Study on impact of best supply chain management practices on the perfromance of organization in india

Abstract

Selection of best supply chain management practices has attracted serious research attention in recent past. This topic is still under considerable development. Present research is aimed at examining the impact of best supply chain management practices on the performance of Indian organizations. Supply chain management practices are necessary to manage integration and co-ordination of supply, demand and relationship in order to satisfy consumers in effective and profitable manners. It helps in improving performance of whole value chain, which is essential for sustainable growth of all organizations. The contribution to knowledge recorded in this study is four fold. First a comprehensive literature review of supply chain management practices and attributes, Secondly, an extensive multi-sector survey of Indian organizations from different parts of the country to investigate various attributes and practical issues related with SCM. Two hundred and fifty seven organizations belonging to different sectors such as auto component, electronic, plastic and light engineering etc. have participated in the study as respondents. The third contribution to knowledge is made through development of two case studies to obtain further insights into organizations supply chain. The fourth contribution to knowledge is made by developing ISM based model. Major contributions of study are as follows. • Comprehensive literature review on best practices of SCM for gaps identifications. • Identified major attributes while selecting SCM practices for organizations. • Identified the problems faced by organizations during implementation of SCM. • Identified the motivations for implementing SCM in organizations. • Identified major investment priorities for SCM success. • Identified the major hindrances in implementing SCM practices in organizations. • Identified the level of implementation of the SCM practices and initiatives taken by organizations for SCM. • Identified major attributes for new product design and development activities. • Identified the information sharing and selection criteria for suppliers. • Analyzed environmental related issues in organizations. • Analyzed the effect of different SCM practices on performance measures such as sales growth, profit growth, return on investment, and delivery on time, responsiveness, reduction in lead time, reduction in inventory cost, reduction in manufacturing cost, reduction in product rejection rate. • Developed select case studies to analyze supply chain issues in real life scenario. • Identified enablers for SCM implementation and developed a structural relationship model.

Based on observations and findings, recommendations for successful SCM are made. This study will motivate organizations in taking initiatives for successful supply chain management.