Pyke, Professor of Operations and Supply Chain Management at the University of San Diego’s School of Business, has published numerous academic research papers on operations strategy and supply chain management and co-authored the 2017 book "Inventory and Production Management in Supply Chains". The expert explains: Vendor Managed Inventoryĭavid F. Six cost-cutting strategies for airlines in this article. The customer shares consumption data with the distributor who’s then able to continuously monitor, optimize and maintain the agreed upon inventory plan. Vendor managed inventory means that the distributor or supplier is responsible for maintaining and optimizing the inventory levels of the customer, usually at the customer’s desired location. But how do you make the most of VMI and what are the advantages of disadvantages of vendor managed inventory ?Īs more and more airlines look toward vendor managed inventory programs to create a lean supply chain, the traditional supply chain equation is under pressure.īut what exactly is vendor managed inventory? Vendor managed inventory is an inventory management solution that offers a cost-efficient way of handling inventory. By handing over the full responsibility of inventory management to a distributor or supplier, vendor managed inventory allows airlines and MROs to increase margins by cutting overall costs.
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