Ms. Jyoti Bala Songar

Dr. A.C. Shukla

Abstract

The purpose of this paper is to provide a quantitative and qualitative analysis of the enablers to implement the Vendor Managed Inventory (VMI). The research design is divided into three phases; first, the enablers were identified through an extensive literature review; second, a questionnaire based survey was conducted among six organizations which are using vendor managed inventory system. Based on data collection statistical tests have been conducted. Moreover, the factors are also analyzed by categorizing the surveyed organizations into two classes i.e. according to industry's annual turnover and according to type of industry. Overall it is observed that the 'committed top management' is emerged as the major enablers of Vendor Managed Inventory(VMI) implementation. This study provides VMI implementation index which shows the gap between the findings and requirement. This index contains eight different attributes based on which VMI is performed. On the basis of researcher's observation all eight attributes are prioritized and different weightage has been given to different attributes by using Expert choice Software. Vendor managed inventory system is slowly but steadily gaining importance and in time to come it will have a wide spared impact on the way inventory is managed in organization.

Keywords- VMI, Enablers, manufacturer, Pair wise comparison, Expert choice software,