Emerging Trends in Supply Chain Management in India
(E-BUSINESS AND THE SUPPLY CHAIN MANAGEMENT)
For The Fourth National Conference on
Innovative strategies: Emerging India in Global Scenario
Department of Management Sumandeep Vidyapeeth
Piparia. Vadodara. - 391760
Contact No. +91 99248 49142
With an increased competition in the marketplace, one can observe an increase in product offering in the market. This should lead to shorter product life cycles. It has therefore become essential for retail firms to better manage their supply chain process so that they can better control the supply and demand aspects of their product portfolio.
It is, however, interesting to note that with the advancements in the Information Technology, the trends in determining demand and supply forecasts are changing. The web is having a significant impact on how firms interact with each other and their customers. Past stumbling blocks for supply chain integration such as high transaction costs between partners, poor information availability and the challenges of managing complex interfaces between functional organizations are all dissolving on the web. In order to bring future improvements to the supply chain management of an organization, it is essential to develop an information system of the highest quality, operated and maintained by well-qualified and trained professionals. In this paper, we examine how the web is changing supply chain management with reference to its past trends, present operations and future techniques. Developing a supply chain, which is responsive enough to the changing business environment, will benefit from the new developments in the market and will be able to effectively manage the inventory according to the demand and supply trends of the market.
Research method: Case Study Method... [continues]
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