discuss vendor managed inventory and how it is used within companies, what type of products are more appropriate for this method, and what are the advantages and disadvantages of this method. Use an example product to help illustrate your discussion.

Instructions

In Chapter 5, the topic of vendor managed inventory is presented with respect to an on-site supplier representative.  Research vendor managed inventory.  Then, discuss how it is used within companies, what type of products are more appropriate for this method, and what are the advantages and disadvantages of this method.  Use an example product to help illustrate your discussion.Your activity is to be a minimum of 2 complete pages in length.  Going over the minimum page length requirement is acceptable; however, I am not looking for a 5+ page activity.  You will be responsible for using a minimum of 2 scholarly/peer reviewed/professional sources.  You may reference your textbook; however, it will not fulfill the source requirement.

Answer

Vendor-Managed Inventory (VMI)Initially, buyers ordered items when they were about to ran out of stock. The move meant that suppliers had little time to produce the product, with the whole scenario resulting in problems in the supply chain. Vendor-Managed Inventory is a supply chain program, where the buyer and the vendor agree that the latter is authorized to manage inventory of agreed-upon items at the formers location (Darwish & Odah, 2010). In the model, the buyer agrees to provide certain information to the vendor concerning specific units, of a group of products, with the supplier taking full responsibility in maintaining agreed inventory levels. Under the Vendor-Managed Inventory (VMI), customers/buyers place an order against supplier with the help of the inventory plan. The sup...

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discuss vendor managed inventory and how it is used within companies, what type of products are more appropriate for this method, and what are the advantages and disadvantages of this method. Use an example product to help illustrate your discussion.

Instructions

Answer

Why we are Ranked the best

Hear from our customers

Shawn Richards Universiteit van Amst

Anthony Pezer Florida State University

Anush Thari Goenka University

Nek lean Louisiana State

Shawn Richards
Universiteit van Amst

Anthony Pezer
Florida State University

Anush Thari
Goenka University

Nek lean
Louisiana State