Publication detail

Improving Logistics Performance Through the Supply Chain Cooperation in Automotive Sector: VMI and Consignment Stock Inventory Policy

BARTOŠEK, V. KOVÁŘ, P.

Original Title

Improving Logistics Performance Through the Supply Chain Cooperation in Automotive Sector: VMI and Consignment Stock Inventory Policy

Type

conference paper

Language

English

Original Abstract

Dramatic changes of business conditions have recently occurred need for sophisticated and responsive approaches to better supply and demand management. Academic theory discovered and practical experiences confirm that the future of Supply Chain Management (SCM) in a demand - driven environment will be in Vendor Managed Inventory (VMI) and Consignment Stock (CS) inventory policy. Both concept of VMI and CS inventory police imply greater collaboration between the buyer, supplier and pushing them towards a complete exchange of information and sharing of management risks. This article will briefly summarise main atributes and benefits of VMI, CS inventory policy in automotive sector, as a important strategy, which help entreprises adopt to face new manufacturing and SCM challenges. Finaly is mentioned how to understand and achieve inventory costs savings, controlling the risks through negotiations and agreements, because both consignment and VMI work not only for the customer, but for the supplier as well.

Keywords

Vendor Managed Inventory; Consignment Stock; Supply Chain Management; Supply Chain Cooperation

Authors

BARTOŠEK, V.; KOVÁŘ, P.

RIV year

2007

Released

25. 5. 2007

Publisher

VUT v Brně: Fakulta podnikatelská

Location

Brno

ISBN

978-80-7204-532-7

Book

V. International Scinetific Conference Management, Economics and Business Development in the New European Conditions

Pages from

46

Pages to

55

Pages count

10

BibTex

@inproceedings{BUT23450,
  author="Vladimír {Bartošek} and Petr {Kovář}",
  title="Improving Logistics Performance Through the Supply Chain Cooperation in Automotive Sector: VMI and Consignment Stock Inventory Policy",
  booktitle="V. International Scinetific Conference Management, Economics and Business Development in the New European Conditions",
  year="2007",
  pages="10",
  publisher="VUT v Brně: Fakulta podnikatelská",
  address="Brno",
  isbn="978-80-7204-532-7"
}