Another TULE Rumor, This Time It's Stores
- Thread starter FEDUPS
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Overspeed
Veteran
- Jun 27, 2011
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Doubtful. The new TA and 3/22 term sheet barely touch stores. It is probably about the VMI provision.
- Aug 20, 2002
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VMI provision?
Go figure. I would think that a group that is so valued by the TWU and AA that they are offered pay raises and sick pay and keep their vacation would be safe from any kind of outsourcing. I wonder if they get to keep their longevity pay too? Remember when we used to get that?
- Aug 20, 2002
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Vendor-managed inventory
Vendor-managed inventory (VMI) is a family of business models in which the buyer of a product provides certain information to a supplier of that product and the supplier takes full responsibility for maintaining an agreed inventory of the material, usually at the buyer's consumption location (usually a store). A third-party logistics provider can also be involved to make sure that the buyer has the required level of inventory by adjusting the demand and supply gaps.
As a symbiotic relationship, VMI makes it less likely that a business will unintentionally become out of stock of a good and reduces inventory in the supply chain. Furthermore, vendor (supplier) representatives in a store benefit the vendor by ensuring the product is properly displayed and store staff are familiar with the features of the product line, all the while helping to clean and organize their product lines for the store.
One of the keys to making VMI work is shared risk. In some cases, if the inventory does not sell, the vendor (supplier) will repurchase the product from the buyer (retailer). In other cases, the product may be in the possession of the retailer but is not owned by the retailer until the sale takes place, meaning that the retailer simply houses (and assists with the sale of) the product in exchange for a predetermined commission or profit (sometimes referred to as consignment stock). A special form of this commission business is scan-based trading whereas VMI is usually applied but not mandatory to be used.
This is one of the successful business models used by Wal-Mart and many other big box retailers. Oil companies often use technology to manage the gasoline inventories at the service stations that they supply (see Petrolsoft Corporation). Home Depot uses the technique with larger suppliers of manufactured goods (i.e. Moen, Delta, RIDGID, Paulin). VMI helps foster a closer understanding between the supplier and manufacturer by using Electronic Data Interchange formats, EDI software and statistical methodologies to forecast and maintain correct inventory in the supply chain.
Vendors benefit from more control of displays and more contact to impart knowledge on employees; retailers benefit from reduced risk, better store staff knowledge (which builds brand loyalty for both the vendor and the retailer), and reduced display maintenance outlays.
Consumers benefit from knowledgeable store staff who are in frequent and familiar contact with manufacturer (vendor) representatives when parts or service are required. Store staff have good knowledge of most product lines offered by the entire range of vendors. They can help the consumer choose from competing products for items most suited to them and offer service support being offered by the store.
Vendor-managed inventory (VMI) is a family of business models in which the buyer of a product provides certain information to a supplier of that product and the supplier takes full responsibility for maintaining an agreed inventory of the material, usually at the buyer's consumption location (usually a store). A third-party logistics provider can also be involved to make sure that the buyer has the required level of inventory by adjusting the demand and supply gaps.
As a symbiotic relationship, VMI makes it less likely that a business will unintentionally become out of stock of a good and reduces inventory in the supply chain. Furthermore, vendor (supplier) representatives in a store benefit the vendor by ensuring the product is properly displayed and store staff are familiar with the features of the product line, all the while helping to clean and organize their product lines for the store.
One of the keys to making VMI work is shared risk. In some cases, if the inventory does not sell, the vendor (supplier) will repurchase the product from the buyer (retailer). In other cases, the product may be in the possession of the retailer but is not owned by the retailer until the sale takes place, meaning that the retailer simply houses (and assists with the sale of) the product in exchange for a predetermined commission or profit (sometimes referred to as consignment stock). A special form of this commission business is scan-based trading whereas VMI is usually applied but not mandatory to be used.
This is one of the successful business models used by Wal-Mart and many other big box retailers. Oil companies often use technology to manage the gasoline inventories at the service stations that they supply (see Petrolsoft Corporation). Home Depot uses the technique with larger suppliers of manufactured goods (i.e. Moen, Delta, RIDGID, Paulin). VMI helps foster a closer understanding between the supplier and manufacturer by using Electronic Data Interchange formats, EDI software and statistical methodologies to forecast and maintain correct inventory in the supply chain.
Vendors benefit from more control of displays and more contact to impart knowledge on employees; retailers benefit from reduced risk, better store staff knowledge (which builds brand loyalty for both the vendor and the retailer), and reduced display maintenance outlays.
Consumers benefit from knowledgeable store staff who are in frequent and familiar contact with manufacturer (vendor) representatives when parts or service are required. Store staff have good knowledge of most product lines offered by the entire range of vendors. They can help the consumer choose from competing products for items most suited to them and offer service support being offered by the store.
I can see it happening... The company is only interested in yes votes to pass the LBO... By catering to the stores group that will account for a few more votes is a clever strategy... Then they will outsource the whole department to $15 dollar a hour "autozone" parts counter guys..
- Aug 20, 2002
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Brother, why so said? The existing Stock Clerks will be moved to Title 1 and be granted their seniority.
I would like to reiterate that the extra week of vacation for Stores is at 30 years. There are 1321 Stock Clerks in the system and an approximately 21 of those have 30 years. There may be more over the life of the contract. How many of those 30 years TWU members are going to take the Early Out? Assuming that there 1300 junior Stock Clerks left, they are giving up a year 5 raise so 21 can have a extra week now.
Well here is the way I see it Buck. I, (and many like me including you) will have 30 years very soon and there is no way we can afford to retire. So giving away the 6th week affects lots of us in the AMT profession. Also the fact that we have already lost sick time and longevity pay, two things the other two groups kept, makes me wonder why the TWU feels it needs to punish those of us who had the nerve to get A&P licenses and expect more money and at least the same benefits as the two other groups. Also the fact that management still enjoys all thier holidays and kept all their vacation accrual makes me realize that AA can afford to give us these basic things and no other T/A should be brought back that doesn't include these things. Being skilled and in a union should bring us superior benefits and pay to non-skilled, but this "union" works in the exact opposite. They have taken from us and given to stores and fleet my whole career. How else can you explain why fleet is amoung the tops in the industry in pay and stores is above average while we are lower than whale dung? And we have the nerve to want someone else to represent us? We told TWU that we wanted benefits back and did not want another 6 year deal. So they came back with less benefits and a 6 year deal. They need to be fired!!!!
