Provide a short overview of vmi and its benefits

Assignment Help Operation Management

Reference no: EM133631416

Discussion Post: Vendor-Managed Inventory

Vendor-Managed Inventory (VMI) puts the responsibility for inventory management on the manufacturer instead of the retailer. However, for VMI to work, the manufacturer must have access to retailer sales and inventory data, something that a lot of firms are not willing to share. However, VMI has many benefits.

Task

Provide a short overview of VMI and its benefits, then conduct an Internet search for a firm that uses VMI and outline how the firm uses VMI to their advantage.

Post and Engage

Post your initial response no later than the fourth day of the module week and return later in the week to respond to at least two of your peers. A minimum of two replies is required.

Engage and express critical thinking through your responses to promote an interactive learning experience. The minimum and maximum word limits for the initial post are 250 and 500 words respectively.

Reference no: EM133631416

Questions Cloud

What sections are missing from the document : What sections are missing from this document? What are the remaining areas which may need to be refined to prevent scope creep?

Competitive advantage over company competitors : Has decided to take a value network approach to create a competitive advantage over the company's competitors.

Pros and cons of using third world labor to produce products : Discussing the pros and cons of using third world labor to produce products that are consumed in the U.S. Ensure the work is grounded in literature.

Developing strategies to mitigate each issue : Developing strategies to mitigate each issue is the risky part of the project. What if the business team does not agree on how you'll solve issues?

Provide a short overview of vmi and its benefits : Provide a short overview of VMI and its benefits, then conduct an Internet search for a firm that uses VMI and outline how the firm uses VMI to their advantage.

Identify the commonalities of the pillars : Identify the commonalities of the pillars described in the three resources. what might happen in the Systems Pillar to disrupt change?

What communication tactics did the organization use : What communication tactics did the organization use to address the crisis? Refer to both Jack's and Warren's guidance for dealing with crises.

Organization safety and health efforts : Fear or lack of trust can be a significant barrier to getting employees involved in an organization's safety and health efforts.

What is the difference between an activity and work package : What is the difference between an activity and a work package? Why is it important to have a team member play devil's advocate when developing Activities?

User Account

All Pages