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ISSN : 1738-3110

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Vol.14 No.9

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Review of Vendor Managed Inventory: Investigation on How It Improves Supply Chain Performance

The Journal of Distribution Science / The Journal of Distribution Science, (P)1738-3110; (E)2093-7717
2016, v.14 no.9, pp.47-64
https://doi.org/https://doi.org/10.15722/jds.14.9.201609.47
Ryu, Chung-Suk
Ryu,, C. (2016). Review of Vendor Managed Inventory: Investigation on How It Improves Supply Chain Performance. The Journal of Distribution Science, 14(9), 47-64, https://doi.org/https://doi.org/10.15722/jds.14.9.201609.47

Abstract

Purpose - This study reviews the past studies that have researched Vendor Managed Inventory (VMI) as a well-known supply chain collaboration program. The main goals of this study are to figure out how VMI brings significant benefits to the supply chain system and suggest additional areas that future studies would address to discover the true nature of VMI. Research design, data, methodology - This study conducts literature reviews on numerous studies that have researched VMI. The past studies are classified in terms of several main issues that have been commonly addressed by many researchers. This study also identifies three key collaborative features of VMI, which possibly explain why VMI improves the supply chain performance. Results - This study finds out that most past studies focused on a limited research issues about VMI. Many researchers have considered integrated decision making and information sharing to be key features that enables VMI to improve the supply chain performance. Conclusions - Based on the findings from the literature review, this study suggests that future studies on VMI take account of new research issues and pay attention to cost payment that researchers have rarely addressed.

keywords
Supply Chain Management, Supply Chain Collaboration, Vendor Managed Inventory, Information Sharing

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