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| Seminar on October 16, 2009 |
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Department of Industrial
Engineering
Seminar
Friday, Oct. 16th, 2009, 4:00 pm
IE Building, Blue Auditorium
(Ground Floor)
An
Analysis of Manufacturer Benefits under Vendor Managed Systems
Seçil Savaşaneril
Industrial
Engineering Department
Vendor Managed Inventory (VMI) is a collaborative process between a supplier/manufacturer and a manufacturer/distributor/retailer, where the manufacturer gains access to the demand and inventory information at the retailer and uses this information to "better" manage the retailer's inventory. VMI has attracted a lot of attention due to its benefits such as fewer stock-outs, higher sales and lower inventory levels at the retailers, and starting 1980's has been adopted by many supply chains.
Vendor Managed Availability (VMA) is an improvement that exploits the advantages beyond VMI. We complement VMA by analyzing the benefits beyond information sharing and by clearly assessing the motivation for the manufacturer (vendor) behind joining to such a program. Our main findings include, (i) the vendor managed system indeed brings benefits apart from information sharing, (ii) capacity management has significant impact on benefits, (iii) consigning stock may be more preferable than not consigning it, and (iv) under vendor managed system decreased dispatch frequencies may result in decreased inventory levels.
This is a joint work with
Nesim Erkip.
Secil Savasaneril received her B.S. degree in
Industrial Engineering from the
Refreshments: 3:45 p.m
Tel: 312 210 22 64 Fax: 312 210 47 86
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