Implementation of vendor-managed inventory in hospitals: an empirical investigation

Manish Mohan Baral, Subhodeep Mukherjee, Ramji Nagariya and Venkataiah Chittipaka

International Journal of Procurement Management, 2024, vol. 21, issue 2, 180-197

Abstract: This research aims to determine critical success components for implementing the vendor-managed inventory (VMI) and test their influence on the inventory in Indian hospitals. The independent and dependent components of the research are identified from the extensive literature review. The independent variables are top management commitment, supply chain strategy, business process integration, continuous improvement, resource sharing, and information technologies adoption. The dependent variable identified is the adoption of vendor-managed inventory. The study results suggest that the proposed latent variables significantly impact the VMI and significantly contribute to VMI's implementation and sustainability. The study highlights the importance of VMI in Indian hospitals, and therefore, it will help the management focus on the VMI for enhanced operational efficiency. Previous studies have not empirically tested the impact of the suggested practices for VMI in Indian hospitals. The analysis would help evaluate VMI adoption in Indian hospitals.

Keywords: vendor-managed inventory; VMI; critical success components; hospitals; structural equation modelling; SEM. (search for similar items in EconPapers)
Date: 2024
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