What are the most important factors for implementing a vendor-managed inventory system?
Vendor-managed inventory (VMI) is a supply chain strategy that allows the supplier to monitor and replenish the customer's inventory based on agreed-upon levels and forecasts. VMI can reduce costs, improve service, and enhance collaboration for both parties, especially in the automotive manufacturing industry, where demand fluctuations, product variety, and quality standards are high. However, implementing a VMI system requires careful planning and consideration of several factors that can affect its performance and sustainability. In this article, we will discuss some of the most important factors for implementing a VMI system in the automotive manufacturing context.
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Joven "Jovy" J. JaderTrusted Supply Chain Advisor | Management Consultant | Book Author | Speaker | 2021 Top ?? Filipinos on LinkedIn |…
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Theresa A. RowlandGlobal E2E Life Science Supply Chain/GMP Manufacturing/CMO Mgt/Global Logistics/Trade Compliance/Facilities…
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SYED SAADAT HUSSAIN MBA Marketing, MBA Supply Chain, CPMP NEDDeputy General Manager/Head of Supply Chain Management at Aisha Steel Mills Limited