Purchase Solution

Vendor Management

Not what you're looking for?

Ask Custom Question

I need help with the following question please:

Sony is part of vendor managed inventory. What is this and why is it important?

Purchase this Solution

Solution Summary

This solution outlines what vendor managed inventory is, what its advantages are, and uses Sony as an example to illustrate the concept.

Solution Preview

Vendor-managed inventory of (VMI) is simply an inventory management process. It involves the vendor being in charge of inventory as opposed to distributors. In order for such a process to work, the vendor and the distributor are in constant communication. To better illustrate how VMI works, let us look at Sony.

Sony uses VMI. They are a manufacturer of electronic products that are sold throughout various distribution channels such as department stores. We will use Wal-Mart of this example. Through VMI, Sony ...

Purchase this Solution

Free BrainMass Quizzes

This tests some key elements of major motivation theories.

Learning Lean

This quiz will help you understand the basic concepts of Lean.

Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.

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.

Transformational Leadership

This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.