Please go through the Review Article and submit a summary of 500-800 words to include.
a. Focal points discussed regarding SCM.
b. Important issues and challenges concerning supply chain management.
c. Important conclusion drawn for improving overall supply chain performance.
plz solve asap I want this with in 2 hours
Abstract India is becoming a global manufacturing hub. Increasing demand in domestic and
international markets is opening a new world of opportunities for the Indian Industry. 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. Amongst many difficulties faced by Indian manufacturers,
supply chain disruption management is a major issue, which can result in large tangible and non-
tangible losses. In current study lot of research has been done to understand what the Supply
Chain Management is and how it is affecting organizations, what are different challenges and it
can be proved as a tool for improving overall performance in today's global competitive
environment. Keywords: Supply chain management. 1. Introduction his suppliers and through his
suppliers' suppliers and so on back. By having the program driven by the customer, it is In the
current competitive scenario supply chain hoped that inventories, caused by uncertainties and
slow management assumes a significant importance and calls response, will be significantly
eliminated. While there are for serious research attention, as companies are challenged sales
incentives to major suppliers with the carrot of with finding ways to meet ever-rising customer
category management or similar programs, the success of expectations at a manageable cost. To
do so, businesses supply chain management rests with logistics. must search out which parts of
their supply-chain process are not competitive, understand which customer needs are Functional
areas of Logistics: not being met, establish improvement goals, and rapidly 1. Network Design
implementnecessaryimprovements.2.InformationTechnology The term 'supply chain management'
has not only 3. Transportation been used to explain the logistics activities and the 4. Inventory and
Storage planning and control of materials and information flows 5. Warehousing internally within a
company or externally between 6. Materials Handling, Loading and unloading companies
(Christopher 1992, Cooper et al.,1997 and 7. Packaging and Re-packaging Fisher, 1997).
Researchers have also used it to describe strategic, inter organizational issues (Cox, 1997,
Harland It should be noted that supply chain management has both et al., 1999), to discuss an
alternative organizational form "hard" (i.e., technical) and "soft" (i.e., people) aspects, to vertical
integration (Thorelli ,1986 H.
Please go through the Review Article and submit a summary of.pdf
1. Please go through the Review Article and submit a summary of 500-800 words to include.
a. Focal points discussed regarding SCM.
b. Important issues and challenges concerning supply chain management.
c. Important conclusion drawn for improving overall supply chain performance.
plz solve asap I want this with in 2 hours
Abstract India is becoming a global manufacturing hub. Increasing demand in domestic and
international markets is opening a new world of opportunities for the Indian Industry. 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. Amongst many difficulties faced by Indian manufacturers,
supply chain disruption management is a major issue, which can result in large tangible and non-
tangible losses. In current study lot of research has been done to understand what the Supply
Chain Management is and how it is affecting organizations, what are different challenges and it
can be proved as a tool for improving overall performance in today's global competitive
environment. Keywords: Supply chain management. 1. Introduction his suppliers and through his
suppliers' suppliers and so on back. By having the program driven by the customer, it is In the
current competitive scenario supply chain hoped that inventories, caused by uncertainties and
slow management assumes a significant importance and calls response, will be significantly
eliminated. While there are for serious research attention, as companies are challenged sales
incentives to major suppliers with the carrot of with finding ways to meet ever-rising customer
category management or similar programs, the success of expectations at a manageable cost. To
do so, businesses supply chain management rests with logistics. must search out which parts of
their supply-chain process are not competitive, understand which customer needs are Functional
areas of Logistics: not being met, establish improvement goals, and rapidly 1. Network Design
implementnecessaryimprovements.2.InformationTechnology The term 'supply chain management'
has not only 3. Transportation been used to explain the logistics activities and the 4. Inventory and
Storage planning and control of materials and information flows 5. Warehousing internally within a
company or externally between 6. Materials Handling, Loading and unloading companies
(Christopher 1992, Cooper et al.,1997 and 7. Packaging and Re-packaging Fisher, 1997).
Researchers have also used it to describe strategic, inter organizational issues (Cox, 1997,
Harland It should be noted that supply chain management has both et al., 1999), to discuss an
alternative organizational form "hard" (i.e., technical) and "soft" (i.e., people) aspects, to vertical
integration (Thorelli ,1986 Hakansson and reflecting the fact that the field is at the intersection of
Snehota, 1995), to identify and describe the relationship a many disciplines, such as marketing,
procurement, company develops with its suppliers (Helper, 1991and management, operations
research, logistics, and so on. It Hines, 1994, Narus and Anderson, 1995), and to address might
be supposed that social network analysis the purchasing and supply perspective (Morgan and
originating as it does in social psychology - would have Monczka, 1996 and Farmer, 1997). its
greatest and most natural application on the soft side of Supply Chain Management is a reverse of
prior SCM, helping to understand how patterns of personal practices where manufacturers
2. supplied product to relationships translate to competitive advantage through customers. Now
customers tell suppliers how and when diffusion of information, social control of opportunism, they
want their inventory delivered. The driver behind coordination and aid and so on (Stephen P. and
Xunli, Supply Chain Management is to remove inefficiencies, 2009). excess costs and excess
inventories from the supply The initial benefits of supply chain management accrue pipeline which
extends from the customer back through to the customer, the initiator of his supply chain. He
earns the reduction in inventories by driving out excesses *Corresponding author is a Research
Scholar inventories which he must purchase, store and be 946 International Journal of Current
Engineering and Technology. Vol.4. No.2 (April 2014)Kiran Bala Supply Chain Management:
Some Issues and Challenges - A Review Table-1 Era in the Evolution of Supply Chain
Management and practice of supply management and through such an supply chains (Mac Carthy
and Atthirawong assessment to identify barriers, possibilities and key ,2003).Substantial
geographical distances in these global trends. The paper reveals that supply management is, at
situations not only increase transportation costs, but best, still emergent in terms of both theory
and practice. complicate decisions because of inventory cost trade offs The paper identifies the
range of key barriers and enablers due to increased lead-time in the supply chain. to supply
management and it concludes with an The origins of the notion of supply chain management
assessment of the main trends. (SCM) are unclear, but its development appears to start (Omera
Khan and Bernard Burnes, 2007) in their study along the lines of physical distribution and
transport "Risk and supply chain management: creating a research (Croom et al., 2000) based on
the theory of Industrial agenda" develop a research agenda for risk and supply Dynamics. chain
management. The paper shows that there are a As pointed (Tang ,2006) since nobody gets credit
for number of key debates in the general literature on risk, fixing problems that never happened,
firms do not invest especially in terms of qualitative versus quantitative in supply risk assessment
exercise. If reward system approaches, which need to be recognized by those seeking rewards
only those who achieve their objectives to apply risk theory and risk management approaches to
irrespective of due attention to risks, then managers will supply chains. In addition, the paper
shows that the strive to achieve objectives at the cost of disproportionate application of risk theory
to supply chain management is risks (Manuj and Mentzer, 2008). Popular view is that still in its
early stages and that the models of supply chain since the firm has a greater control on the
supplier, supply risk which have been proposed need to be tested side uncertainty can be handled
by choosing appropriate empirically. partners. However, certain events in the recent past have
(Mary J. Meixell and Vidyaranya B. Gargeya, 2005) in underscored the need to consider supply
uncertainty their paper "Global supply chain design: A literature (Zsidisin, 2000; Ruiz-Torres and
Mahmoodi 2007). review and critique" they review decision support models Measurement of
performance of purchasing also seems to for the design of global supply chains, and assess the fit
be difficult. (Tuncel and Alpan, 2010; Thun and Hoenig between the research literature in this area
and the 2011). Therefore, it appears that supply risk management practical issues of global supply
chain design. The is a bit under explored area. We also realize some specific classification
scheme for this review is based on ongoing challenges for suppliers in developing countries as
they and emerging issues in global supply chain management rely on a low cost strategy while
they realize that they and includes review dimensions for (1) decisions need to be innovative and
3. also provide better services addressed in the model, (2) performance metrics, (3) the (Chong and
Chan, 2011). degree to which the model supports integrated decision The quality of the material
sourced from emerging processes, and (4) globalization considerations. A supply economies is at
par with the world standards. But the chain design problem comprises the decisions regarding
supply chain management best practices are not followed the number and location of production
facilities, the by suppliers. The problems faced by these firms from their amount of capacity at
each facility, the assignment of each suppliers are common viz. product shortage, delayed market
region to one or more locations, and supplier delivery, supply disruptions, lack of logistics facilities,
etc. selection for sub-assemblies, components and materials (Lin and Zhou, 2011; Thakkar,
Kanda, et al., 2011). (Chopra and Meindl, 2004). Experts maintain that global Therefore there is a
need to percolate the best practices to supply chains are more difficult to manage than domestic
second tier or third tier suppliers. As a whole chain they 948 International Journal of Current
Engineering and Technology, Vol.4, No.2 (April 2014)Kiran Bala Supply Chain Management:
Some Issues and Challenges - A Review need to perform better (Sutton, 2004; Soni and Kodali
integration to the Multi-National Company (MNC) lies in 2011). Indian firms and suppliers too are
no different. the differential advantage to be gained from the ability to They share the same
approach of other firms in emerging exploit differences in capital and product markets, to
economies. Indian organizations need to change the way transfer learning and innovation
throughout the firm, and people think. They need to change their mindset (Sahay manage
uncertainty in the economic or political and Mohan, 2003; (Thakkar, Kanda et al., 2011; Soni and
environment in different countries or regions. However, Kodali, 2011). We realized that first hand
information the general understanding of the business environment in from the people responsible
for supply chain management most industries is that competition has increased and the in Indian
industries should be gathered to analyse the conditions under which business is made are more
supply risk management perspective and practices turbulent. Many researches have mentioned a
implemented by them. This information would also reveal classification of supply chain integration
challenges. SC the degree of importance given to this area by Indian integration challenges can
be classified through the firms. A limited number of risk related surveys can be challenge of
system relationships; the SCM system has found in the area of supply chain (Thun and Hoenig,
two kinds of relationships, which are the relation between 2011). sub-systems, and the relationship
between SCM system In current study lot of research has been done to and the business
strategies, This classification emphasizes understand what the Supply Chain Management is and
the technical challenges that came from the relation how it is affecting organizations, what are
different between SCM system and internal business strategy, challenges and it can be proved as
a tool for improving unfortunately this classification bypass the challenges that overall performance
in today's global competitive the companies may face from external environment. environment. 3.2
In Information Sharing 3. Issues and challenges in supply chain Information sharing in a supply
chain faces several 3.1 In Supply Chain Integration hurdles. The first and foremost challenge is
that of aligning incentives of different partners. It would be nave Supply chain management (SCM)
executives face unique of a partner to think that information sharing and challenges, with respect
to integrating supply chain- cooperation will automatically increase his or her profit. In specific
strategies with the overall corporate business fact, each partner is wary of the possibility of other
4. strategy. In recent years, given changing business realities partners abusing information and
reaping all the benefits related to globalization, the supply chain has moved up on from information
sharing. For example, supply chain the chief executive officer' s (CEO's) list of priorities, but
partners seldom share information that relates to sensitive it's not always for the right reasons, in
many cases, CEOs cost data, e.g. only pay attention to the supply chain when they want to
production yield data or purchase price of parts. This is cut costs or when something is wrong.
Since the supply consistent with economists. Finding that a powerful chain essentially moves the
lifeblood of the organization, monopolistic or monopsonistic partner can extract all process
efficiency on a global scale is essential to economic profit from his or her partner, but one way of
optimized business operations. The importance of global defending a positive profit for the weaker
party is to keep