Study On VMI (Vendor Managed Inventory) Model Application In The Company

In global economic integration under the overall environment, what businesses to do is not only focus on their own concern, at the same time, should keep a close watch on the lower reaches of cooperative enterprises, to respond to the increasingly fierce market competition among which enterprises have entered a competition in the supply chain model. Under the supply chain competition, the traditional inventory management and supply chain management concept are relatively backward, even brought series of problems. How to eliminate the outdated management ideas and its disadvantages, and apply new management strategy to improve supply chain efficiency becomes the business focus of each enterprise.Vendor Managed Inventory (VMI) has broken the traditional model, through the close cooperation between the supply chain partners and enterprises, to achieved the inventory management supply chain optimization objectives and provide maximum value to customers against minimizing the cost, so that fully embodies the supply chain management concepts.In this paper, starting from theoretical knowledge, to introduce VMI the basic concepts, models and applications, such as feasibility, based on the supply chain upstream supplier of enterprise point of view, the associated refrigerator manufacturing industries of the its actual characteristics, using of theoretical and practical examples combination for VMI model application analysis and evaluation VMI inventory management theory.