The Research Of VMI Implementation In Chimei-Innolux Corporation

In china,most of LCD Panel manufacturers are facing the problem of fiercecompetition in the market.How to apply the new inventory management methodologyto reduce the inventory cost,managing the company in a higher efficiency is nowbecoming the focus of all manufacturers.This article is researching on the supply chain management. By analysising theopportunities and challenges of Chimei Innolux Corporation, we try to find themethod to improve the supply chain management of Chimei Innolux Corporation, andenhancing the company’s competitiveness as a whole.In this article, we introduce in vendor managed inventory (VMI) mode of basicconcepts, characteristics, application, and successfully implement the model of vendormanaged inventory case, then analysis and evaluate the company’s logistics systemand inventory management, and finally success in analysising the materialmanagement information system and operation management processes and methodsof Chimei Innolux Corporation. Base on that, I get the basic conditions of Vendormanaged inventory (VMI) in Chimei Innolux Corporation, and give the solutions ofmay encounter problems in Chimei Innolux Corporation implement vendor managedinventory (VMI).This article eventually leads the research on vendor-managed inventory strategiesof the China’s LCD Panel manufacturing industry to a higher level. First of all, I setout the practical significance of applying the vendor-managed inventory strategiesthat improves the chain management in the LCD Panel manufacturing industry. Onthe basis of the preliminary work, we focus on the research of the feasibility toapplying the vendor-managed inventory strategies and its practical significance, andwe find out the problems and solutions when implementing vendor managedinventory (VMI). At last, we draw a conclusion, which refers to the feasibility,necessity and practical significance of implementing vendor managed inventory (VMI)in LCD Panel manufacturing industry.