Research On Improvement Of Vendor Management Inventory(VMI) To Company F

With time going forward, the society move to high-tech age.the competition condition isgoing even more violent with the prompt development of world economy and the progress oftechnology.The modern market is led by the buyer, the buyer is occupying the leading positon.No mater what the company is, he must comply with the market roles if he want to grow andstrong. With only the continuing growing, he can improve the ability itself and stable in themarket. Under the competitive condition, the company need high level recognition on SupplyChain Management. In hope to lower the running cost of the business,he must find everywayto control the purchasing cost.The most important point on inventory management is tooptimize the relative management mode and then the management strategy.The critical pointto modern inventory management is to find a reasonable economical inventory level and thesupplemental method. The purpose is to provide a quantified analysis to the top management.On behalf of company, it really make sense to apply Supply Management Inventory. It canincrease the resource output and increase the company income.It will also help lower theinventory cost and management cost，With the continuing growing,our country has been the biggest manufacturing and marketin the world. There are more and more overstock with industry development. The world hasnoticed the overstock and think of ways to solve it.Inventory Management was put to theagenda. The company F we researched in this article is a multinational company with amedical device manufacturing in Bao’an,Shenzhen. The company has about60%of therunning cost at inventory. It is very important to the company to find ways to lower theinventory cost.Firstly, this Article analyzed the theory of Inventory Management, then study company Fbased on the company characteristic and the current problem found. Analyzed thenature,type,advantage and disadvantage and action steps of VMI,JMI and CPFR,based on thecomparison to company F, we found out the root cause of high inventory and give solutions tothe company.