VENDOR-OWNED INVENTORY MANAGEMENT ARRANGEMENTS IN RETAIL: AN AGENCY THEORY PERSPECTIVE

Manus Rungtusanatham, Elliot Rabinovich, Bryan Ashenbaum, Cynthia Wallin

Research output: Contribution to journalArticle

37 Scopus citations

Abstract

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. These conceptual results contribute to and have implications for the science and practice of VOIM arrangements in the retail industry.

Original languageEnglish (US)
Pages (from-to)111-135
Number of pages25
JournalJournal of Business Logistics
Volume28
Issue number1
StatePublished - Mar 1 2007
Externally publishedYes

Keywords

  • Agency Theory
  • Conceptual Development
  • Retail
  • Vendor-Owned Inventory Management

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)
  • Management Science and Operations Research

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