Please use this identifier to cite or link to this item: http://hdl.handle.net/11718/14049
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dc.contributor.authorParikh, Vinay A.
dc.contributor.authorBhatt, Mangal G.
dc.date.accessioned2015-07-10T04:49:28Z
dc.date.available2015-07-10T04:49:28Z
dc.date.issued2015
dc.identifier.citationParikh, V. A., Bhatt, M. G.. (2015). Vendor Managed Inventory (VMI) Practice: Some Insight Through Fresh Pilot Exploration From Indian Industries. 4th IIMA International Conference on Advanced Data Analysis, Business Analytics and Intelligence.Indian Institute of Management, Ahmedabaden_US
dc.identifier.urihttp://hdl.handle.net/11718/14049
dc.description.abstractIndia is now-a-days considered as a fast developing country and earning the fruits of liberalization. Vendor-Managed Inventory (VMI) is a family of business models in which buyer of a product provides certain information to a vendor (Supply Chain) supplier of that product and the supplier takes full responsibility for maintaining an agreed inventory of the material, usually at the buyer’s consumption location. Here an effort has been to identify various research constructs like supplier selection for VMI parts, Information, stages where supply chain inventory held, were identified among several Indian Industries in order to verify the VMI concept as a fresh pilot exploration. Various benefits of VMI models were derived as well as several organizational objectives achieved through VMI like customer service improvement, improvement in profit margin, improvement in rate of return etc. Strategic drivers like competition, shorter product life cycle, corporate restructuring were viewed with obstacles like ineffective organizational structure, lack of suitable IT infrastructure. Result shows that 25% Industries adopted VMI at Full-fledged and 75 % adopted it partially. VMI model is on an average 63% beneficial to Reduction in transaction and 50 % each for Leveling in production process and inbound quality performance. It is concluded that lack of mutual understanding amongst partners and lack of decision making tools are the major obstacles for adoption.en_US
dc.language.isoenen_US
dc.publisherIndian Institute of Management, Ahmedabaden_US
dc.relation.ispartofseriesIC 15;071
dc.subjectVendor Managed Inventoryen
dc.subjectSupply Chain Managementen
dc.subjectSurveyen
dc.subjectInventory Application Field: - Supply Chain Managementen
dc.titleVendor Managed Inventory (VMI) Practice: Some Insight Through Fresh Pilot Exploration From Indian Industriesen_US
dc.typeArticleen_US
Appears in Collections:4th IIMA International Conference on Advanced Data Analysis, Business Analytics and Intelligence

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