Managing Logistics Operations
Not what you're looking for?
Read article attached concerning vendor-managed inventory (VMI).
Is VMI just a stop gap measure or will it last when demand returns?
Purchase this Solution
Solution Summary
Managing Logistics Operations is discussed very comprehensively in this explanation..
Solution Preview
Is VMI just a stop gap measure or will it last when demand returns?
The vendor managed inventory is a stop gap measure and will not last when the demand returns. There are several reasons for this contention. The vendor managed inventory is system in which the supplier takes responsibility for maintaining inventory. Usually, this inventory is kept in a store and the retailer hopes to derive several advantages from this arrangement. The retailer hopes that there will not be stock-outs because the inventory has been managed by the supplier. Further, the vendor usually takes care of display and trains the store staff to handle the inventory properly. The store expects that since the vendor manages the inventory, in some cases the inventory should be owned by the vendor. The risk is divided between the store and the vendor. In some cases there are agreements that if a product is not sold for some ...
Education
- BSc , University of Calcutta
- MBA, Eastern Institute for Integrated Learning in Management
Recent Feedback
- "I read your comments, and thank you for this feedback. Do I need to find other studies that applied this methodology Ive used? That's where I'm stuck at."
- "Thank you kindly sir. "
- "Excellent and well explained. --Thank you kindly. "
- "Awesome notes. I appreciate you."
- "I have the follow-up project and I will assign that to you very soon. "
Purchase this Solution
Free BrainMass Quizzes
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
Understanding the Accounting Equation
These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)