Exploring the benefits of vendor managed inventory

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dc.contributor.authorSari K.
dc.date.accessioned2024-03-13T10:01:12Z
dc.date.available2024-03-13T10:01:12Z
dc.date.issued2007
dc.departmentİstanbul Beykent Üniversitesien_US
dc.description.abstractPurpose - The purpose of this paper is to explore the performance increase achieved by vendor managed inventory (VMI) under different levels of outside supply capacity, demand uncertainty, and lead time. Design/methodology/approach - The study uses discrete event simulation to explore the performance increase achieved by VMI under different supply chain scenarios. Findings - The analysis suggests that when implementing a VMI program, the capacity restrictions of suppliers have to be taken into consideration even though they have not participated in the program. Furthermore, the results also show that unless the retailer provides additional information to the distributor to resolve the uncertainty, higher levels of uncertainty in market demand create significant reductions in the savings realized by VMI. Finally, this study proves that, regardless of lead time horizons, VMI provides nearly the same level of performance increase as long as the ratio of the retailer's lead time to that of the supplier's remains constant. Practical implications - This analysis provides a means for practitioners to understand the impact of various environmental and operational factors on the performance increase achieved by VMI so they can better analyze their specific business conditions to prepare their organizations for more successful VMI programs. Originality/value - Although there is a range of research focusing on VMI, only a few of those have tried to identify the factors that play an important role in the failure of VMI programs. While extending the current literature, this is the first study to explore the impact of outside supply capacity on the performance improvements achieved by VMI. © Emerald Group Publishing Limited.en_US
dc.identifier.doi10.1108/09600030710776464
dc.identifier.endpage545en_US
dc.identifier.issn0960-0035
dc.identifier.issue7en_US
dc.identifier.scopus2-s2.0-34547650425en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage529en_US
dc.identifier.urihttps://doi.org/10.1108/09600030710776464
dc.identifier.urihttps://hdl.handle.net/20.500.12662/3032
dc.identifier.volume37en_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.relation.ispartofInternational Journal of Physical Distribution and Logistics Managementen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectInformation strategyen_US
dc.subjectInventory managementen_US
dc.subjectSimulationen_US
dc.subjectSupply chain managementen_US
dc.subjectVendor relationsen_US
dc.titleExploring the benefits of vendor managed inventoryen_US
dc.typeArticleen_US

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