Name of the candidates: Madhav Sharma Faculty Guide: Mrs. Sonali Banerjee Enrolment Number: A0102218075 Program and batch: MBA (M&S)
1. Title of the Study: Vendor Management in Cement Industry.
2. Problem statement: To understand the vendor management system in the cement Industry 3. Relevance of the study: To gain insight into the vendor management system of the cement industry and design better framework for the same.s 4. Literature Review/Conceptual framework: Andres Angulo, Heather Nachtmann, Matthew A Waller Journal of business logistics 25 (1), 101-120, 2004 Vendor Managed Inventory (VMI) involves the vendor making the replenishment decision for products supplied to a customer based on various inventory and supply chain policies. Information sharing between supply chain members is required in VMI. Sometimes VMI decisions are delayed and/or the information shared is inaccurate. This research examines the effects of information delay and accuracy, and the sharing of sales and forecast information in a VMI environment facing stationary and nonstationary demand. The simulation experiments show the impact of information delay, information inaccuracy, and information sharing on a variety of performance measures, including inventory levels and fill rates. Yuliang Yao, Philip T Evers, Martin E Dresner Decision support systems 43 (2), 663-674, 2007 This paper develops an analytical model that explores how important supply chain parameters affect the cost savings to be realized from collaborative initiatives such as vendor-managed inventory (VMI). Results from the model show that benefits, in the form of inventory cost reductions, may be generated from integration depending upon the ratio of the order costs of the supplier to the buyer and the ratio of the carrying charges of the supplier to the buyer. Results also show that these benefits are disproportionally distributed between buyers and suppliers. Manus Rungtusanatham, Elliot Rabinovich, Bryan Ashenbaum, Cynthia Wallin Journal of Business Logistics 28 (1), 111-135, 2007 This paper undertakes two related tasks to augment current understanding regarding vendor‐ owned inventory management (VOIM) arrangements implemented in the retail industry. The first task formally juxtaposes three prevalent forms of VOIM arrangements (i.e., Consignment, Pay‐On‐Scan, and Scan‐Based Trading) to one another and identifies three dimensions (i.e., Relevant Data Visibility, Timeliness of Information Release, and Shrink Responsibility) that serve to discriminate among them. The second task applies an Agency Theory lens to uncover differing profiles of characteristics underlying the retailer‐vendor relationship across the Consignment,Pay-on-scan,and Scan-Based Trading arrangements. Ram Ganeshan, Eric Jack, Michael J Magazine, Paul Stephens Quantitative models for supply chain management, 839-879, 1999 In the previous chapters, we focused largely on quantitative approaches to solving Supply Chain Management (SCM) problems including such issues as: inventory management, supply contracts, information flow, product variety, and international operations. In this chapter, we will broaden our focus to include other approaches to SCM problems, by presenting a broad taxonomy for understanding SCM research. Vallabh Sambamurthy, Mani Subramani MIS quarterly, 193-195, 2005 This is the second volume of the Special Issue on Knowledge Management and Information Tech nologies and contains six papers examining the complex issue from different perspectives. We draw on the framework of knowledge problems to highlight the contributions of the papers in this issue. Xiaohui Liu, Youwang Sun JSW 6 (7), 1374-1380, 2011 Reducing inventory levels is a major supply chain management challenge in automobile industries. With the development of information technology new cooperative supply chain contracts emerge such as Vendor-Managed Inventory (VMI). This research aims to look at the literature of information management of VMI and the Internet of Things, then analyzes information flow model of VMI system. The paper analyzes information flow management of VMI system in automobile parts inbound logistics based on the environment of Internet of Things. William R King, Gholamreza Torkzadeh MIS quarterly 32 (2), 205-225, 2008 The offshoring of information systems and services has been one of the most discussed phenomena in IS in recent years; it has significantly influenced the thinking of both academics and practitioners. The extent of offshoring of information technology-related services has been significant and the trend seems likely to continue in the foreseeable future. Yet, there has been little in-depth study of information systems offshoring and its apparent impact on the nature of the work of, career options in, and the management of the information systems function. Pralay Pal, Bimal Kumar Supply Chain Management: An International Journal 13 (6), 391-397, 2008 The purpose of this paper is to provide a “trait based approach” for vendor selection and evaluation for expensive procurements in large businesses through a simple and easy‐to‐use mathematical model using safety, quality, delivery and cost criteria. Design/methodology/approach – We use 16 traits addressing safety (S), quality (Q), delivery (D) and cost (C) areas for evaluating performance of a vendor on a linear 10 point scale. We start with evaluating each “supplier‐supply item” combination and compute gross averages for each of the SQDC areas and finally arrive at an “Overall Performance Index” for each supplier‐ supply item combination. These indices form a “Vendor Performance Dashboard” for decision making. Findings – The case study shows that the proposed method is quick and easy to adopt, and provides a logical framework for vendor selection and management, based on performance in the four critical (SQDC) areas. Research limitations/implications – A lot of monotonous computations are required for the proposed vendor evaluation process. Hence, the scope for software development warrants further investigation. There is also a need to develop a process for weighting the different SQDC elements for application in different industry/market contexts. Originality/value – This paper presents a unique and simple approach for generating dashboard data for decisions regarding evaluation of vendors and distribution of sub‐contracts in a dynamic technology intensive market with practical examples. The proposed model for vendor selection and determination of order sizes is less dependent on complex algorithms and more practical and logically framed than existing models. Gianluca Spina, Federico Caniato, Davide Luzzini, Stefano Ronchi Industrial Marketing Management 42 (8), 1202-1212, 2013 This research aims to evaluate the state of the art of Purchasing and Supply Management (PSM). This is carried out through a wide, in-depth, and structured examination of published works. More than one thousand papers (i.e., 1055) published in 20 peer-reviewed journals were collected and analyzed to provide a snapshot of PSM research, including the extent of the overall production, the background theory used, the unit of analysis, the research method, and the main topics investigated. Other literature reviews related to PSM have been conducted in the topic
5. Research Methodology: Descriptive and Quantitative.
6. Tentative Chapter Scheme: Introduction Literature review Research Methodology Data Analysis and Interpretation Finding of the study Conclusion References 7. References Angulo, A., Nachtmann, H., & Waller, M. A. (2004). Supply chain information sharing in a vendor managed inventory partnership. Journal of business logistics, 25(1), 101-120 Yao, Y., Evers, P. T., & Dresner, M. E. (2007). Supply chain integration in vendor-managed inventory. Decision support systems, 43(2), 663-674. Rungtusanatham, M., Rabinovich, E., Ashenbaum, B., & Wallin, C. (2007). Vendor‐owned inventory management arrangements in retail: an agency theory perspective. Journal of Business Logistics, 28(1), 111-135. Ganeshan, R., Jack, E., Magazine, M. J., & Stephens, P. (1999). A taxonomic review of supply chain management research. In Quantitative models for supply chain management (pp. 839- 879). Springer, Boston, MA. Sambamurthy, V., & Subramani, M. (2005). Special issue on information technologies and knowledge management. MIS quarterly, 193-195. King, W. R., & Torkzadeh, G. (2008). Information systems offshoring: Research status and issues. MIS quarterly, 32(2), 205-225. Pal, P., & Kumar, B. (2008). “16T”: toward a dynamic vendor evaluation model in integrated SCM processes. Supply Chain Management: An International Journal, 13(6), 391-397. Spina, G., Caniato, F., Luzzini, D., & Ronchi, S. (2013). Past, present and future trends of purchasing and supply management: An extensive literature review. Industrial Marketing Management, 42(8), 1202-1212.