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DEVELOPMENT OF A SPREADSHEET BASED …
DEVELOPMENT OF A SPREADSHEET BASED VENDORMANAGED inventory MODEL FOR A SINGLE ECHELONSUPPLY chain : A CASE STUDYA rumugam Mahamani and Karanam Prahlada RaoaSudharsan Engineering College,Pudukkottai-622501(TN), IndiabJNTU College of Engineering, Anantapur-515002 ( ), India(Received 12 February 2010; accepted 12 June 2010)AbstractVendor managed inventory (VMI) is a supply chain initiative where the supplier assumes theresponsibility for managing inventories using advanced communication means such as onlinemessaging and data retrieval system. A well collaborated vendor manage inventory system canimprove supply chain performance by decreasing the inventory level and increasing the fill rate. Thispaper investigates the implementation of vendor managed inventory systems in a consumer goodsindustry. We consider (r, Q) policy for replenishing its inventory .
DEVELOPMENT OF A SPREADSHEET BASED VENDOR MANAGED INVENTORY MODEL FOR A SINGLE ECHELON SUPPLY CHAIN: A CASE STUDY Arumugam Mahamani and Karanam Prahlada Rao
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