DocumentCode :
2430613
Title :
A VMI model and its performance in supplier-driven supply chain
Author :
Li, QiuZheng
fYear :
2011
fDate :
8-11 Jan. 2011
Firstpage :
550
Lastpage :
553
Abstract :
This paper aims to analyze the effects of VMI on supply chain performance and announce the important function of VMI in promoting supply chain coordination, reducing costs and increasing profit. This research builds a VMI inventory decision model of supplier-driver supply chain. According to this model, VMI is found always to reduce the system´s(buyer and supplier together) and the buyer´s inventory related costs in the short-term, but the supplier´s inventory related costs varies. Under certain cost conditions between buyer and supplier, VMI can increase the system´s and the buyer´s profit. And the supplier´s profit can be increased under other conditions.
Keywords :
cost reduction; inventory management; profitability; supply chain management; VMI inventory decision model; VMI model; buyers profit; supplier-driven supply chain; vendor-managed inventory; Biological system modeling; Computer aided software engineering; Economics; Inventory management; Marketing and sales; Supply chains; VMI; inventory management; profit; supply Chain;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Management Science and Industrial Engineering (MSIE), 2011 International Conference on
Conference_Location :
Harbin
Print_ISBN :
978-1-4244-8383-9
Type :
conf
DOI :
10.1109/MSIE.2011.5707467
Filename :
5707467
Link To Document :
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