Vendor Managed Inventory and Strategy

Abstract

Vendor-managed inventory (VMI) may be perceived as a business agreement between a supplier and a buyer in which the supplier manages the customer's inventory for a fee. The purpose of this paper is to examine potential and current VMI relationships between two large Pittsburgh-based companies, mostly from a global reach perspective. The initial findings of the research show that not implementing a VMI system could potentially hurt these companies, while supporting the basic research proposition that VMI will increase customer satisfaction ratings and revenues for both companies. Within this case study, there are several main questions throughout the paper. These questions are what are the goals in the case study of supply chain management (SCM) in terms of their operations? How will these goals affect the operations? What are the different perspectives from the buyer and supplier? Will the need to implement a global SCM strategy continue to exist, especially under the pressures of Covid-19?

Exploring opioid addictions and responsibilities: almost lost in the midst of the Covid-19 pandemic

“…The universal concept of equity is essentially based on a costs/benefits approach to determine if a situation is considered a fair distribution of scarce assets in the perception of those involved in an emotional and/or physical relationship with addicted users. As both epidemics are global in nature, efforts were taken to document potential international considerations and sensitivity to avoid terms that might point to vaccine nationalism and self-pride (Vaccine nationalismand how it could affect us all, 2021; Smith, 2021aSmith, , 2021bSmith and Krivacek, 2019).…”