Abstract: Manufacturers always implement VMI to decrease inventory and heighten inventory turnover. Partnership in an atmosphere of trust,information technology infrastructure and supplier owned inventory are key factors to carry out VMI program while these are not the necessary conditions. Manufacturer's major aims to implement VMI are to reduce inventory cost and postpone payment cycle. In a long term,the VMI mechanism is benefit to cut down the inventory in the whole supply chain. No VMI programs will success without corresponding culture,right product and good assessment system.
Publication Year: 2005
Publication Date: 2005-01-01
Language: en
Type: article
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