Click HERE to link to the ProQuest data base or click directly on the journals below to locate and read the following articles related to Vendor Managed Inventories:
Saxena, Rajiv (2009 Jul) Vendor Managed Inventory, Industrial Engineer, Norcross: Vol. 41, Iss7, pg. 20
Wheatley, Malcom (2008 Apr) Automating Vendor Managed Inventory in the Ultracompetitive Papermaking Industry, Manufacturing Business Technology, Highlands Ranch: Vol. 26, Iss. 4, pg 20
Brand, David (2009 Sep) Supply Chain Dream Comes True, Industrial Engineer, Norcross: Vol. 41, Iss. 9, pg. 52
After reading the above articles answer the following questions in a 3-4 page paper:
Discuss the decision criteria that should be considered when assessing the pros and cons of entering into a Vendor Managed Inventory arrangement with major suppliers?
Does a Vendor Managed Inventory system support a “lean” approach to supply chain management? Explain!
Has globalization of supply chains encouraged or discouraged Vendor Managed Inventories?
Why is information technology such an important element when entering into a VMI agreement? Explain using examples from Eka Chemicals and Interfast.
Submit your assignment to CourseNet for grading by the end of this module
It is anticipated that the paper will demonstrate critical thinking skills, clarity of thought, and breadth of understanding in addressing the role of inventory management in an organization. Expectations focus on the work showing an understanding of how effective inventory management benefits an organization and why it is important to optimize the turnover rate. Specific elements of the assignment assess if the work exhibits critical thought, analytical thinking, and logic skills in determining how and if a Vendor Managed Inventory is a feasible option for achieving effective inventory management objectives.
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