Λεπτομέρειες βιβλιογραφικής εγγραφής
| Τίτλος: |
Can vendor-managed inventory (VMI) reduce inventory and stockouts simultaneously? |
| Συγγραφείς: |
Lee, Jun-Yeon1 (AUTHOR) junyeon.lee@csun.edu, Cho, Richard K.2 (AUTHOR), Paik, Seung-Kuk1 (AUTHOR) |
| Πηγή: |
INFOR. Aug2026, Vol. 64 Issue 3, p620-648. 29p. |
| Θεματικοί όροι: |
*Vendor-managed inventory, *Inventory shortages, *Inventory control, *Stochastic models, *Supply chain management, Demand forecasting |
| Περίληψη: |
Vendor-managed inventory (VMI) is a supply chain practice where the supplier manages the inventory at the customer and makes replenishment decisions. This paper first provides a systematic literature review on the benefits of VMI to show that most of the analytical studies focus on cost reduction from VMI, while empirical and simulation studies have reported various benefits, including lower inventory and fewer stockouts, which seem difficult to achieve simultaneously. Motivated by this, we then present and study an exact analytical model to measure inventory and stockouts under VMI and RMI (Retailer-Managed Inventory). The model considers a supply chain of a supplier and a retailer, where a continuous-review (Q, r) policy is used to meet demands at the retailer. Both deterministic and Poisson demand cases are examined. With deterministic demands, this study provides a necessary condition for VMI to reduce both inventory and stockouts. With Poisson demands, our computational results suggest that VMI may be able to achieve both lower inventory and fewer stockouts, but only when the ordering efficiency is improved or the replenishment leadtime is reduced under VMI. Our study sheds light on the importance of ordering efficiency improvement and leadtime reduction in VMI implementation. [ABSTRACT FROM AUTHOR] |
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| Βάση Δεδομένων: |
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