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Retail supply chain and vendor managed inventory system: a review

Link to publisher's homepage at http://ijbt.unimap.edu.my/

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Main Authors: Sohel Rana, S.M., Abdullah, Osman, Md. Aminul Islam
Other Authors: smsohelrana@ymail.com
Format: Article
Language:English
Published: School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis (UniMAP) 2015
Subjects:
Vendor managed inventory
Retailing
Supply chain management
Replenishment
Online Access:http://dspace.unimap.edu.my:80/xmlui/handle/123456789/40021
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spelling my.unimap-400212016-07-21T02:16:09Z Retail supply chain and vendor managed inventory system: a review Sohel Rana, S.M. Abdullah, Osman Md. Aminul Islam smsohelrana@ymail.com abdullahosman@unimap.edu.my amin@unimap.edu.my Vendor managed inventory Retailing Supply chain management Replenishment Link to publisher's homepage at http://ijbt.unimap.edu.my/ Vendor-managed inventory (VMI) is a new technique that has been popular for inventory management of retail supply chain. It is one of the most widely accepted partnering initiatives for improving multi-firm supply chain efficiency, also known as continuous replenishment or supplier-managed inventory. VMI partnership enables the suppliers to make vital decisions regarding inventory replenishment for retailers. Actually this VMI transfers the responsibility of inventory management from the retailers to the suppliers who may be obliged to meet a specific customer service goal. Implementation of VMI program offers a competitive advantage for retailers in terms of higher product availability and provides the supplier with opportunities to progress production and marketing efficiencies. Going into VMI contract may give the involved firms some benefits. But entering into a VMI can be challenging unless clear collaboration and communication between the manufacturer and supplier is established to ensure success. To be successful in VMI contract, it is necessary to ensure effective teamwork with strong participation by both manufactures and retailers. So before adopting VMI strategy in their supply chain, retailers should critically analyze its applicability. 2015-05-28T03:18:25Z 2015-05-28T03:18:25Z 2015-02 Article International Journal of Business and Technopreneurship, vol.5(1), 2015, pages 1-8 2231-7090 http://ijbt.unimap.edu.my/ http://dspace.unimap.edu.my:80/xmlui/handle/123456789/40021 en School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis (UniMAP)
institution Universiti Malaysia Perlis
building UniMAP Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Perlis
content_source UniMAP Library Digital Repository
url_provider http://dspace.unimap.edu.my/
language English
topic Vendor managed inventory
Retailing
Supply chain management
Replenishment
spellingShingle Vendor managed inventory
Retailing
Supply chain management
Replenishment
Sohel Rana, S.M.
Abdullah, Osman
Md. Aminul Islam
Retail supply chain and vendor managed inventory system: a review
description Link to publisher's homepage at http://ijbt.unimap.edu.my/
author2 smsohelrana@ymail.com
author_facet smsohelrana@ymail.com
Sohel Rana, S.M.
Abdullah, Osman
Md. Aminul Islam
format Article
author Sohel Rana, S.M.
Abdullah, Osman
Md. Aminul Islam
author_sort Sohel Rana, S.M.
title Retail supply chain and vendor managed inventory system: a review
title_short Retail supply chain and vendor managed inventory system: a review
title_full Retail supply chain and vendor managed inventory system: a review
title_fullStr Retail supply chain and vendor managed inventory system: a review
title_full_unstemmed Retail supply chain and vendor managed inventory system: a review
title_sort retail supply chain and vendor managed inventory system: a review
publisher School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis (UniMAP)
publishDate 2015
url http://dspace.unimap.edu.my:80/xmlui/handle/123456789/40021
_version_ 1643799239028899840
score 13.214268

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