A Conceptual Model for Purchasing Process using Agent Based Approach in Indian Manufacturing Firms

The supply chain management practices / strategies and its IT packages are adopted by the Indian Manufacturing companies to manage their supply chain. An extensive questionnaire survey was carried out among the Indian manufacturing Companies to identify the status of SCM practices and use of Information system packages to support for managing the supply chain. The study on Indian manufacturing industries (companies) confirms that the supply chain strategies and custom made information system packages are contributing very much in making companies more competitive by enhancing their capabilities at a faster rate. The custom made information system packages are contributing very much in making Indian manufacturing companies more competitive so conceptual model to demonstrate the information sharing has been developed by using multi agent technology The paper focuses on the suitability of purchasing process using SCM strategies to improve industry processes and consequently improves the performance of manufacturing industries by means of improving operational robustness with intelligent failure recovery, reducing sourcing costs by computing the most beneficial acquisition policies in online market and improving efficiency of manufacturing processes in dynamic environments.