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

fYear

2010

fDate

22-23 May 2010

Firstpage

1

Lastpage

4

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;

fLanguage

English

Publisher

ieee

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

Type

conf

DOI

10.1109/IWISA.2010.5473560

Filename

5473560