Vendor Managed Inventory (VMI) is one of the inventory management strategies that reduce costs, increase responsiveness and improve collaboration between the members of supply chain. Although the VMI can reduce response time and deterioration in perishable supply chain (PSC), but there is a few reports on using VMI for PSC. In this paper VMI strategy is used for managing the inventory of perish...

A vendor managed system with the Consignment Stock agreement is a business practice where a buyer's inventory remains the property of the vendor until its withdrawal by the final customer demand. Such an agreement has shown to be a profitable stock management approach, especially when operating in uncertain environments where delivery lead times and/or market demand vary over time. One main iss...

This paper deals with the determination of production-shipment policy for an integrated vendor-buyer system. The inventory model contains two decision variables: the replenishment lot size and the number of deliveries. This paper solves the inventory model considering two cases: 1) the replenishment lot size as continuous variable and the number of shipments as discrete variable, and 2) the rep...

This work is motivated by the need to solve the inventory routing problem when implementing a business practice called vendor managed inventory replenishment (VMI). With VMI, vendors monitor their customers’ inventories, and decide when and how much inventory should be replenished at each customer. The inventory routing problem attempts to coordinate inventory replenishment and transportation i...

We introduce a real-life problem faced by the blood bank of the Austrian Red Cross for Eastern Austria: how to cost-effectively organize the periodic delivery of blood products to Austrian hospitals. We present various solution approaches, based on integer programming and variable neighborhood search, and empirically evaluate their performance. Moreover, we study the potential value of switchin...

VMI (Vendor Managed Inventory) system is known as an effective mechanism to reduce the bullwhip effect between suppliers and buyers, by switching the responsibility of inventory management from buyers to suppliers. Although most attempts of VMI implementation have been successful, there were some failure cases such as in South Korea. VMI system was beneficial only to the buyer and hurt the long...

Reducing inventory levels is a major supply chain management challenge in automobile industries. With the development of information technology new cooperative supply chain contracts emerge such as Vendor-Managed Inventory (VMI). This research aims to look at the literature of information management of VMI and the Internet of Things, then analyzes information flow model of VMI system. The paper...