Lean Inventory Management Integrated with Vendor Coordination to Reduce Costs and Improve Manufacturing Supply Chain Efficiency

• Author(s): Opeyemi Morenike Filani ; Geraldine Chika Nwokocha ; Olakunle Babatunde Alao
• Paper ID: 1710311
• Page: 174-191
• Published Date: 31-01-2019
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 2 Issue 7 January-2019

Abstract

Lean inventory management has emerged as a strategic approach to controlling operational costs, improving responsiveness, and enhancing overall supply chain efficiency in the manufacturing sector. When integrated with vendor coordination strategies, this approach transcends the boundaries of traditional internal process optimization, enabling synchronized planning, replenishment, and delivery systems across organizational boundaries. This paper explores the theoretical underpinnings and practical applications of lean inventory systems in conjunction with vendor collaboration, emphasizing mechanisms such as just-in-time (JIT) replenishment, shared forecasting, and joint performance metrics. Using both qualitative and quantitative data from case studies and empirical research, we investigate how integrated vendor coordination frameworks contribute to reductions in stockholding costs, minimization of lead times, and increased agility in production scheduling. The findings demonstrate that well-structured supplier integration not only reduces total supply chain costs but also strengthens competitive advantage by creating adaptive networks capable of rapid market response. The research is positioned within the broader discourse of supply chain integration, lean philosophy, and collaborative partnerships, providing a robust roadmap for practitioners seeking sustainable operational excellence.

Keywords

Lean Inventory, Vendor Coordination, Supply Chain Efficiency, Cost Reduction, Manufacturing Operations, Just-In-Time

Citations

IRE Journals:
Opeyemi Morenike Filani , Geraldine Chika Nwokocha , Olakunle Babatunde Alao "Lean Inventory Management Integrated with Vendor Coordination to Reduce Costs and Improve Manufacturing Supply Chain Efficiency" Iconic Research And Engineering Journals Volume 2 Issue 7 2019 Page 174-191

IEEE:
Opeyemi Morenike Filani , Geraldine Chika Nwokocha , Olakunle Babatunde Alao "Lean Inventory Management Integrated with Vendor Coordination to Reduce Costs and Improve Manufacturing Supply Chain Efficiency" Iconic Research And Engineering Journals, 2(7)