insights from the field”, Industrial Marketing Management, 28 (2), 145-53.
Xu, K., Dong, Y. and Evers, P.Y., 2001, “Towards better coordination of the supply chain”, Transportation research part E, Logistics and Transportation Review, 37 (1), 35-54.
Aichlmayr, M., 2000, “DC mart: who manages inventory in a value chain?”, Transportation and Distribution , 41 (10), 60-4.
Holström, J., 1998, “Implementing vendor managed inventory the efficient way: a case study of partnership in the supply chain”, Production and Inventory Management, 39 (3), 1-5.
S.M. Disney, D.R. Towill, 2003, “the effect of vendor managed inventory (VMI) dynamics on the Bullwhip Effect in supply chains”, Int. J. Production Economics 85, 199-215.
Disney, S.M., Naim, M.M. and Potter, A., 2004, “Assessing the impact of e-business on supply chain dynamics”, International Journal of Production Economics, 89 (2), 109-18.
Gerald Reiner, Michael Trcka, 2004, “Customized supply chain design: Problems and alternatives for a production company in the food industry. A simulation based analysis”, Int. J. Production Economics, 89, 217–229.
Kumar, S., Luthra, S. and Haleem, A., 2014,” Critical Success Factors of Customer Involvement in Greening the Supply Chain: An Empirical Study”. International Journal of Logistics Systems and Management, 19 (3), 283-310
Kumar S., Luthra S., and Haleem A., 2013, “Customer involvement in greening the supply chain: an interpretive structural modeling methodology”, Journal of Industrial Engineering International, 9 (1), 1-13
Sunil Luthra, Sanjay Kumar, Abid Haleem and Dixit Garg, 2014,Sustainability in Supply Chain: A New Emerging Research Area in India, NCRAEST 2014- National Conference on Recent Advances in Engineering, Science and Technologies, International Institute of Technology & Business, International Group of Institutions, Sonepat, Haryana, India on April 21, 2014.
Luthra S., Manju, Kumar S. and Haleem A., 2010, Suggested implementation of the green supply chain management in automobile industry of India: A review. Proceedings of National Conference on ‘Advancements and Futuristic Trends of Mechanical and Industrial Engineering, GITM, Bilaspur (India), 12-13 Nov., 2010;
Luthra S., Kumar V., Kumar S., Haleem A., 2010, “Green Supply Chain Management Issues: A Literature Review Approach”. Journal of Information, Knowledge and Research in Mechanical Engineering, 1(1), 12-20.
Kumar S., Kumar S. and Gahlot P., 2011-12, Green Practices in Indian Automobile Supply Chain; Factors Important for Implementation. Journal of Information, Knowledge and Research in Mechanical Engineering, 2(1), 156-162.
Luthra S., Kumar V., Kumar S., Haleem A., 2011, “Barriers to Implement Green Supply Chain Management in Automobile Industry using Interpretive Structural Modeling Technique-An Indian Perspective”. Journal of Industrial Engineering and Management, 4 (2), 231-257. doi:10.3926/jiem.2011.v4n2.p231-257).
Luthra S., Garg D., Kumar S., Haleem A., 2012, “Implementation of the Green Supply Chain Management in Manufacturing Industry in India using Interpretive Structural Modeling Technique”. BPR Technologia: A Journal of Science, Technology & Management, 1(1), 1-17, ISSN: 2278-8387.
Kumar Sandeep, Kumar Sanjay, Gahlot Pardeep, Haleem Abid, 2013, “Analysis of Interdependence Among the Enablers of Green Concept Implementation in Indian Automobile Supply Chain”, Journal of Engineering Research and Studies, 4(2), 05-11.
Sunil Luthra, Sanjay Kumar, Dixit Garg,, Abid Haleem, 2015, “Barriers to Renewable/Sustainable Energy Technologies Adoption: Indian Perspective, Renewable & Sustainable Energy Reviews”, Volume 41, January 2015, 762–776.;
Luthra, S., Kumar, S., Garg, D. and Haleem, A., 2014, Renewable energies in India: Assessing current scenario and future implications, International Conference on Advancements in Mechanical Engineering (ICAME-2014) at Department of Mechanical Engineering, Al-Falah University, Dhauj, Faridabad on August 07-08, 2014).
Kumar N., Kumar S. and Gahlot P., 2011-12, “Critical Factors in Lean Manufacturing System Implementation in Indian Automobile Industry”. Journal of Information, Knowledge and Research in Mechanical Engineering, 2(1), 143-155. ISSN: 0975-668X.;
Kumar Naveen, Luthra Sunil, Kumar Sanjay, Haleem Abid, 2013,” Facilitating Lean Manufacturing System Implementation: Role of Top Management”, International Journal of Advances in Management and Economics (IJAME), 2(3), pp 01-09. www.managementjournal.info.
Kumar Naveen, Kumar Sanjay, Haleem Abid, Gahlot Pardeep, 2013, “Implementing Lean Manufacturing System: ISM Approach, Journal of Industrial Engineering and Management”, 6 (4), 996-1012.
Kumar, S., Luthra, S., Garg, D. and Haleem, A., 2014, Lean six sigma implementation: An analytic hierarchy process approach, NITIE-POMS Conference 2014 Manufacturing Excellence: Imperatives for Emerging Economies at National Institute of Industrial Engineering, Vihar Lake, Mumbaion December 18-21.
Kumar S., Kumar N., Luthra, S. and Haleem, A., 2013, Brief Review of Important Enablers of Lean Six Sigma Implementation, International conference on Smart Technologies for Mechanical Engineering, at Delhi Technological University, New Delhi on October 25-26, 2013.
Kumar S., Kumar N. and Haleem A., 2015, Conceptualization of Sustainable Green Lean Six Sigma (SGLS): An Empirical Analysis, International Journal of Business Excellence, 8(2), 210–250.
Kumar S., Kumar N. and Haleem A., 2014, Contributions in Research in the Field of Innovation Management: Analysis of Critical Success Factors, Benefits and Risks, International Journal of Quality and Innovation, 2 (3/4), 310–337.
Singh V., Bhudhiraja A., Kumar S. and Haleem A., 2013, Identification of Enablers of Knowledge Management: Literature Review Approach, International Conference on Advances in Mechanical and Computer Engineering, GITM, Bilaspur (India), 18-19 Jan, 2013.
Kumar S. and Haleem A., 2014, Knowledge Management in Indian Manufacturing Industry: Identification and Modeling of Enablers, Data Mining and Knowledge Engineering, 6(7), April-June, 2014, 298-306.
Kumar S., Ahlawat V. and Haleem A., 2014, Knowledge Management-Enablers and Barriers: A Questionnaire Based Study, International Journal of Knowledge Engineering and Data Mining, 3 (1), 31–57.
Kumar, S., Luthra, S., Haleem, A. and Garg, D., 2014, Significance of knowledge management in operations management. XVIII Annual International Conference of the Society of Operations Management, Department of Management Studies, Indian Institute of Technology, Roorkee, India on December, 12-14.
Vinay Singh, Sanjay Kumar, Sunil Luthra and Abid Haleem, 2014, Knowledge Management (KM) Capabilities Towards Organizational Capabilities, NCRAEST 2014- National Conference on Recent Advances in Engineering, Science and Technologies, International Institute of Technology & Business, International Group of Institutions, Sonepat, Haryana, India on April 21, 2014.
Vinay Singh, Sanjay Kumar, Sunil Luthra and Abid Haleem, 2014, Performance Measures of Knowledge Management(KM) :Identification Towards Excellence, Proceedings of National conference on recent advances in Science ,Engineering and Technology, Delhi Technical Campus, Haryana, India on March 29, 2014, 58-63, ISBN: 978-93-5156-647-2.
Kumar, S., Luthra, S., Haleem, A., Garg, D. and Singh, S., 2014, Understanding requisites of product innovation management: An ISM approach. 11th World Congress of Academy for Global Business Advancement (AGBA), Indian Institute of Technology, Delhi, India on November, 21-23.
Kumar, S., Luthra, S., Haleem, A. and Garg, D., 2014, Identifying Innovation Management Performance Indicators, NCRAEST 2014- National Conference on Recent Advances in Engineering, Science and Technologies, International Institute of Technology & Business, International Group of Institutions, Sonepat, Haryana, India on April 21.
Kumar S., Parveen and Haleem A., 2014, Modeling of Barriers to Technology Transfer Implementation Using System Approach, Udyog Pragati, 38 (2), April-June, 2014, 1–11.;
Kaushik, A., Kumar, S., Luthra, S. and Haleem, A., 2014, Technology Transfer: Enablers and Barriers-A Review. International Journal of Technology, Policy and Management, 14 (2), 133–159 (Inderscience Publishers).
Parveen Rathee, Sanjay Kumar, Deepak Bhardwaj, Abid Haleem, 2013,
Barriers in Technology Transfer: A Brief Review, International
Journal of Research in Information Technology, 1 (8), 230-235.
Kumar S., Duhan M. and Haleem A., 2015, Mining of Factors to Enhance Productivity in Manufacturing Sector, Data Mining and Knowledge Engineering, 7 (3), 128-130.
Kumar, S., Garg, D., Luthra, S., and Haleem, A., 2014, Drivers of Poka Yoke in Indian automobile industry, International Conference on Advancements in Mechanical Engineering (ICAME-2014) at Department of Mechanical Engineering, Al-Falah University, Dhauj, Faridabad on August 07-08.
A. Rathee, S. Kumar, A. Haleem, 2013, Identification of Barriers of Poka-Yoke: A Review, Proceedings of National Conference on Futuristic Trends in Mechanical Engineering & Nano Technology held on 15-16 Nov., 2013, Rawal Institute of Engineering & Technology, Faridabad, 156-161.
Ajay Rathee, Sanjay Kumar, Deepak Bhardwaj, Abid Haleem, 2013,
Identification of Enablers of Poka-Yoke: A Review, International
Journal of Research in Information Technology, 1 (8),
Kumar S., 2014, Some Application of Analytic Hierarchy Process, Data Mining and Knowledge Engineering, 6 (9), 382-384.
Kumar, S. Luthra S. and Haleem A., 2015, Benchmarking Supply Chains by Analyzing Technology Transfer Critical Barriers Using AHP Approach. Benchmarking: An International Journal, 22 (4), 538-558
Kumar Sanjay, 2014, Contextual Interactions Analytic Hierarchy Process (CIAHP): Introduction and Application to Analyze Interactions among Knowledge Management Implementation Capability (KMIC) Factors, International Journal of Knowledge and Learning, 9 (3), 242-263.
Kumar S., 2015, Brief about Applications of Interpretive Structural Modeling, Data Mining and Knowledge Engineering, 7 (3), 108-110.
- There are currently no refbacks.
This work is licensed under a Creative Commons Attribution 3.0 License.