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• W290110655 abstract "A vendor inventory management (VMI) program not only improves forecasts and supply chain but it also creates visibility in the supply chain ... trust between a vendor and its customers is the key to success ... to win the support of customers for a VMI program, it is important that they fully understand its benefits. A vendor managed inventory program (VMI) is an important collaborative initiative in a supply chain to improve visibility as well as forecasting. In this article we show how Arasco integrated its supply chain within the framework of a VMI program. WHY VMI? A collaborative initiative, such as a vendor managed inventory (VMI) program, can reduce costs, improve customer service, and increase sales. It also helps build a strategic alliance between the customer (distributor) and the vendor (manufacturer), which is very important to both. With this approach, a vendor continuously and automatically replenishes its trading partner's inventory by predicting its customer's demand. Electronic data interchange (EDI) serves as a crucial link between the trading partners. The key to the success of a VMI program is trust between the two partiesthe vendor and the customer. ARASCO'S FEED SUPPLY CHAINS Arasco Feed's supply chains are shown in Figures 1-3. Figure 1 gives upstream channels from seed producers, such as Syngenta, to seed processing plants, crop growers, dealers/traders, and bulk traders/ exporters. Figure 2 illustrates an internal supply chain that starts with bulk handling facilities at Dammam Port where it is unloaded for shipment to Dammam Feed Mill (DFM) and Kharj Feed Mill (KFM). At Alkharj, the feed mill complex includes storage silos and warehouses, a feed mill, a pre-mix plant, a fish feed plant, and a glucose and starch plant. From DFM and KFM, the material is shipped down the supply chain as shown in Figure 3. GOALS For an effective and successful VMI program, we must first decide what we want to accomplish. In our supply chain setup, 90% of the raw materials are imported from abroad, arriving at the Dammam Port by ship. To improve efficiency, we must offload the materials quickly and then send to our distributors at Dammam yard and Alkharj as quickly as possible because we have a minimum warehouse space rented at the port. To reduce supply chain costs and maximize throughput, we strive to increase production efficiency and stabilize the production schedule with few changee vers. Similarly, for transportation efficiency, we want to stabilize transportation schedule. VMI PROCESS The whole VMI process used by Arasco, which is outlined in Figure 4, can be broken down into three sub-processes: (1) collaborative process, (2) planning and forecasting process, and (3) replenishment process. Collaborative Process: We recognized early on that in order to have a successful VMI program, we must have a strong collaboration between our customers and Arasco. Therefore, our first task was to select the candidates most suitable for this program. To come up with a list of those candidates, we ran a number of simulations. The results of those simulations were evaluated and reviewed thoroughly to ensure that we would select the right ones. The next step was to form a strategic alliance team consisting of VP Sales, VP Finance, VP Operations, Sales & Marketing Manager, Sales Representatives for the Area, and Project Manager for the VMI Program. This team visited all the selected distributors and discussed the proposed VMI program. During this meeting, we explained that we want to use a push strategy to maximize our throughput and improve our supply chain operations, which would result in cost savings that would benefit them either in the form of increased customer service or quantity discounts. However, we did not quantify any savings, nor did we discuss how the savings would be distributed. After developing the list of potential VMI partners, we started working on the technical parameters. …" @default.
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• W290110655 date "2007-10-01" @default.
• W290110655 modified "2023-09-27" @default.
• W290110655 title "Vmi Program Improves Forecasting & Supply Chain-Arasco's Case Study" @default.
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