Beyond Information Sharing: An Empirical Analysis of Vendor-Managed Inventory

• 成果类型: Article
• 署名作者: Dong, Yan; Dresner, Martin; Yao, Yuliang
• 署名单位: University System of Maryland; University of Maryland College Park; Lehigh University
• 刊物名称: PRODUCTION AND OPERATIONS MANAGEMENT
• ISSN/ISSBN: 1059-1478
• DOI: 10.1111/poms.12085
• 发表日期: 2014
• 页码: 817-828
• 关键词: Supply chain; IMPACT; EDI; replenishment; manufacturer; integration; spillovers; BENEFIT

摘要

Using a unique, item-level data set, we examined benefits to downstream firms (distributors) from the decision-transfer component of vendor-managed inventory (VMI), the feature that distinguishes VMI from other information-sharing, collaborative supply chain programs. Our major findings are that the decision-transfer component of VMI adds significant benefits to the downstream firm in terms of inventory and stockout reductions above and beyond information sharing, and that these two benefits may be realized at different times following VMI implementation; that is, inventory reduction, initially, may be the major benefit to distributors from VMI, while the benefits of stockout reduction may more likely be realized after the first year of implementation. In addition, VMI provides benefits to the upstream firm (manufacturer) by reducing the downstream firm's inventory variability, a likely contributor to the bullwhip effect. Based on our empirical analysis, the decision-transfer component of VMI, on average, reduces inventory levels by 7%, stockouts by 31%, and inventory variability by 9%.