In this issue Student Articles Crossword Puzzle Do You Know Fun Facts
Volume 05, Issue 02 , April, 2016
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“If you fail to plan, you plan to fail” - Anonymous
Collaboration as catalyst for successful Retail Supply Chain One of the major challenges for supply chain teams for retail business is to match the pace of the continuous evolving innovation. Retails of today’s market target the activities ranging from competitive and new product development to assist finance of customers purchase. In today’s scenario when the suppliers are more geographically disseminated than ever, it shapes the product mix to become more broad and complex, also it escalates pressure due to shortening of product lifecycle. Thus it’s crucial for the retail supply chain teams to look for ways to increase in-stock availability, new product offerings, capacity management and to streamline omni-channel initiatives. The main strategic challenges faced by retail supply chain executives are: How to delight my customers? Are we monitoring the customers’ needs in markets? How much inventory to keep and where? What kind of supply chain network should I practice? How can we efficiently leverage technology? A Model which addresses most of the questions raised above is once developed by Deloitte which they comprehensively called Retail Supply Chain Maturity Model. The takeaway from this model is, the
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leading retailers focus on collaboration with their suppliers. (Isabelle, Scott and Karin, 2014) One of the essential step for a more agile and more customer focused supply chain is collaboration. There should be some synchronization in the value chain between the retailers and the trading partners from tip to tail and they must collaborate to plan every stage of product lifecycle. The key areas to collaborate are: 1. To bridge the gap at the early stages of the product lifecycle. 2. Build a demand-driven network: design for agility and resiliency. 3. Be connected with suppliers and work closely in a collaboration. These key areas will act as a ‘Game Changer’ with dramatically improved supply chain visibility and execution, it will transform the performance of company’s supply chain. The takeaway is, the absolute law of the retail world is: “Consumers want what they want when they want it, at a price they are willing to pay.” The close .
collaboration is needed between retailers and suppliers to stay ahead of volatile needs of customers. No matter where in the world demand is changing information, demand data, and reliable forecasts comfort them to stay ahead of the market. ~ Saurabh Sao, JGBS 2014
The economic impact of e-commerce E-commerce is a practice which is always changing and affects the practice, timing and technology to business to business and business to consumer commerce. B2B ecommerce leads the way in all ecommerce sales as it is developed out of the electronic interchange networks during 1970s and 1980s. The growth of B2B e-commerce has change the face of company’s world as it has impact of the profit picture both micro-economically and macro-economically. Even B2C ecommerce also shows a considerable growth from its starting on 1999 to today. During the time or recession in US the .
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Crossword Puzzle 5
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ACROSS: 1) The process by which supply contracts are let by purchasing. 2) A multiple of units in a plant designated for any purpose such as packaging, outside services, etc. The number of production units in an aggregation of units that can be produced by an activity 3) Customer requirements measured in production or sales per unit time DOWN: 4) Usually the prediction of customer sales and the subsequent manufacturing schedule. 5) Ordering of production to meet forecasted or actual customer demand. 6) A formal complaint filed by a union member against a company. The resolution of grievances is a formal process also defined by contract. 7) The excess of the cost of an acquired company over the book value. Intangible values on a company balance sheet. ~ Saurabh Sao, ( JGBS 2014)
(Continued - page 1) e-commerce has shown considerable
(Source: PLS Logistics Services)
Do You Know? "If you joined together all the sausages that the logistics industry delivers in a year, they would reach beyond the moon."
Editorial Board: Jyoti Kumari, Monal Pandey, Maharshi Mehta Saroj Koul. Jindal Global Business School
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growth contrast to the other mode of retail sales which showed a huge decline. A large portion of e-commerce retails comes from online purchases which usually have a conventional mail order houses. The growth of B2C ecommerce has a huge impact on society than the growth of B2B e-commerce. Now, people are able to make online purchases any time of the day any time of the week which saves a lot of energy and time. This growth also has huge impact on the parcel delivery system as the B2C ecommerce rely on courier or mail system to deliver their products. Because of the intertwining of globalization, ecommerce and technology small changes any part of the world is affecting the sales rapidly all over the world. Also very quick response to major economic changes during recession can affect the sales badly. Supply chain management systems should be developing strategies to cop up with the growing demand of e-commerce. ~ Jyoti Kumari (JGBS 2015)
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