Vendor Managed Inventory

Paper Summary:

This paper discusses whether vendor managed inventory (VMI) is a stop-gap measure or is a permanent strategy on the part of suppliers, supply chain intermediaries and customers. It discusses the factors that have enabled the growth of VMI, particularly with regards to globalization trends. The paper also looks briefly at how to streamline and increase the level of visibility throughout supply chains.

Table of Contents:
Summary
Automating the Vendor Managed Inventory (VMI) Process
Conclusion

From the Paper:

"In addressing the question of whether Vendor Managed Inventory (VMI) is a stop-gap measure or is a permanent strategy on the part of suppliers, supply chain intermediaries and customers, it's critical to look beyond the cyclicality and recessionary conditions that were in effect when Scouras (1) wrote his article on VMI performance. Since 2002 when the article was written, VMI has become a mainstay of supply chain visibility, performance, and become integral to the development of distributed order management systems globally. The rapid globalization of supply chains and with it, the growth of multi-site manufacturing, sourcing, supply chain, and services locations globally all have been enabling factors of the growth of VMI. In response to these globalization trends there is also a major focus on how to streamline and increase the level of visibility throughout supply chains as well."

Sample of Sources Used:

• Askegar, Suleski. Vendor-Managed Inventory: Smart Investments Lead to Big Payoffs. Tuesday August 26, 2003. Vinay Askegar and Janet Suleski.
• Cecere & Martin. What is Demand Visibility? AMR Research Report. Published March 14, 2006. Lora Cecere and Roddy Martin.
• Scouras, Ismini. The Success of a VMI Program Depends on the Health of an Industry. Electronics Supply and Manufacturing. CMP United Business Media. Accessed from the Internet on June 20, 2007: http://www.my-esm.com/showArticle.jhtml?articleID=2916550

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