NOLEGEIN-Journal of Supply Chain and Logistics Management

A Concentrate on Indian Economy and effect of Coronavirus Pandemic on Indian Economy

Dr. Satish Mewada, Dr. Satish Kumar Singh, Pallavi Tiwari — Tue, 23 Apr 2024 00:00:00 +0000

India has arisen as the quickest developing significant economy on the planet according to the Focal Measurements Association (CSO) and Global Money related Asset (IMF) and being one of the main three monetary powers of the world throughout the following 10-15 years is normal. It is the tenth biggest economy by Gross domestic product and liable to be the third biggest economy with a Gross domestic product size of $15 trillion by 2030.The economy of India is at present the world's fourth biggest regarding genuine Gross domestic product (buying power equality) after the USA, China and Japan and the second quickest developing significant economy on the planet after China. It is additionally the eighteenth quickest developing economy and the second quickest developing significant economy on the planet, as indicated by the CIA World Facebook-2013.The economy was at that point in a parlous state before Coronavirus struck. With the drawn-out far-reaching lockdown, worldwide financial slump and related interruption of interest and supply chains, the economy is probably going to confront an extended time of log jam. The greatness of the monetary effect will rely on the length and seriousness of the wellbeing emergency, the term of the lockdown and how the circumstance unfurls once the lockdown is lifted. In this paper, we talk about the effect of Covid on different areas of the economy, the stock and subordinates’ market and break down the circumstance by utilizing a few pointers like the Gross domestic product development rate, joblessness rate, and significant strategy changes in fragments of the economy and so forth.

Best learning site for logistics managers in the 21st century - Six Sigma

S. SHIMPI, Ganesh Radhakrishnan — Tue, 23 Apr 2024 00:00:00 +0000

Six Sigma is a term used in statistics to refer to standard deviation and is a measure of the measurement of standard deviation. A series of actions or modifications to the procedure. It is used for three things; development process, process Design/Development and Process Management. This is a disciplined process focused on development and delivery. Nearly perfect products and services. Evaluate the effectiveness of our processes according to customer needs DMAIC Path. This is a continuous improvement for all situations. Six Sigma encourages cultural change. However, because the number of pharmaceutical companies facing increasingly intense commercial competition is increasing. Create tactics based on designs from other sectors, like Six Sigma.Generally speaking, Six Sigma is good and a culture of learning, sharing and eternal happinessLogistics managers may enhance overall efficiency, minimize risks, and optimize operations by incorporating Six Sigma ideas into their work as they negotiate the intricate web of contemporary supply chains. This essay promotes the use of Six Sigma as a transformative instrument to help the logistics industry develop a culture of continuous improvement, learning, and teamwork. This study highlights how Six Sigma may be used to a variety of industries, including the pharmaceutical industry, to meet the changing needs of commercial rivalry. Logistics managers that adopt Six Sigma set out on a path to achieve organizational excellence that is marked by creativity, tenacity, and an unshakable dedication to customer-centricity. Therefore, in the 21st century, while we strive for operational excellence,

Analyze Impact of Digital Transformation on The Retailing Value Chain

Abdul Hakim Noori, Hekmatullah noori — Sat, 10 Feb 2024 00:00:00 +0000

The impact of digital transformation on the retailing value chain is a significant area of study, with implications for the entire sequence of activities involved in delivering a product or service to consumers. The value chain in retail encompasses every stage, from product creation to customer satisfaction, and can be optimized to gain a competitive edge. Digital transformation has been found to erode institutional retailing as the primary interface to the customer, leading to a redefinition of the supply chain into a value chain Key pillars of value chain success include agility, resiliency, collaboration, and sustainability, and technology such as artificial intelligence, machine learning, and automation are transforming supply chains into holistic, integrated networks focused on value creation Understanding the value chain and strategically applying IT solutions is essential in navigating the evolving landscape of the retail industry The value chain can be a great framework for digital transformation, helping to streamline data and automate value-adding activities. Digital disruption is reshaping the old idea of institutional retailing as the main customer contact, leading to a fundamental redesign of the supply chain into a more flexible and customer-centric value chain. This change emphasizes how crucial sustainability, adaptability, resilience, and teamwork are to the success of value chains. Retailers may leverage advanced technologies like automation, machine learning, and artificial intelligence to convert their supply chains into flexible, interconnected networks that prioritize customer value creation and delivery over operational efficiency. Using IT solutions strategically in the context of the value chain is crucial for navigating the retail industry's complicated and constantly changing environment. Retailers may simplify data by utilizing digital tools and insights.

Culture And Customer Journey

Ganesh Radhakrishnan — Tue, 16 Apr 2024 00:00:00 +0000

Culture dominates the human soul, starting from tradition and conceptualization of culture. It can be described as the outcome of common customs, standards, and values that are passed down from generation to generation among members of a society.. Keeping this fact in mind, in a country with a rich heritage like India, it is important to learn how decisions can be well informed to create a culture so that Indian traders can form and enjoy their business policies accordingly. Consumers are more important than a profitable business. Mistreatment Self-administered surveys with 444 respondents in the city of PCMC Area were used to gather data.. Initially, researchers demonstrated the relationship between 444 cultural determinants (such as gender, age, education, and religion) through t-tests and one-way ANOVA. Regression analysis was conducted to investigate the relationship between this decision numbered and the purchasing behavior of consumers, and the results showed that there was no relationship established by the judge with consumer behavior. The customer journey metaphor refers to the steps a person takes to build a relationship with a brand or gain the satisfaction of purchasing a product

Algorithm in E-commerce logistics

Muhammad Razi noori, Dr. Mohammad Salem Hamidi — Sat, 30 Mar 2024 00:00:00 +0000

First, the logistics information for e-commerce is explained. A detailed analysis is also done on the block chain technology, cryptography technology, block chain consensus algorithm, block chain application scenarios, and other relevant technologies. In the end, a block chain model for tracking logistical information in real-time for e-commerce is developed. It is discovered that data will only be saved on the chain when more than 51% of the distributed system's nodes certify that the data are accurate. If not, there would be no impact on the chain's data. Finally, the model description and hypothesis of real-time tracking of e-commerce logistics information based on block chain technology are veriﬁed to provide guarantee for improving real-time tracking of e-commerce logistics information. provide defence against unauthorized modifications or tampering. We validate the proposed model and assumptions at to show how well they work to improve the real-time tracking capabilities of e-commerce logistics information systems. The end This study is a first step toward integrating blockchain technology to improve the dependability and effectiveness of e-commerce logistics operations. The demonstrated effectiveness of the suggested model and its underlying assumptions presents a viable approach to augmenting the e-commerce logistics systems' real-time tracking capacities. This study lays the foundation for future developments in the area by integrating blockchain technology as a first step toward improving the reliability and effectiveness of e-commerce logistics operations

Financial Ratio Analysis of An Automobile Industry-Tata Motors

Jatinder Kaur, Mukesh Kumar Gupta, Arpit Jain — Sun, 31 Dec 2023 00:00:00 +0000

Tata Motors, one of the largest car companies globally, was established in India in 1945. This project aims to conduct a financial statement analysis of Tata Motors, how the company has performed in the last 4 financial years, how its financial position has been affected, and how it can overcome those issues if it meets certain criteria. The analysis has been done via financial ratio and data analysis, as per the accounting guidelines. The research done on this topic is completely based on secondary data, which includes annual reports, Sensex reports, etc., and is based on descriptive analysis. The time period chosen for statements is 2019–2022. In the end, it is concluded that the Tata Motor’s downfall has been significant but is expected to rebound because of the name and acquisition of several other car companies, along with its different joint ventures. After the study, it can be said that the company is expected to recover the loss it attained during the period of international lockdown due to COVID-19, if it is successful in managing both its assets and the debt it has raised According to the report, Tata Motors' financial performance significantly declined throughout the given time, which had a negative impact on the company's overall financial condition. The impact of the COVID-19 epidemic and related worldwide lockdowns are among the many variables that are blamed for the company's difficulties. This research attempts to clarify the particular regions that have contributed to Tata Motors' downfall by means of a thorough analysis of important financial metrics.

Logistics Industry 2024

Ganesh Radhakrishnan — Fri, 10 Nov 2023 00:00:00 +0000

In an ever-evolving environment, the logistics industry is riding the wave of technological advancement, process automation and environmental protection. To be successful in this age of intense competition, logistics companies need to quickly adapt to new technologies, pioneering processes and strategic ideas. As logistics technology advances to new heights, agility and reliability will define the future of business. The logistics industry is a complex network of businesses, organizations, and activities involved in the management, movement, and storage of goods, services, and information throughout the supply chain. It plays a crucial role in ensuring that products are efficiently and effectively transported from manufacturers to consumers. The logistics industry is crucial for businesses to meet customer demands, reduce costs, and maintain competitiveness. It is a dynamic and evolving field, influenced by technological advancements, global trade trends, and the ever-changing demands of consumers. Effective logistics management is essential for businesses to streamline operations, reduce lead times, and enhance overall efficiency. Logistics companies need to stay aware of relevant events and trends to stay one step ahead and remain competitive. Businesses that embrace the newest developments and obstacles in the logistics sector and employ efficient instruments to execute them are likely to succeed

Review on the Algorithms Uses in E-commerce Logistics

Mohammad Salem Hamidi, Mohammad Razi Noori — Mon, 29 Jan 2024 00:00:00 +0000

The integration of algorithms in e-commerce logistics has become increasingly important in recent years. The aim of this research paper is to explore the role of algorithms in e-commerce logistics and their impact on the efficiency of last-mile delivery. The study will adopt a qualitative research approach, incorporating a literature review and case studies to provide a comprehensive analysis of the issue. Key aspects of the study include A review of the literature on e-commerce logistics and the role of algorithms in optimizing last-mile delivery. An examination of the challenges faced by e-commerce logistics and the potential benefits of algorithmic solutions. An assessment of the impact of algorithms on the efficiency of last-mile delivery, including the reduction of delivery times and costs. An exploration of the ethical implications of algorithmic solutions in e-commerce logistics, including issues of privacy and bias. A discussion of potential strategies for optimizing e-commerce logistics through algorithmic solutions, including the use of machine learning and artificial intelligence. By providing a comprehensive analysis of the role of algorithms in e-commerce logistics, this research paper aims to contribute to the ongoing effort to improve the efficiency and sustainability of last-mile delivery. The study highlights the potential benefits of algorithmic solutions in e-commerce logistics, while also emphasizing the need for ethical considerations and proactive responses to mitigate potential negative impacts

Review on Approaches to Eveluating Online Store

Dawood Shah Nazari, Mohammad Salem Hamidi — Tue, 30 Jan 2024 00:00:00 +0000

The development of internet shopping has caused substantial changes in customer behavior and the evolution of online retailers. This paper aims to explore various approaches to evaluating online stores and their impact on customer experience. The study looks at the following aspects: Theoretical Model for the Unified Online Customer Experience: The research proposes a theoretical model for a unified online customer experience, drawing from existing literature on consumer behavior in online retail settings. The Digital Evolution of Consumer Purchasing Methods: The research investigates the increase in online sales and its impact on in-store purchases, confirming the emergence of phenomena such as showrooming. Construction of Online Shopping Experience: This research enhances the theoretical understanding of online consumer experience in the context of e-shopping by using a representative grid method. Analyzing and modeling changes in online shopping behavior: The study examines and models changes in online purchasing behavior caused by external events, such as the COVID-19 epidemic, and their impact on the balance of online and in-store shopping. Online shopping continues after COVID-19.: The article investigates the continuation of online buying behavior in nations such as Canada, Germany, and the United States, comparing preferences and trends in the post-pandemic era. Equal is an instrument for consumer evaluation of websites. The study presents WebQual, a method that assesses customer satisfaction with website performance and usability. Cross-Country Comparison of Online Shopping Behavior: The study conducts a cross-country comparison of online shopping behavior, highlighting the influence of cultural and economic factors on consumer preferences. By exploring these various approaches to evaluating online stores, the paper aims to provide a comprehensive understanding of the factors that influence customer experience in online shopping environments and the potential implications for the future of e-commerce.

Impact of Supplychain and Logistics Management on the Productivity of Construction Sites: A Comparative Work Study Analysis of Masonry and Plastering

Amadi Alolote , Beals, Sampson Alele — Fri, 03 Nov 2023 00:00:00 +0000

Productivity on construction sites is impacted by the efficiency of supply chain and logistics management. Productivity on construction sites is a scientific concept that can be empirically observed and measured via work study. In this paper, a comparative work study was carried out on two selected construction sites-A and B located in Port Harcourt, to acquire direct measurement information on the productivity of selected trades. The sampling method for site selection took into consideration ongoing building projects under construction, having many craftsmen, and unskilled workers. Therefore, although, the construction sites selected had various operatives and tradesmen belonging to diverse trades, the focus of the study was on masons, carrying out plastering and masonry works. A total of 31 skilled and unskilled workers were observed in the work study. From the analysis of the study carried out, the average daily productivity in block laying was found to be 22.58 m² for site A and 23.74 m² for site B. The average daily productivity in plastering was 18.67 m² for site A and 19.71 m² for site B. The average variation in the productivity of masons in block laying and plastering was found to be 4.22 m² (site A), 4.81 m² (site B) and 2.06 m² (site A), 1.46 m² (site B) respectively. The work study analysis carried out in this study shows that the daily productivity of the craftsmen (masons) under investigation in block work and plastering is low (22.56 m² per gang of 4) in block laying which is about 5.6 m² per person per day. This output is lower when compared to the acceptable productivity standard in Nigeria. The variations in the output of block laying and plaster were mainly caused by supply chain and logistics issues, leading to delays in materials delivery. The outcome of the work study provides empirical evidence useful for addressing these factors and serves as a basis to systematically improve the productivity of plastering and masonry works via more efficient supply chain and logistics management on construction sites.

Marketing Channels and Strategy of Amazon: An Analysis of Customer Obsession, Low Prices, Product Selection, and Convenience

Vidhi Dhyani — Sat, 20 May 2023 00:00:00 +0000

This case study explores the marketing channels and strategy of Amazon, one of the world's largest
online retailers. Amazon has used a variety of marketing channels such as online advertising, email
marketing, affiliate marketing, social media, and a mobile app to reach its customers. The company's
marketing strategy is focused on customer obsession, low prices, product selection, and convenience. By offering a wide range of products and services, competitive pricing, and a customer-centric approach, Amazon has been able to maintain its market position and build a loyal customer base. The study concludes that Amazon's marketing approach is a testament to the power of innovation and customer-centric marketing in the e-commerce industry.

Sustainable Supply Chain Practices in the Food Industry: Lessons from a Food Chain Company

priyanjali — Sat, 20 May 2023 00:00:00 +0000

This case study examines the supply chain management practices of a restaurant chain called Fresh
Eats. The company's focus on local sourcing, inventory management, quality control, and centralized
distribution has enabled it to maintain a reliable and efficient supply chain, ensuring that each store
has a steady supply of fresh ingredients. By prioritizing these practices, Fresh Eats has been able to
provide fresh, healthy meals to its customers consistently. This case study demonstrates how food chain companies can improve the quality of their products, reduce waste, and create a more sustainable supply chain by implementing effective supply chain management strategies.

A Study on Managing Workforce Ecosystem of the Budding Start-up in India

Dr. Abhinica sahu — Sat, 20 May 2023 00:00:00 +0000

Managing the workforce ecosystem of a budding start-up in India can be a challenging task, but it is crucial for the success of the business. In this context, it is important to understand the needs and aspirations of the employees and create a work environment that promotes collaboration, creativity, and innovation. Effective workforce management involves recruiting and hiring the right talent, providing them with adequate training and development opportunities, creating a positive work culture, and maintaining open communication channels. Employee engagement and motivation are key factors in the success of any start-up, and it is essential to offer competitive compensation, incentives, and benefits to attract and retain the best talent. Moreover, in India, start-ups face unique challenges such as a highly competitive job market, skill shortages, and a diverse workforce with different cultural backgrounds and expectations. To navigate these challenges, start-up leaders must be adaptable and flexible in their management style and strategies. Overall, managing the workforce ecosystem of a budding start-up in India requires a combination of empathy, strategic thinking, and proactive measures to create a conducive work environment that fosters growth, innovation, and success

Biomimicry and Waste Management

Ganesh Radhakrishnan — Sat, 20 May 2023 00:00:00 +0000

The rapid development of science and technology, as well as the growth of the population and the global problems require the study and solution of these problems through various methods, including many scientific disciplines or techniques. The increase in waste and the unsystematic depletion of natural resources requires new concepts and tools to create new environmentally friendly products. A new “circular economy” strategy is taking the place of the linear economy, which was founded on the “take, make, and discard” tenet. The circular economy seeks to lengthen product lifespans, cut waste, and manage natural resources sustainably. Biomimicry and cradle to cradle are two examples of circular economy trends or techniques. While cradle to cradle aims to reduce waste by utilizing nature's expertise, electronic technologies often attempt to solve problems by emulating natural processes. Understanding nature, its systems and cycles will provide comparisons and models for creating innovative solutions to global problems.

A Study on Opportunity and Challenges in Effective Utilization of Supply Chain Management in Sporting Industry of India

Anubha Thakur — Sat, 20 May 2023 00:00:00 +0000

Supply chain management plays a crucial role in the sporting industry of India, which has been growing rapidly over the past few years. However, the effective utilization of supply chain management in this industry is still a major challenge. This essay intends to investigate the advantages and disadvantages of applying efficient supply chain management techniques in the Indian sporting sector. The paper begins by providing an overview of the sporting industry in India and highlighting the importance of supply chain management. It then discusses the various challenges faced by the industry in effectively utilizing supply chain management practices, such as the lack of infrastructure, inadequate technology, limited availability of skilled labor, and insufficient investment. Despite these obstacles, the Indian sporting sector has a lot of room to improve its use of supply chain management techniques. These opportunities include improving the distribution network, reducing lead times, enhancing product quality, and achieving cost efficiencies. To overcome the challenges and leverage the opportunities, the paper suggests several recommendations, such as investing in technology and infrastructure, creating a skilled workforce, and developing partnerships with suppliers and logistics providers. In conclusion, the effective utilization of supply chain management in the Indian sporting industry presents both opportunities and challenges. While there are several challenges that need to be addressed, there are also significant opportunities to enhance the industry's efficiency and competitiveness through effective supply chain management practices.

Growth and Drivers of FMCG Industry in Indian FMCG Market: An Exploratory Analysis

Ram D. Madhale — Tue, 09 May 2023 00:00:00 +0000

FMCG (fast moving consumer goods) is fourth largest sector and growth driver of Indian economy and accounts for 14% to 15% of GDP. It serves the rural and urban consumers with food and beverages, health care, household and personal care product categories. Present study has analyzed the sales, growth of sales and profit in FMCG industry and reviewed the FDI (foreign direct investment) investment in FMCG sector. Growth is driven by increasing population, demand, income, and FDI in industry. Companies are increasing penetration of brands with small packs, low pricing, awareness, availability, and expansion of distribution network in rural market. Sales of FMCG industry have grown up with the 11.02% CAGR (compound annual growth rate). ITC has made the highest sales in the past decade and Jubilant Food Works has made highest growth rate of 21% CAGR in industry. Companies are partnering to distribute the FMCG products and focused on direct reach through appointing rural distributors to serve the retailers. Technology plays a significant role to get real time information that helps stockiest to get real time order booking and retailers are get optimal delivery. It assists to avoid overstocking and blocking of capital in goods. FMCG companies are making their products available in multiple channels that include traditional, modern, and ecommerce so that consumers can be served through easy availability.

Indian Pharmaceutical Industry Based on SWOT Analysis (2023): A Review

Lata Khani Bisht — Fri, 05 May 2023 00:00:00 +0000

Indian pharmaceutical companies are developing at a very fast pace and contributing to the national economy. India accounts for 10% of world production and ranks third in the world in terms of volume. COVID has changed the whole perspective of “Pharmaceuticals” globally and a SWOT analysis in these newer times is a tool for a company’s strengths, weaknesses, opportunities and threats. There are many pharmaceutical companies in India. Among them, few are the giants of the market and technically more enlightened. Few firms are diminutive as well as conventional. Some companies dominate the whole medicine market in India, as a result, they must contend with fierce rivalry in the drugs sector. Any industry's SWOT analysis examines the key variables that could affect the sector and have an impact on how businesses operate. This review article aims to figure out realizable path to overcome the weakness and threats of company and to make use of the strength and opportunity optimally.

Global Competitiveness in Supply Chain

Tuhin Mukharjee — Fri, 05 May 2023 00:00:00 +0000

Supply chain is a competitive tool for all organizations in present time. Much importance was not given earlier, but now focus has been shifted and supply chain management has got its due importance. It is said that customer is the king and customer satisfaction is the most important factor for the organizations to survive in this dynamic environment. Product should reach the end customer within minimum possible time and in a right condition. Only a happy and satisfied customer can propagate positive words of mouth, which are the biggest advertising weapon for organizations. An efficient supply chain management system is responsible for delivering products to customers and organizations can get competitive advantage. A reverse supply chain management is also equally important for the organization to take back some products to rectify or as a part of green supply chain management. Paradigm has been changed. Supply chain management started to gain attention in the 1980s and it got its due attention in latter part of the 1990s. Supply chain is a critical factor to determine the success of any organization and all organizations understand this. Now we are using sophisticated predictive models in supply chain process.

An Analysis of the Reasons Why Eateries Are Shunning Swiggy and Zomato's Monopoly and the Potential for New, Small Companies

Rushab Ganekar, Sachin Gharat — Fri, 05 May 2023 00:00:00 +0000

Online ordering is becoming increasingly necessary for the restaurant industry. Online ordering has radically changed the food sector. Technology has a subtle influence on the business world, has completely changed the restaurant industry, and will continue to do so. A technologically advanced online meal ordering system has fundamentally changed the culture of restaurants while also bringing people from all over the world to a whole new level of comfort. The market for online food ordering in India is currently monopolized by the two well-known aggregators Swiggy and Zomato, but restaurant owners have been looking for ways to end the monopoly for a number of reasons. Newcomers like Dotpe, Petpooja, Limetray, and Dunzo are thus now being given possibilities. The main objective of this study is to ascertain why restaurant owners are deciding against using Swiggy and Zomato, as well as how new start-ups and competitors are taking advantage of this possibility.

The Impact of Procurement Practices on the Growth of an Enterprise: The Case of DOVV Cameroon

EYONG AKO — Fri, 05 May 2023 00:00:00 +0000

This aim of this work was to study the impact of procurement on the growth of an enterprise. The case study was DOVV Cameroon. The reasons to write on this topic are the irregularities in the process of procurement that is fictitious delivery, substandard supply and partial supply of goods. Based on the problem above, the researcher came out with the following objectives: to investigate if procurement influences the growth of enterprises, to investigate the contribution of procurement to the growth of enterprises, and to. The time involved in the process of procurement on the growth of enterprise and the quality and quantity in the process of procurement were also investigated. The researcher later comes up with theories that match with the research topic: (a) the theory of Gelderman and Semeijin theory, which states that a firm’s supply depends on two factors, namely, profit impact and supply risk, (b) Driedonks theory, which comments on the source of procurement, and (c) the Byatt theory, which states that managers have the responsibilities to know all those involved in the procurement process. This study adopted a mixed research methodology, both qualitative and quantitative research techniques, and relied on the field research conducted both through a survey of administered questions as well as structured interviews. One of the findings of the study was that procurement influences the growth of enterprises. The researcher commended that the procurement of DOVV Cameroon needs to be assessed and trained personnel should be employed to manage the department. Only then the enterprise will be able to solve the above problems thus leading to growth. The study further aimed to add input to the existing body of knowledge concerning the impact of procurement on the growth of enterprises and also to contribute to the existing literature review in logistics and transport management.

The Impact of Inconsistent Tracking on Inventory Management Case Study SOCIETE BUNS-Cameroon

EYONG AKO — Mon, 10 Oct 2022 00:00:00 +0000

As a result of a rapid increase in inventory management and the time required to manage inventory management, many organizations have resulted to the tracking of inventory. Due to this, there should be some means of accurately tracking inventory. Due to this, there should be some means of accurately tracking inventory in order to ease the management of inventory. Some of the most useful methods of tracking inventory are barcodes where every item carries a label that gives information on the items, stock books and the Kanban system. It is against this background that the main endeavour of this project is to investigate if inconsistent tracking has an impact of inventory management with specific objective being to find out the impact of documentation on inventory management. From these objectives the following questions were asked; what impact inconsistent tracking has on inventory management. The theories adapted to back this work were The Just In Time theory by
Taiichi Ohno (1984), The Wilson’s Model for Inventory Management by R.H Wilson (1934) and the Theory of Constraints by Dr Eliyah Goldrath (1984). Conclusions were drawn from the data collected, and recommendations were made, such as using the available tracking software properly.

Three Pillars of Sustainability Performance Measures: Case Study of HUL

Dr. SMRITI GOEL ASTHANA, Priya J — Mon, 10 Oct 2022 00:00:00 +0000

Sustainable development is a fundamental break that is going to reshuffle the entire ecosystem. “India
is presenting a plan to coordinate the three dimensions of sustainable development: social,
environmental and economic, by 2030”. In pursuit of its commitment to global goals by shaping plans
related to development action with proper monitoring and evaluation and has started to promote one
word ‘LIFE’ which means lifestyle for environment encouraging proper utilization instead of
mindless consumption. The purpose of this case study is to highlight how the Indian Inc is responding
to the country’s commitment towards UN’s Sustainable Development Goals (SDG) and meeting the
sustainability pillars: Economic viability, environmental protection, and social equity (EES). The case
study presents sustainability measures adopted at one of the FMCG leaders, Hindustan Unilever
Limited. The researchers have referred to secondary sources available in the public domain.

A Study on Market Fluctuations in Cryptocurrency and Its Impact on Consumers Perception Towards Investment

Nasika Lakshmi — Wed, 28 Sep 2022 00:00:00 +0000

The world of cryptocurrencies is exciting and dynamic. Cryptocurrency is any virtual currency that uses cryptography to secure transactions. Cryptocurrencies lack a centralized issuing authority and instead rely on a decentralised system to record transactions. And issue new units. The use of cryptocurrencies is illegal in some countries, but it is a massive business in others. That authorities have embraced, but cryptocurrency's dominance is undeniable and has taken the market to over $1 trillionIt is supported by the blockchain, a decentralised peer-to-peer network. The process of mining a bitcoin is quite expensive. It has a high toll on resources like money, the users time and electricity. Blockchain technology ensures that all cryptocurrency transactions are recorded in a public financial database. Bitcoin, Ethereum, Ripple are few notable examples of cryptocurrencies. The primary goal
of the research is to investigate the fluctuations in the cryptocurrency market. Cryptocurrency is a crucial step towards decentralised currency. Crypto networks are immutable i.e., it cannot be altered or deleted. There are four and half thousand cryptocurrencies. So you don’t need to go to invest your money in 50, 60, 70 cryptocurrency. You just need to pick few good fundamental cryptocurrencies where intrinsic value is high. The study further examines consumers perception towards investment in cryptocurrency.

Paradigm shift in Supply Chain – Post Pandemic Era.

Tuhin Mukharjee — Thu, 12 May 2022 00:00:00 +0000

Many organizations lost its importance and performance during covid period. Supply chain of many
organizations became totally defunct. Even financial supply chain also was not working and finance
got stuck across the world. Now we need to design the supply chain and supply chain network in a new
way. So we can defend any situation in future. In the 1940s and 1950s, the focus was into material
handling in labor intensive operations and making better use of available resource. In 1980 the total
focusshifted in to supply chain management and it’s a sea change in total approach. But after pandemic
the total scenario has been changed and we need to think to design the supply chain network in a totally
new ways. Efficient supply chain management system should be agile, adaptive and can respond to
changes arising out of any situation. Supply chain has got influence on people & society at large. These
are socio-economic issues like local poverty elevation, supplying essentials commodities in emergency
time; marginalization or unemployment issue etc. supply chain could contribute towards to the
development of community & enhancement of the quality of members of community. In global operation
organizations often encounter stiff competition & in order to have competitive pricing, they force
supplier to bring down the cost. It has been noticed that supplies are forced to bring down their cost
and thus they pay lower wages to the people involved in supply chain operations. Why Supply Chain
Management essential for any manufacturing or services organization? SCM helps an organization to
streamline the process. Think about a retail shop. If they implement supply chain management, they can
effectively track their sale -> inventory -> reordering resulting in optimal utilization of resource and
capital. Think about a software product development organization here using SCM; they can optimize
human resource utilization and manage important milestones, resulting in lower risk in budget overrun.
Let's consider a software service organization. They are bidding for a project, and finally, the client
awarded the order to them. Now, what all they need to do? They need to plan for resource planning.
Will they onboard all the resources (solution architect, business analyst, designer, programmer, tester,
deployment team) together? For sure, they will not. Now, there is another challenge. Resources with
different skill sets have different hiring time and different learning curve to become productive. Here
SCM can play a crucial role to prepare an optimal project plan. It can help the software firm decide
when to onboard which type of resource and when they can be released, resulting in optimal budget
management and profitability

Artificial Intelligence in Supply Chain Management

Sai Varshini Pnamala, Vani Majumdar, Manideep Reddy Bokka, Jahnavi Poluri — Fri, 28 Jan 2022 00:00:00 +0000

Every company's long-term sustainability depends on an effective supply network. Inventory estimation accuracy is a significant competitive advantage. The supply chain's capacity to satisfy demand is affected by weather, excessive seasonality, and changes in customer perception or media attention. Humans can now think at previously unimaginable levels thanks to AI, which has just been shown to act as an extension of the human brain. Instead of replacing humans, artificial intelligence (AI) will enhance our strategic and creative talents. To put it another way, AI refers to a group of computer technologies that can supposedly think for themselves and take action based on what they've learned. Just a matter of time until cloud-based machine learning and information processing techniques take over the world of computers. AI has been shown to save money, generate revenue, and optimize the use of firm assets across a wide variety of corporate sectors. AI is making it feasible for organizations to identify their target clients, demographics, price, and construct the right message for their customers, allowing for near-perfect forecasting and prediction of client demand. Focusing on these four areas of value development is key to gaining a competitive advantage. A combination of artificial intelligence(AI) and machine learning is being used by supply chain executives to achieve three goals: 1) creating waste-reducing designs, 2) tracking production in real-time, and 3) enabling shorter process cycle times. These strategies are critical for bringing new items to market more quickly.

Foreign Direct Investment by Indian Firms: A Study of Resource and Strategic Asset Seeking

V Basil Hans, Leena Nair — Wed, 05 Jan 2022 00:00:00 +0000

India’s internationalization through outward foreign direct investment (OFDI) has registered an increase since the liberalization, privatization and globalization policies in the 1990s. The present study analyses the resource and strategic asset-seeking motivation of OFDI originating from India. The study considers host developing countries based on the categorization followed by the United Nations Conference on Trade and Development in its publication, the World Investment Report. A longer period
of OFDI data 2001-2014 than other studies of India’s OFDI has been considered. The study seeks to analyse the significance of resource-seeking motivation of India’s OFDI even to the developed region. The study empirically tests whether India’s OFDI is resource and strategic asset seeking by adopting a panel data methodology. The result of the panel cointegration test shows that India’s OFDI is positively associated with host countries that have more resources, across both developing and developed countries and strategic assets in the developed region.

Farming-as-a-Service (FaaS) and Software-as-a-Service (SaaS) for Sustainable Agriculture 4.0 Ecosystem: A Supply Chain Management Perspective

Dr. Roop Kishore Singhal — Wed, 05 Jan 2022 00:00:00 +0000

Agriculture is considered as the pillar of India which can fulfill the basic need of every human beings. There is basic need of efficient re-inventions of existing agriculture farming practices, combined with tech-driven innovations. Promoting new technologies to strengthen India’s agricultural research and productivity is one of the most important needs for agricultural growth. For disaster recover from the economic crisis, natural calamities, farmers in India are progressively adopting smart farming technologies like Farming-as-a-Service (FaaS), Food-as-a-Service (FaaS), Agriculture Drone-as-aService (DaaS), Equipment-as-a-Service (EaaS), Agriculture Robot-as-a-Service (RaaS) and Software-as-a-Service (SaaS) models for Sustainable Agriculture domain to address the emerging issues. There is poor access to existing agriculture software application to all stakeholders of agriculture and there is no any unique software app having all FaaS available in single platform. In this paper researcher focuses on the importance to develop end-to-end innovative farming-as-aServices. As technology solution for all agriculture stakeholders like farmers, start-up, Farmepreneur, governments, Agri-entrepreneurs, equipment suppliers, agronomists and IT vendors etc.

Supply Chain Risk And Flexibility

Tuhin Mukharjee — Tue, 04 Jan 2022 00:00:00 +0000

Abstract:

Primary function of supply chain is to take products from creation to delivery, but it can provide a competitive advantage within your industry & with your customers as well. It can make your customers loyal for life time & satisfy demands of customers in a very efficient way. The main objective of supply chain is to create visibility, reducing waste, streamlining the whole process, reducing errors & duplications. It is very important to measure the risk of supply chain. Otherwise it is not possible to make an agile supply chain system that could response to change to any circumstances. Supply chain system must be flexible and agile to cater the demand of new economy.

Supply chain in 21st century

Tuhin Mukharjee, Abir Mozoomdar — Tue, 04 Jan 2022 00:00:00 +0000

Supply chain is competitive tool for all organizations in present time. Supply chain is becoming important for all organization. Paradigm has been changed. Agile supply chain is becoming more important and it is question of survival for organization to make best bread of supply chain to survive in this competitive and dynamic business world. . Supply chain dynamics is going to be changed as we are approaching towards a new world order. The supply chain term implies leaner structure, but it is quite misleading. Supply chain network and structure is not leaner and the term is quite misleading. Leaner structure deals with idealized scenario. Real world shows a different scenario. Technologies are being used to make supply chain process better, smoother and more competitive. Analytics and data science is going to change the total dynamics of the supply chain industry.Supply chain is one of the important modern-day approaches of a cost-effective organization. It looks at a proactive approach along with best Practices and aims at reducing overall costs and indirectly improving the bottom line. A paradigm shift in dealing with vendors helps in moving the supply chain operations to a world-class level.

Procurement Assessment of High-Density Polyethylene Pipe in Department of Water Supply and Sewerage, Nepal

Anjay Kumar Mishra, Lokendra Prasad Yadav — Mon, 11 Oct 2021 00:00:00 +0000

High-density polyethylene pipe is a major part in procurement of Water Supply Projects in
Nepal. Overall objective of this research was to analyze the procurement management analysis
within Department of Water Supply and Sewerage (DWSS). The study was based on online
questionnaire survey among senior employees of DWSS. The management duty assignment in
contractual process seems significant for quality assurance. In DWSS, sometimes all the
procurement process was made by regional offices and sent for payment to district offices. All
procurement process should be made from district offices to make more responsible. Test
certificates as per NS 40 should be mandatory in the frequency set by Nepal Bureau of
Standards and Metrology. Office Chief and Engineer should be assigned for quality assurance.
Length and weight both should be considered in procurement process. Regional laboratory for
high-density polyethylene pipe testing should be established by DWSS. Transportation cost of
high-density polyethylene pipe should be based on analysis of transportation from truck up to
the nearest road head. High-density polyethylene pipefittings should be purchased based on the
detailed drawing of pipeline network and actual need basis.

Integration of Forecasting in Supply Chain Forecasting and Supply Chain Planning

Chiranjeev Jha — Sat, 04 Sep 2021 00:00:00 +0000

Big corporates nowadays see forecasting in a light different from that was seen decades ago. The topnotch strategists came to realize that demand forecasting in and of itself was not particularly helpful
for a company. During the surveys they came across many companies that were pretty good at
forecasting, but they still struggled with their inventories, fill rates, and costs. The reason they
struggled with these problems was not that they were not forecasting well. The reason was because
they were not doing a good job of translating their forecasts into good business decisions. Sales and
marketing were not communicating well with their supply chain colleagues, and vice versa. Putting in
other words, the fact came to the surface that forecasting was not the only thing that companies
needed to work on. They also needed to work on those integrating processes that facilitate
communication between the demand side of the firm (sales and marketing in a manufacturing context,
and merchandising in a retailing context) and the supply side of the firm (the supply chain
organization, or logistics, procurement, and operations).

Indian Fruits & Vegetables Supply Chain Management

Ganesh Radhakrishnan — Wed, 18 Aug 2021 00:00:00 +0000

Purpose: In recent years various issues and challenges are faced by Indian Fruits and Vegetables
sector particularly regarding the chain of supply system. To study the supply chain of Fruits and
Vegetables sector in our country a list of likely challenges and ways are suggested in this paper. The
main aim of this paper is to explain and discuss the issues which are affecting the supply chain of
fruits and vegetables sector. This paper tries to provide various strategies to overcome the identified
issues and challenges faced by this sector. Design/methodology/approach: The supply chain of Fruits
and Vegetables sector has been explained and attempt has been made towards identifying the issues
affecting the supply chain of the sector. The present study undertakes a thorough review of basic and
contemporary literature available and tries to explain the factors affecting the supply chain of Fruits
and Vegetables sector in India The literature has been divided into various themes according to the
issues in the supply chain and an investigation has been attempted to identify various factors affecting
the supply chain. (Descriptive research has been used for this study). Findings: The study found that
Cold Chain Facilities; Fragmented Supply Chain; Linkages and Integration between the partners;
Taxation Issue; Infrastructure Facilities; Cost of Packaging Material; Technology and Techniques;
Farmer's Knowledge and Awareness; Quality and Safety standards; Processing and Value Addition;
Supply Chain inefficiency; Farmers income; Supply chain losses and wastage of fresh produce;
Transportation facilities; Demand and market information etc. are the factors which constitutes
serious challenges for Fruits and Vegetables sector and are affecting the overall growth of the
agricultural development of India. Research limitations/implications: The authors have focuses only
on Fruits and Vegetables sector, authors may look at other sector like food processing unit, cold
chain and other perishable items such as meat, dairy industry, chocolate, beverages etc. Practical
implications: Overcoming these issues and challenges will benefit the decision makers and various
stakeholders like the farmers, state government, transporters and food processing unit to understand
the current status, issues and challenges for better planning and management in the field of fruits and
vegetables supply chain. Originality/value: Most of the prior literature have been focused on the
general issues like cold chain, marketing efficiency etc. of fruit and vegetables supply chain. There
exists a need of having review on supply chain specifically in F&V sector, identifying all the factors
affecting it and suggest mitigation strategies. This review fills this gap in the literature of supply chain
management of Fruits and Vegetables sector.

Evaluation of Inventory Management Practice (The Case of Anbessa City Bus Service Enterprise, Addis Ababa)

Shaiku Shahida Saheb — Tue, 04 Jan 2022 00:00:00 +0000

The main purpose of this study was to evaluate inventory management practice in the case of Anbessa City Bus Service Enterprise (ACBSE), Addis Ababa. The study employed explanatory research design with mixed research approach. A sample 94 employees are selected by using purposive sampling method from the population of 143 employees of the enterprise concerning to inventory management. For this study mainly primary data were collected by using structured questionnaire, besides that secondary data were also gathered form the documents of the bureau. The collected data were analyzed by using descriptive statistics and regression model by using SPSS version 24. The major findings of the study were internal control and information technology have positive impact and long bureaucratic process and inventory holding cost have negative impact on the effectiveness of inventory management practice of the bureau. The researcher concluded that poor inventory planning, improper counting of inventory, lack of proper use of technology and long bureaucratic processes were hampering the inventory management practice of the enterprise. Hence the researcher recommended that proper use of existing technology, use of new technologies in inventory management and employees needs to train for the effective implementation technology. Further researcher recommended that proper planning and coordination among the departments and use of technology to avoid stock outs, delays in procuring inventory items, strong internal controls and easing bureaucratic process for effective implementation of the inventory management practice.

Supply Chain–Significance and Future Trends

Tuhin Mukharjee — Mon, 26 Jul 2021 00:00:00 +0000

Supply chain is competitive tool for all organizations in present time. Much importance was not given
earlier, but now focus has been shifted and supply chain management has got its due importance.
Paradigm has been changed. Product development has become very important. Supply the product to
consumers is also important as consumer is now more demanding. Supply chain dynamics is going to
be changed as we are approaching towards a new world order. Supply chain is very important for all
organizations and it could give competitive advantage in this dynamic situation. Technologies are
being used to make supply chain process better, smoother and more competitive. Analytics and data
science is going to change the total dynamics of the supply chain industry. Supply chain management
started to gain attention in 1980’s decade and it got its due attention in later part of 90’ decade.
Supply chain is a critical factor to determine the success of any organization and all organizations
understood this. Now we are using sophisticated predictive models in supply chain process.

Supply Chain Management–What and Why?

Amit Ganguly — Fri, 16 Jul 2021 00:00:00 +0000

Supply Chain Management is critical for any manufacturing, Retail and services company. It helps to
manage the flow of goods and services from the beginning till the end. It handles the entire process
flow from end to end virtually for any business organization. Supply Chain cover everything from
manufacturing, inventory, Software product development, Software Services industries. Using robust
supply chain management, the organization can optimize their resource utilization and capital
management.

Indian Pharma Supply Chain: Making Right Quality, Right Time, Right Patient a Reality

Mon, 26 Jul 2021 00:00:00 +0000

Global supply chain, catering to any industry, plays a crucial role in navigating the product to the
right customer or consumer. Pharmaceutical supply chains are driven by the same need to fulfil the
demands of the market. With Indian Pharma market being stringently regulated and the various
opportunities it offers, the supply chain plays a key role in delivering a safe and efficacious product.
India being the hub for generics and with exports close to exceeding the imports, it becomes
important to have a strong supply chain. This is because the products need to be safe and the quality
is supposed to be the prime aspect that needs to be governed. Supply chain logistics ensure that the
products remain safe in transit. This coupled with the boom in the biologics market has led to a boom
Indian Pharma supply chain is now more than ever. With many challenges which can some in the
way, it becomes crucial to understand and navigate our way through them to obtain a superior
system, which is both reliable and efficient. A changing market brings about various opportunities
which can be exploited to raise the bar of this industry. Thus, this article talks about the growth of
Pharma Supply Chain in India and Worldwide, the need to transform supply chain and discusses the
challenges and opportunities faced by cold chain and solid dosage form supply chain. It also brushes
on the reasons why India is considered as the Pharmacy of the World. With such a dynamic market,
especially because of COVID-19 pandemic, it becomes important to understand and reinvent the
supply chain to provide the boost this industry deserves.

A STUDY ON IMPORTANCE OF INDUCTION PROCESS IN SIGNWARE TECHNOLOGIES, COIMBATORE, TAMILNADU

Boopathi . S, Johnpeter .C, Kathiresh.R, Nagaraja .M — Mon, 07 Dec 2020 00:00:00 +0000

Induction is a very important process which is most essential to the new employees when they join the organization. This programme will train the employees to become productive. Once the employees are appointed, they should be committed and perform effectively and efficiently. The organization has to plan the system and induction process and adopt into the organization’s overall training plans. Induction / Orientation is the first important step in the human resource management. The newly appointed employee has to be familiarized to the work environment of the organization as well as to the colleague employees.This paper titled “A Study on Importance of Induction Process” aims to understand the importance and the effectiveness of the induction process in Signware Technologies. Through this project , the researcher wants to analyze the opinion of the employees about the induction programme conducted in Signware Technologies. This study also helps to determine the relationship between the induction input and opinion about the employee output. Responses are collected through questionnaire for this paper. A Sample of 110 employees has been chosen for this study. Simple percentage analysis, one way ANOVA, T-test, weighted average, Chi-square test and correlation analysis are used to analyze this project statistically. We recommend that employee induction should last more than one day, usually 2-5 days. Employee induction should always start with HR's welcome from the appointed host from that department, who is responsible to guide newcomer through department in order to introduce him to the other. Based on the other findings, suitable suggestions have been given to the management.

Success and Setback Profile of You tube as Advertisement Platform in Indian Market

Dr. Ganesh R — Sat, 05 Dec 2020 00:00:00 +0000

Advertisement plays a major role in familiarising the product or service of a firm to the public. Success of an advertisement depends on choosing the right platform and targeting potential customers and eventually creating value to the firm. People who watch videos in You Tube has tremendously increased and business firms started to explore You Tube platform in advertising their products. Success potential of an advertisement would be high if predictive skill in targeting potential customers alone resulting in personalised advertisement or behavioural advertisement a true concept. The present study is an attempt to analyse the success and setback profile of You Tube as an advertisement plassssssstform in Indian market. This study will be helpful for all the business firms in their market analytics.

Supply Chain For Sustainable Development & Growth

Tuhin Mukharjee — Sat, 05 Dec 2020 00:00:00 +0000

Supply chain management has got immense importance in present time & it is used for sustainable development & growth. Supply chain strategy must be in line with corporate strategy & business strategy. An organization may have strategic business units (SBUs) for various purposes & thus must have SBU strategy. SBU strategy must be linked with corporate business strategy & both of them must be integrated with supply chain strategy. For long run to survive, supply chain system must be agile, effective & dynamic. Speed is another important aspect in today’s business world. Speed of delivery of goods or service to end customers can give sustainable development & growth to the organizations. Today’s business environment is very unpredictable & dynamic. Standing in this kinds of dynamic environment, organizations needs to be flexible enough and an efficient supply chain system must be developed. Green supply chain is another aspect where all organization should focus on. There are lots of debate & discussion regarding green supply chain management & how it should be implemented. For sustainable development & growth, green supply chain is the thrust area. Organizations must focus on strategic cost management also. Increasing quality & reducing cost can give sustainable development. Economic condition & management capability is another thrust area where organizations need to think upon. Economic condition may change from time to time & organization must be in a position to adopt it. Firms need to improve its process capability to survive for longer period of time & can develop competitive advantage.

Supply Chain as a Competitive Tool

Tuhin Mukharjee — Sat, 05 Dec 2020 00:00:00 +0000

Supply chain is competitive tool for all organizations in present time. Much importance was not given earlier, but now focus has been shifted & supply chain management has got its due importance. It is said that customer is the king & customer satisfaction is the most important factor for the organizations to survive in this dynamic environment. Product should reach to the end customer within minimum possible time & in a right condition. A happy & satisfied customer only can propagate positive words of mouth which are the biggest advertising weapon for the organizations. A efficient supply chain management system is responsible for delivering products to customers & organization can get competitive advantage. A reverse supply chain management is also equally important for the organization to take back some products to rectify or as a part of green supply chain management. An agile supply chain management system stands on efficient information system too. Time consumption to prepare products or delivering services to end customer can be significantly reduced if a supply chain management system works in a proper way. Supply chain management has got strategic importance in today’s dynamic environment & also regarding purchasing decisions. Strategic sourcing is required for the organizations to gain competitive advantage over others to survive in the market which is not static in nature always. Ware housing is part of supply chain system that can be used to make proper distribution network & gain edge over others.

For complex logistic and supply chain challenges? Nature – problem solver

Ganesh Radhakrishnan — Mon, 07 Dec 2020 00:00:00 +0000

Logistical-systems exist naturally and act as problem solver. When reviewed we identified major capabilities inside those systems and analyzed the potential practical impact on business requirements. We propose that naturally evolved solutions can be a successful answer for complex logistical challenges.

Performance Analysis of Select Equity Stocks and Nifty Index: A Comparative Study

Kiran Kumar Thoti — Tue, 07 Jul 2020 00:00:00 +0000

Stock Exchanges give constant exchanging data on the recorded protections, encouraging value disclosure. It is a piece of capital market, which bargains in long haul funds of industry and government. A stock trade is a trade where stock dealers and brokers can purchase and sell stocks (likewise called shares), bonds, and different protections. Stock trades may likewise give offices to issue and reclamation of protections and other money related instruments and capital occasions including the installment of salary and profits. The examination was directed on the exhibition investigation of selected value stocks and clever file with near investigation. The study was led in the Edelweiss Stock Broking organization in Tirupati.

Make in India Push: Logistics to Gear UP!!

Dr. Smriti Asthana, Ajay Sharma — Tue, 07 Jul 2020 00:00:00 +0000

The Government of India (GOI) policy initiatives like Make in India, National logistics policy and grant of infrastructure status have provided impetus to the Indian Logistics industry. The vision of the proposed National Logistics policy is to drive economic growth and business competitiveness of the country through an integrated, seamless, efficient, reliable, green, sustainable, and cost-effective logistics network leveraging best in class technology, processes and skilled manpower. The focus of this research work is to throw some light on the preparedness of the Logistics industry in response to the GOI call for Make in India products across industries.

Inventory and Budgetary Control System

Ishmeet Malhotra, Rewathi Yadav — Tue, 07 Jul 2020 00:00:00 +0000

This paper focuses on management and control of inventory and budgetary control systems. Inventory, as a present resource, varies from other current resources on the grounds that solitary money-related chiefs aren't included. Or maybe, all the practical zones’ account, showcasing, creation, and purchasing are included. The perspectives concerning the worthy degree of stock would vary among the different practical zones. The conflicting perspective proposes the different useful regions with respect to the satisfactory stock levels to fulfill the general target of augmenting the proprietor’s riches. In this manner, inventory management, much the same as the administration of other current resources, ought to be related to the general goal of the firm. It's essentially concerned about inventory management methods. Consideration is offered here to fundamental ideas applicable to the administration and control of stock. The perspectives secured are(i) assurance of the kind of control required, (ii) the basic monetary request amount, (iii) the recorder point, and (iv) well-being stocks. In actuality, the stock administration methods are an area of creation on the board. In this manner, it'll help the money-related chiefs in arranging and planning stock. Arranging is the essential administrative capacity. It helps in deciding the gameplan to be followed for accomplishing authoritative objectives. It's the decision in advance what to attempt to, and when to attempt to, and who will do the real undertaking? The plan is framed to acknowledge the best outcomes. Control inside the way toward checking whether the plans are being clung to or not, keeping the record of the procedure, contrasting it and the plans at that point taking restorative measures for future if there's any commitment. Each business undertaking needs the usage of control systems for getting by inside the profoundly serious and overseeing the financial world. There are different control gadgets being used. Spending plans are the premier significant apparatus of benefit arranging and control. They likewise go about as an instrument of coordination. A financial limit might be a point-by-point plan of activities for a couple of explicit future periods. It's an expected arrangement heretofore of the more drawn out term period to which it applies. It goes about as a business parameter. It's a whole program of exercises of the business for the sum secured.

A Study on Customer Satisfaction towards Surface Transportation Services of Om Logistics Ltd. in Ahmedabad Region

Binod Sinha, Aakash Patel — Tue, 07 Jul 2020 00:00:00 +0000

Customer satisfaction is an important part of any organisation. Organisation focuses on this aspect carefully and sincerely in both markets b2b and b2c.Losing customers is a challenge and threat for any organisation as well as critical in context to revenue. Organisation never compromise on these two issues. OM Logistics Ltd. provides numerous services, one of the services being surface services. This study focuses on measuring satisfaction of customer of OM Logistics for B2B customer who takes surface services from OM Logistics. It enables us to understand the key factors which play vital role in logistic partner selection and results in better customer satisfaction in logistics in general and the challenges OM Logistics is facing because of which it is losing business with some of its existing customers. The research paper outlines study on satisfaction level of surface services customers of OM Logistics and challenges faced by existing surface services customers.

Science Technology and Innovation Gives Extra Boost to Development in Developing Countries

Dhaval Kher, Darshan Sheth — Tue, 16 Jun 2020 00:00:00 +0000

The development of developing nations indicates that science, technology and innovation regulations which might be properly included into national improvement strategies and mixed with institutional and organizational modifications gives faster growth. It can help to boost productiveness and improve firm competitiveness. It also aids and creates new jobs. Different activities are carried out in collaboration with different un-entities, multilateral improvement institutions and country-wide opposite numbers. Technology and innovation coverage critiques are its fundamental device on this area, that's complemented with different ability-building programs.

Privatization of Indian Railways–a Study

P. Bala Muralidhar — Thu, 17 Oct 2019 00:00:00 +0000

There is a wide resource gap in the transport sector of India. The Government of India identified the importance of the private sector in bonding this resource gap. The government wants to develop infrastructure and services in transport sector. So, the Government of India is actively working on privatization of Indian Railways. In comparison to roadways, Indian Railways is twelve times more energy efficient in freight traffic. It is also three times more efficient in passenger traffic than roadways. It is much more environment friendly compared to roadways. Railways are considered as the lifeline of our country. It has the potential to contribute around 3% of India’s Gross Domestic Product (GDP). At present, Indian Railways is the fourth largest railway in the world. The major source of income of the Government of India is railways. So, privatization is not much ideal for railways. It increases the price of passenger tickets and freight charges. It would be difficult for the public which is economically poor and those who are completely relied on this sector. Through this study, we will be able to understand the public thoughts and views about privatization of Indian Railways. We will also be able to know whether privatization of Indian Railway is necessary. The objective of this study is to point out the need for privatization of Indian Railways and to discuss the negative implications of privatization.

Marketing Problems of Micro Small and Medium Enterprises in Virudhunagar District

j. vimal priyan — Wed, 23 Oct 2019 00:00:00 +0000

Micro small and medium enterprises (MSMEs) are not only playing crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also helping in industrialization of rural and backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. Marketing problem encompasses problem faced in the four marketing mix strategies, namely, product, price, place and promotion. Many entrepreneurs stated that promotional activities had not promoted sales. It was also a general feeling among the sample entrepreneurs that the customers of the micro and small units’ products are mostly illiterate, and, therefore not influenced by advertisement and publicity.

Effect of Product Packaging in Consumer Buying Decision

Dr. Mohit Chandra — Mon, 16 Dec 2019 00:00:00 +0000

The study was conducted to determine which elements of product packaging (ICPE) Indian Centre of Plastic Environment are the most significant and how they impact consumer buying behavior. Due to increasing self-service and changing consumer lifestyles, the internet in packaging as a tool of sales promotion and stimulator of impulsive buying behavior is growing increasingly. So, packaging performs an important role in marketing and encouraging or even sometimes discouraging the consumer from buying a product, especially at the point of sale or at the time when a consumer is choosing from among different brands of similar products type. This could be treated as one of the most important factors influencing a consumer’s purchase decision. This study was conducted keeping in view the importance of product packaging, and the great impact it can make on the purchase decision, after studying different aspects and components of packaging. It was found that the colors of the packaging are the most important and significant.

Performance Management—A Way to Enhance Productivity and Achieving Organizational Goals

Kosha Oza — Thu, 26 Dec 2019 00:00:00 +0000

Human Resource Management is a relatively young discipline. In recent years, it has undergone a rapid evolution. With the globalization of the world economy, the marketplace has become highly complex, turbulent, and competitive. People are at the heart of business success. Today, the fundamental need of organizations is agility, responsiveness, innovation or transcendence, efficiency, and execution for sustainable competitive advantage. It is here that performance management can help organizations to develop to their fullest capacity. It is an integrated system and is a vital link between the performance of an individual employee and the attainment of the strategic goals of an organizational excellence and HR development. This article paper presents conceptual framework of performance management. It consists of the basic concept of performance management, objectives, process, significance and role of HR professionals in performance management.

An Insight into Formal-Informal Gender Disparity: Education, Income and Work Inclusion

Sukanta Saha, Annesha Roy Chowdhury — Thu, 24 Oct 2019 00:00:00 +0000

The study attempts to explore some of the key differences that are arising in-between the two main sectors in the economy and bring out some of the characteristics of the recent trending informal economy. To some extent the paper seeks to perceive whether there is any link(s) between the formal sector and the informal sector. The issue is significant particularly due to the mounting presence of the informal economy in the developing nations that it diverts academic attention to it and seeks an in-depth analysis. To reveal this, the present study is confined to Shyamaprasad Mukherjee Road under Kamarhati Municipality in Belgharia under North 24 Paraganas in West Bengal. The selection of the sample region is on a purposive basis and the sample units at random. The logical argumentation of the study is mainly based on literature support and primary survey results performed in accordance to the standard model approach—the survey results have been analyzed using appropriate bars and pie charts followed by some medians, quartiles and modes. Our study reveals that primary educated female work participation is higher in the informal sector. This male-female work participatory diversity is also present in the formal sector but to a lesser extent. The male-female modal income of the two sectors is more dispersed in the informal sector than the formal one.

Creation of Business Model to Counter Persistent Problems of E-commerce

Subramaniam Seshan, Swinal Dongare — Sat, 19 Oct 2019 00:00:00 +0000

The research paper deals with the problems that a common customer deals while purchasing online. The problems have been critically analyzed, and a business model has been created. This model will help the businesspeople who are involved in e-commerce business. Subsequently those who are planning to enter the e-commerce business can also get a direction if they use this model.

THE SATISFACTION LEVEL OF RETAILERS OF AMUL MILK IN PORBANDAR CITY AT MOTHER DAIRY (UNIT OF G.C.M.M.F. Ltd)

Kosha Oza — Fri, 18 Oct 2019 00:00:00 +0000

MOTHER DAIRY (UNIT OF G.C.M.M.F. Ltd,), set up in 1994,is a wholly owned subsidiary of National Dairy Development Board (NDDB) of India. Mother Dairy (UNIT OF G.C.M.M.F.Ltd) owned by Gujarat Cooperative Milk Marketing federation Limited (G.C.M.M.F.Ltd) – a state level apex cooperative organization of 1.6 million farmers of Gujarat and was commissioned in September 19, 1994 with a sole objectives of receiving each and every drops of milk from its member unions dairies. The total investment made into the mother dairy is to the tune of Rs. 150 crore. The dairy operates in shifts round the clock and managed by more than 600 young professionals. I have attended the six to eight weeks industrial training for project report at Mother Dairy (Unit of G.C.M.M.F.Ltd) to study the satisfaction level of retailers of Amul milk in Porbandar city. The objective of this project is to find out retailer’s satisfaction about Amul Milk in terms of Communication skills, Timely delivery of goods, Order providing services and distributor Services.

A Study on Coffee Marketing and Farmer Organization in Dindigul District, Tamil Nadu

M. Mariappan, E. Raja Justus — Fri, 18 Oct 2019 00:00:00 +0000

Complexity of coffee channels of distribution system encourages business actors to optimize channels of distribution management as an effort to increase market transparency among them. Consolidating in farmer organization was required to strengthen bargaining position of farmer for facing the complexity of channels of distribution system. The aim of this research was to analyze channels of distribution and marketing margin on coffee marketing; and to analyze the characteristics of coffee farmer organization. This research was conducted in Dindigul district as one of coffee producing area in South India. Number of respondents were 18 that consisted of 16 farmers and 2 extension officers. The respondent was determined by snowball sampling method. The data was considered a primary data and secondary data was used as supporting data. Data were analyzed by using descriptive method and marketing margin analysis. The result showed that coffee marketing chain in Dindigul district would lead to a relatively long and complex which was dominated by assemblers. The highest profit of Arabica coffee marketing received by assemblers was gained by selling green beans. On the Robusta coffee marketing, the highest profit was derived by selling fresh cherries. Farmer organizations could not be able to improve their bargaining position and market access as a result of weakness on the role and function of them.

Study of Faults in Transportation Management as a Reason for Delays in Providing Timely Courier Services to Consumer

Sunil Kumar Mishra — Sat, 02 Mar 2019 00:00:00 +0000

Delays in services creates a bad impression of service provider on the customer. Timely delivery and proper response is required in supply chain management system to keep accelerating the progress of firm. Courier and express package delivery services requires a well-managed transportation and delivery strategy which should make the process easy and convenient for both, the customers as well as the employees. The present study involves the exploration of Blue Dart courier services, and specifically discusses about the delivery time. These services are based on Supply Chain Management. This study is supported by a survey with customers and employee to assess reasons for delay and further proposes a methodology for detailed analysis in future.

The Importance of Customer Satisfaction in Logistics and Supply Chain

Gaurav Tripathi — Fri, 25 Jan 2019 00:00:00 +0000

In today’s competitive environment, the most important factor that drives a business towards success is customer satisfaction, which sets a company apart from its competitors and determines whether the customer is coming back to make the purchase again. To ensure customer satisfaction, the entire process of receiving the order to the delivery of the product needs to be tracked and overseen to maintain quality and ensure timely delivery. A dissatisfied customer has lots of other companies to choose from; hence, every logistics company needs to have a strategy to retain customers and keep them happy. Customer satisfaction is of utmost importance because it gives business owners a parameter which is used in analyzing their future success and it works like a tool to improve their business prospects

An Overview of Logistics Outsourcing

Aishwarya Johari — Thu, 27 Jun 2019 00:00:00 +0000

Logistics management is an important component of supply chain management that includes shipping, storage, and delivery of the goods or services from the point of origin to the destination in order to meet customers’ requirements. Logistics management is a complex process that involves planning, process strategy, distribution, and implementation. There may be one or more vendors involved in the process of logistics. A team of professionals from logistics management, tech engineers, and transport need to get together to make the business work. There are various fields of logistics which have been discussed here.

A Study on the Growth and Success Path of Delhivery

aishwarya Johari — Fri, 25 Jan 2019 00:00:00 +0000

This is the best time for the logistics companies to grow and flourish as the world is switching from retail to online shopping. Like any other business, logistics and supply chain too must go through difficult times of market turbulence, unstable economy, and unpredictable business returns. Having said that, it is the leadership and the management of an organization that helps the company sail through times like those in order to meet the expectations, forecast the market, and design a robust strategy business plan. I am going to discuss the growth path and success of one of the fastest-growing logistics companies we have today

A Study of Medicinal Supply Chain Management for Hospitals as Consumer in Uttar Pradesh State of India

Sunil Kumar Mishra — Wed, 23 Jan 2019 00:00:00 +0000

Strategies of pharmaceutical supply chain and inventory management are highly beneficial in optimization of logistic support in healthcare perspective, specifically in a hospital setup. Logistic performance of medicine is important for efficiency and quality enhancement together with financial benefits. To optimize the logistics performance of pharmaceutical supplies, various parameters should be studied including supply chain in the region, purchasing process of hospital, and medicine logistic management in the selected hospital. In this study, we have tried to identify the framework of supply of medicines in the region of Uttar Pradesh in India.

Amazon Supply Chain Management: A Case Study

shashi kant dikshit, Dr. Shekhar Trivedi, Ms. Venus Madan — Tue, 19 Jun 2018 00:00:00 +0000

This study aims to clarify the position of Amazon in the retail industry which it primarily gained through high level supply chain and logistic developments. This research describe the E-commerce industry and the supply chain practices adopted by them, specially the Amazon. This paper will discuss the penetration of internet in India, E-commerce market in light of Amazon, Supply chain in Amazon, IT application and SC automation and finally Business strategies application for internet activity.

A STUDY OF CUSTOMER ATTITUDE TOWARDS DONGRAI MILK AND MILK PRODUCTS IN KADEGAON CITY

Seema Shahaji Desai, Mr. Ijaj Tamboli — Wed, 10 Jan 2018 00:00:00 +0000

Abstract

Buyer conduct alludes to the conduct that shoppers show hunting down acquiring, utilizing assessing and discarding items and administrations that they expect will fulfill their requirements. The investigation on customer conduct is the investigation of how people settle on choice to spend their accessible assets (time, cash, and exertion) on utilization related things. It incorporates the investigation of what they purchase, why they get it, when they get it, where they get it, how frequently they get it, and how regularly they utilize it. Helpful dairies needs to comprehend this idea in profound mode as the private players a representing a hardened rivalry to them. The present examination endeavors to investigate the buyer conduct of the clients towards the Dongrai dairy drain and Milk items which are situated in a rustic zone of Sangli District, Maharashtra India. Consumer loyalty was measured crosswise over various properties of the Dongrai dairy drain and Milk items and the client's inclination was checked crosswise over various parameters.

Ways and objection in Supply Chain Management of Retail

Himanshu Mishra — Tue, 12 Dec 2017 00:00:00 +0000

ABSTRACT

The primary goal of this paper is to comprehend scm and investigate the different difficulties and openings advancing step by step. Firms from built up and develop economies are progressively venturing into emergingmarkets. Globalization constrained organizations to change their competitive priorities and overhaul the store network forcefully with a worldwide core interest. For a few organizations the driving variable is the new market for its items and for some other it is the entrance to new providers or crude materials from any wherefrom the world requiring little to no effort, for a third it is tied in with bringing down the cost of assembling and administrations through outsourcing . Despite an in abundance of chances there are numerous normal production network challenges as they enter or extend their business in developing markets: new danger of disturbance of value, money related vulnerabilities of the accomplice, new societies, shifted framework, verifiable reasons and fast development and change. Globalization, vertical deterioration, outsourcing and off-shoring, shorter item lifecycles, lesser lead time, JIT stock are likewise a few variables which prompted challenges like data combination, co-appointment and asset sharing, hierarchical relationship linkage. Data is the energy of present day scm. An organization with present day innovation and having and powerful production network administration framework with data incorporation as its establishment will have a positive edge over contenders and different scm challenges.

E-Tools and Supply Chain Integration – A Study of Trends and Opportunities in India

Dr. SMRITI GOEL ASTHANA — Mon, 05 Feb 2018 00:00:00 +0000

ABSTRACT

Till the beginning of 1980s, the information flow between functional areas within an organization and with supply chain partners was paper based which resulted in delaying the transaction and communication process. During this period, information was often over looked as a critical competitive resource because its value to supply chain members was not clearly understood. With globalisation and opening up of the Indian economy to the rest of the world the information technology (IT) infrastructure capabilities got highlighted and it was realised that IT provides a competitive positioning of business initiatives like cycle time reduction, implementation and supports in implementing redesigned cross-functional processes. In the 21 century, the growth and development in the Information Technology (IT) and supply chain management (SCM) have gained a significant role in the organisational performance across the industry. The advancement of internet-based exchange of information between organisations, their suppliers, customers and various service providers has improved the information flow in the supply chain of across industries. The prime focus of this paper is to highlight the dominance of transactions, coordination and collaboration as e-business tools in supporting supply chain integration. The researcher has made an attempt to focus on the changing trends and rising opportunities that have emerged in the SCM system with the use of E tools and techniques.

The study the Foreign Exchange Exposure on the Share Prices of Nifty-50 Companies

DR. JNANESHWAR PAI MAROOR, Ms. Carol D’Souza — Wed, 08 Nov 2017 00:00:00 +0000

The firms which are involved in foreign trade are exposed to exchange rate exposure. Exchange rate exposure is due to currency fluctuation. Currency fluctuation is the outcome of the floating exchange rate system. The exchange rate of one currency against the other is influenced by numerous factors such as demand and supply of two currencies, inflation, their economic performance, interest rates etc. This study aims to examine the foreign exchange exposure on the share prices of nifty 50 companies excluding the financial service companies. In this study, two factors are considered i.e Nifty returns and exchange rate. For this study, Nifty 50 companies are considered and among the 50 companies, 10 companies have been excluded as they are financial service companies and the monthly data of 40 companies for the period of 5 years is being studied using two factor models. The result of this study shows that two firms are significantly exposed to foreign exchange risk and the companies have hedged their risk using derivatives.