TY - JOUR
T1 - VENDOR-OWNED INVENTORY MANAGEMENT ARRANGEMENTS IN RETAIL
T2 - AN AGENCY THEORY PERSPECTIVE
AU - Rungtusanatham, Manus
AU - Rabinovich, Elliot
AU - Ashenbaum, Bryan
AU - Wallin, Cynthia
N1 - Publisher Copyright:
2007 Council of Supply Chain Management Professionals
PY - 2007/3/1
Y1 - 2007/3/1
N2 - 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.
AB - 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.
KW - Agency Theory
KW - Conceptual Development
KW - Retail
KW - Vendor-Owned Inventory Management
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U2 - 10.1002/j.2158-1592.2007.tb00234.x
DO - 10.1002/j.2158-1592.2007.tb00234.x
M3 - Article
AN - SCOPUS:67349244861
SN - 0735-3766
VL - 28
SP - 111
EP - 135
JO - Journal of Business Logistics
JF - Journal of Business Logistics
IS - 1
ER -