EMERGING TRENDS IN SUPPLY CHAIN MANAGEMENT

Gyanendra Singh, Rajeev Arora, Vivek Mishra

Abstract: Supply chain management, in recent times, has emerged as the basis in many industries (small or large) for creating the integrated relationship between suppliers and customers. Due to continuous growth in last year in supply chain management the environment has become competitive. So in order to respond to competitive pressures companies need to know and understand the new trends in SCM. This paper focuses the emerging trends of SCM in current scenario, and it provides broader awareness of SCM concepts. It addresses this need, by critically reviewing the current status of SCM in Indian context and its point of difference with other countries like China. Managing the Supply chain by making use of I.T. services has paved a new way of confiscating the uncertainty and enhancing the customer service and thus creating a competitive edge

Keywords: Supply Chain Management, Vendor Management Inventory, Collaborative Planning Forecasting and Replenishment, Cross docking, Radio Frequency Identification, Advanced planning and scheduling.

DOI: https://doi.org/10.15623/ijret.2014.0322021