Supply Chain Management India Essay

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Institute for Supply Management, INDIA (ISMS-INDIA) based in Gurgaon (Delhi-NCR), which have many chapters in major, cities of India. ISM-INDIA is affiliated to Institute for supply management in the USA which is the world’s largest institute for supply chain management. The main aim of cooperation is to provide opportunities for the promotion of supply management professions and expansion of skills and knowledge of professionals. ISM-INDIA works with many MNC’s, major companies and public sector of India in professionalizing supply management activities. As per definition supply chain management is the management of different stages of all business activities and processes which is necessary to manage demand and supply on a global scale.…show more content…
Sourcing, procurement and supply management are also fall under the supply chain management umbrella. The various processes of supply chain management are forecasting, production, planning, scheduling, order processing and customer service. Supply chain management also includes information system which is necessary to monitor all of these activities. The customer is the key to both communicating and quantifying the supply chains…show more content…
Consequently, the habits of consumers are also changing. So, the companies to be very careful in planning, to stay innovative and responsive to change in the market. The different decades followed the shifts in the supply chain management. A brief review of the history of the development of supply chain management was referred to as far back as 1832 in Charles Babbage book on the “Economy of machinery and manufacturing”. Monczka (2002) suggested that after 1850’s greatest development of purchasing occurred, which makes a contribution to overall company profitability. The modern purchasing functions of the supply chain were applied in World War I and in the period of 190 to 1939 to purchase of raw materials with the particular focus on procuring raw materials. During World War II (1939-1945), the courses in the business logistics were offered in various US universities. After that value analysis techniques developed, pioneered by general electric in 1947, so the main focus was on satisfying consumer demands and growing industrial market. The main emphasis was given on finance, marketing, operations and research &
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