VMH maintains inventory of a variety of laboratory equipment, surgical instruments, and supplies, which it buys...
VMH maintains inventory of a variety of laboratory equipment, surgical instruments, and supplies, which it buys from a number of suppliers. Describe some JIT supplier relationship techniques that can be used to reduce inventory while assuring material availability.
Homework Answers
JIT is an important way to reduce the inventory while assuring material availability. Some of the supplier relationship techniques:
· VMI (Vendor Managed Inventory) = Under this, Vendor manages the inventory on behalf of customer to ensure material availability. The stock report at supplier can be reviewed by customer to have visibility
· Forecast = The requirement can be shared well in advance so that supplier can maintain sufficient stock of material
· Integrated systems = The changes in requirement, supplies etc. must be timely communicated. Hence, having an integrated system between supplier and buyer can help to better coordinate and synergize for ensuring material availability
These can help to ensure material availability
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3. what are his internal or external resources that he should
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Required Question:
1. Should Matt try to suggest a better method for reducing
purchasing costs? (200 words)
3. How can Matt find out more information about the suppliers in
a short period of time? (200 words)
3. what are his internal or external resources that he should
consider?
Custom Equipment It was July 2, and Mat Roberts had just been given his robots/weldguns, affiliate-produced parts/fabricated com- first assignment, te Wire Management Program" ponents, and steel/other metals. Matt was hired...
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