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VMI Applied to the Inventory Management of Railway Fastener

In: Liss 2013

Author

Listed:
  • Xuejiao Li

    (Beijing Jiaotong University)

Abstract

As an inventory management model, VMI (Vendor Management Inventory) has gradually become the main way for dot-companies on the supply chain to improve their relationships between each other and the overall competitive advantages. Aiming at a two-level supply chain with demand uncertainty, this paper analyzes the impact of the VMI model on supply chain inventory management from the aspect of inventory control. The results show that the implementation of VMI model can effectively reduce the railway fastener inventory and the total cost of the supply chain.

Suggested Citation

  • Xuejiao Li, 2015. "VMI Applied to the Inventory Management of Railway Fastener," Springer Books, in: Runtong Zhang & Zhenji Zhang & Kecheng Liu & Juliang Zhang (ed.), Liss 2013, pages 841-846, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-40660-7_125
    DOI: 10.1007/978-3-642-40660-7_125
    as

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