Issues of Supply Chain Manangement
ISSUES AND CHALLENGES OF SUPPLY CHAIN MANAGEMENT IN INDIA
M.VENKATA RAMANA REDDY1 & N.V.S.RAJU2
1
G.Narayanamma institute of Technology and science for women, Shaikpet, Hyderabad-08 2 Department, J N T U, Jagityal, Karimnagar dist, Andhra Pradesh
Abstract- Despite the extensive research carried out in the area of supply chain management (SCM) all over the world, SCM practices have not yet been well adopted in developing countries like India. This paper highlights the present issues and challenges of SCM in India. Supply chain management is the discipline of optimizing the delivery of goods, services and information from supplier to customer. An effective supply chain makes companies competitive and profitable. The best example from the global arena are the companies like Dell, Wal-Mart and Amazon etc. However some Indian companies are moving towards making theirs supply chain efficient, but most of them have done very little. If companies choose to compete in the global environment, they will have to look for ways to reduce expenditures of their suppliers and channel partners. This reduction in cost will lead the revamping of supply chains and significant investment in information technology, because Information Technology (IT) tools and techniques play very important role in the performance of the SCM. Key words- Supply Chain Management (SCM), Information Technology (IT) tools, cost reduction, issues and challenges in Supply Chain Management in India.
I. INTRODUCTION Supply chain Management (SCM) seems to be a growing area of interest amongst researchers and practitioners from varied disciplines. Supply chain (SC) has evolved from the era when related to materials flow (Forrester, 1961) were introduced, which later on become part of SCM. SC has evolved very rapidly since 1990s showing exponential growth. Generally SC consists of different functions: logistics, inventory, purchasing, and procurement, production, planning, intra-and inter-organizational
M.VENKATA RAMANA REDDY1 & N.V.S.RAJU2
1
G.Narayanamma institute of Technology and science for women, Shaikpet, Hyderabad-08 2 Department, J N T U, Jagityal, Karimnagar dist, Andhra Pradesh
Abstract- Despite the extensive research carried out in the area of supply chain management (SCM) all over the world, SCM practices have not yet been well adopted in developing countries like India. This paper highlights the present issues and challenges of SCM in India. Supply chain management is the discipline of optimizing the delivery of goods, services and information from supplier to customer. An effective supply chain makes companies competitive and profitable. The best example from the global arena are the companies like Dell, Wal-Mart and Amazon etc. However some Indian companies are moving towards making theirs supply chain efficient, but most of them have done very little. If companies choose to compete in the global environment, they will have to look for ways to reduce expenditures of their suppliers and channel partners. This reduction in cost will lead the revamping of supply chains and significant investment in information technology, because Information Technology (IT) tools and techniques play very important role in the performance of the SCM. Key words- Supply Chain Management (SCM), Information Technology (IT) tools, cost reduction, issues and challenges in Supply Chain Management in India.
I. INTRODUCTION Supply chain Management (SCM) seems to be a growing area of interest amongst researchers and practitioners from varied disciplines. Supply chain (SC) has evolved from the era when related to materials flow (Forrester, 1961) were introduced, which later on become part of SCM. SC has evolved very rapidly since 1990s showing exponential growth. Generally SC consists of different functions: logistics, inventory, purchasing, and procurement, production, planning, intra-and inter-organizational
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