A Study of Supply Chain Management Process in Indian Industry

management

The use of IT (ICT) solutions in the Supply Chain Management (SCM) field, in particular e-business, ensures improved competitiveness and sustainable development in broad and MSMEs worldwide. Today, e-business is a vital aspect of many companies and offers development opportunities. The effect of e-business on supply chain components and performance is thus required for understanding. Both scholars and practitioners profit from this. In the past many research using information technology (IT) or e-business were conducted which are apparent from the supply chain literature. Most studies address the consequences, but not comprehensively, of one or two parts of the supply chain, strategies, instruments and procedures. Moreover, little attention was paid in particular to the impact of Indian MSMEs on the e-business system for successful SCMs. This research trial seeks to provide a comprehensive view to the impact e-business systems have on the supply chain components and performance variables for micro, small and medium-sized companies (MSMEs). MSMEs need all v-company operations to be connected to relevant e-busting systems electronically and to be updated on a regular basis as the study shows. In addition, inventories leveraging logistics from third parties and JIT supplies were recognized as key SC facilitators. The supplier - MSME connection and supplier engagement are two key variables to improve the effectiveness of the MSMEs SC. In order to develop SC operations, MSMEs' financial performance is addressed in terms of increasing profitability, market share, investment return and a reduction of the amount of cash-to-cash cycles.

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