VMI Applied to the Inventory Management of Railway Fastener

Xuejiao Li ()
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Xuejiao Li: Beijing Jiaotong University

A chapter in LISS 2013, 2015, pp 841-846 from Springer

Abstract: 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.

Keywords: VMI; Rail fastener; Inventory control (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-40660-7_125

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DOI: 10.1007/978-3-642-40660-7_125

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