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The study “Impact of Consignment Inventory and Vendor-Managed Inventory for a Two-Party Supply Chain” focuses on the characteristics and benefits of VMI and CI. These are current practices involving the supply-chain relationship between the vendor and customer. Normally, supply-chain decisions of the customer involve planning, purchasing raw materials, and delivering finished products to end-consumers. In the same way, the vendor also plans his requirements, starts with the manufacturing of goods, and delivers them to the customers. Since these two firms operate independently, business decisions affecting the supply chain are also made individually. To improve efficiency for these Continue reading...