Title :
The Application of Vendor Managed Inventory in Supply Chain Management: Panasonic Electric Work - Wanbao (Guangzhou) Co. Ltd. as a Case
Author :
Li Jun ; Fu Xinhong
Author_Institution :
Coll. of Economic & Manage., Sichuan Agric. Univ., Ya´an, China
Abstract :
Vendor Managed Inventory (VMI) model is an effective way to integrate resources in supply chain management, but many scholars believe that VMI is more conducive to the demand-side than to the supply-side. This paper chooses Panasonic Electric Work - Wanbao (Guangzhou) Co. Ltd. as an example, and analyzes the application of VMI in the supply chain management. By expounding the problems in the traditional inventory management, and evaluating the effectiveness of VMI, the author concludes that VMI is a win-win approach to the supply chain. VMI could reduce the overall inventory costs, and improve efficiency and service levels of the whole supply chain.
Keywords :
cost reduction; industrial economics; inventory management; supply and demand; supply chain management; Panasonic Electric Work Wanbao (Guangzhou) Co. Ltd; cost reduction; supply chain management; supply-and-demand; vendor managed inventory; Costs; Economic forecasting; Environmental economics; Environmental management; Inventory management; Marketing and sales; Raw materials; Resource management; Supply chain management; Supply chains;
Conference_Titel :
Intelligent Systems and Applications (ISA), 2010 2nd International Workshop on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-5872-1
Electronic_ISBN :
978-1-4244-5874-5
DOI :
10.1109/IWISA.2010.5473560
