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A Study of Supplier Management Inventory Management in a Supply Chain Environment

In: Proceedings of the 2024 4th International Conference on Enterprise Management and Economic Development (ICEMED 2024)

Author

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  • Jia Li

    (Yunnan College of Business Management, Business School)

Abstract

The importance of supply chain management is becoming more and more prominent as enterprises continue to refine their management. This paper specifically analyzes the feasibility of VMI implementation in Company F. It describes that Company F determines the materials for which the VMI model is to be implemented by adopting the ABC classification method to classify raw materials. For this category of materials, Company F designed the VMI implementation program and select the suppliers suitable for promoting the implementation of VMI. Practice has shown that after implementing VMI, Company F has effectively improved the problem of inventory backlog, on-time delivery rate has been significantly increased, and the level of customer service has been improved.

Suggested Citation

  • Jia Li, 2024. "A Study of Supplier Management Inventory Management in a Supply Chain Environment," Advances in Economics, Business and Management Research, in: Hongbing Cheng & Sikandar Ali Qalati & Noor Sharoja Binti Sapiei & Mazni Binti Abdullah (ed.), Proceedings of the 2024 4th International Conference on Enterprise Management and Economic Development (ICEMED 2024), pages 77-87, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-506-5_10
    DOI: 10.2991/978-94-6463-506-5_10
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