ROLE OF SUPPLY CHAIN MANAGEMENT ON INDIAN INDUSTRIAL SECTORS

In global trade, supply chain management is the management of flow of goods and services, involves the movement and storage of raw materials, of work-in-process inventory and of finished goods from point of origin to point of consumption. In current global level, the long term survival of any business entity is dictated by the efficient supply and delivery processes that unit has implemented. To succeed in a dynamic demand and supply environment, Indian industrial organizations need to ensure that proper coordination is in place between their suppliers and their customers until the last of the supply chain demands are satisfied without delay. This necessitates the need for tracking the inventory on hand augmented by a solid order and supply chain management. This is very crucial to cost control, availability to supply on demand, maintain market control and eventual profitability. In this article the major functions of supply chain management in Indian industrial sectors were studied and analysed.