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Essay / Research Paper Abstract
A 15 page paper discussing the benefits and issues surrounding Vendor Managed Inventory (VMI). As JIT has been able to provide manufacturers with cost and operational advantages, VMI does the same for retailers and distributors. There was question in the early years of whether VMI would be a benefit or merely another costly burden that companies would have to take on in order to deal with powerful retailers, but the benefits it brings should outweigh the costs of any burdens it creates. Bibliography lists 10 sources.
Page Count:
15 pages (~225 words per page)
File: CC6_KSmgmtVendMgdInv.rtf
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Unformatted sample text from the term paper:
service during World War II, John Conner took a job at Kerns Bakery in East Tennessee in 1943, the same company he retired from decades later. At the time
he retired, he was supervising those doing the job he originally did himself: servicing the grocery stores on his bread route. It was Johns 1943 job to pick
up his loaded bread truck at 4 A.M.; travel to each grocery store and restaurant on his route; check the merchants inventory of Kerns bread; and replenish the shelves for
the days business. Not much has changed in the commercial bakery business over the last 60 years, at least in terms of how
retailers inventory is managed. Many other types of businesses have adopted the vendor managed inventory (VMI) model, however. Commercial bakery distribution deals in highly perishable merchandise and it
is impossible for retailers to store large inventories. This is not the case with distributors of womens clothing; lawn tractors or other items that are not perishable. The
problem for retailers of these items is that if they are storing large volumes of inventory, then they also have large sums of capital invested in that inventory. Not
only are they prevented from using that capital in other ways, they also risk not being able to sell the inventory they already have in their possession. When retailers
can require that suppliers manage the inventory purchased from them, then the retailers overhead costs decline immediately. In this day of increased competition and need to operate as efficiently
as possible, every successful distributor is behooved to decrease their own costs wherever possible. Thus suppliers become responsible for managing clients inventory of the products that each supplier furnishes.
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