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International Journal of Applied Research
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ISSN Print: 2394-7500, ISSN Online: 2394-5869, CODEN: IJARPF

IMPACT FACTOR (RJIF): 8.4

Vol. 3, Issue 11, Part E (2017)

Vendor managed inventory in organizations- A conceptual framework

Vendor managed inventory in organizations- A conceptual framework

Author(s)
Venkatesha M
Abstract
Vendor Managed Inventory was first tested on a large scale by Procter & Gamble and retail giant Walmart in the 1980s. Walmart has been able to reap the larger benefits of VMI. The implementation of VMI can potentially provide benefits to both the vendor and the customer when properly applied. It all comes down to thinking through the process, making sure the benefits are real, and making sure there are enough controls in place to protect both parties. As an inventory management technique here a supplier of goods, usually the manufacturer, is responsible for optimizing the inventory held by a distributor. The present study is a conceptual study of the Vendor Managed Inventory in the organisations.
Pages: 276-280  |  991 Views  139 Downloads


International Journal of Applied Research
How to cite this article:
Venkatesha M. Vendor managed inventory in organizations- A conceptual framework. Int J Appl Res 2017;3(11):276-280.
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