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Supply Chain Management in Context of Growing Indian Market

ANWESH: International Journal of Management & Information Technology

Volume 1 Issue 1

Published: 2016
Author(s) Name: Davinder Saini, C. S. Jawalkar | Author(s) Affiliation: Department of Production and Industrial Engineering, PEC University of Technology, Chandigarh, India
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Abstract

The Indian manufacturing along with service sector have promised increasing growth, especially with the make in India initiative of the Government and user friendly trade policies. In the last two decades, this tremendous increase has been noticed due to the economic liberalization, starting from the early 1990s. India has become a famous manufacturing hub at the global market level. Increasing competition, due to globalization is making inevitable for the Indian industries to provide cost effective quality output with stringent delivery schedules. Issues in supply of inferior quality, delayed supply, unwarranted cost escalation etc. would adversely impact the credibility and business potential of the Indian industry. Indian manufacturers faced challenge of supply chain disruption which can result in large tangible and non-tangible losses. The analysis of challenges and complexities of Supply Chain Management (SCM) practices that are catering the industry needs to be urgently addressed, in-order to understand the trends that will shape the futuristic supply chain management (SCM) practices. This paper seeks to analyze the status as well as futuristic view of complexities and challenges that affects the SCM practices. It is our best hope that this study will provide an understanding which will help in adopting good SCM practices in industry and lead to various competitive advantages.

Keywords: Supply Chain Management (SCM), SCM Practices, SCM Challenges, Indian Industry Growth

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