Abstract
In order to improve their inventory management a growing number of SME's plan to implement Vendor Managed Inventory (VMI) with supply chain partners. This means, they have to coordinate their business processes with their partners. The impact of VMI on business processes is frequently underestimated and hence the implementation of VMI fails. However, the use of process reference models for implementing VMI can lead to successful implementation as they offer best practice processes, which support the adoption of processes to a supply chain concept. An example for that is LogWIN-P, which has a high level of detail and is easily adaptable to processes of companies of different sizes and industries. The LogWIN-P model was extended to provide support for VMI implementation. This model thus describes the VMI process and shows the impacts of VMI on company's business processes and points out the required processmodifications.
| Original language | English |
|---|---|
| Pages (from-to) | 161-169 |
| Number of pages | 9 |
| Journal | International Conference on Harbour, Maritime and Multimodal Logistics Modelling and Simulation |
| Volume | 1 |
| Publication status | Published - 2011 |
| Event | 13th International Conference on Harbor, Maritime and Multimodal Logistics Modeling and Simulation, HMS 2011, Held at the International Mediterranean and Latin American Modeling Multiconference, I3M 2011 - Rome, Italy Duration: 12 Sept 2011 → 14 Sept 2011 |
Keywords
- Business process
- Process reference model
- Supply chain concept
- Vendor managed inventory