Productivity improvement of manufacturing industry through supply chain management
Supply Chain Management (SCM) focuses on sourcing, producing, delivering goods & services to end customers for gaining competitive advantage, cost reduction, increased quality, improved customer service etc. Its success is dependent on adopters developing specific capabilities, supply chain collaboration, open communication and outsourcing non-core competencies.
The dimensions covered by SCM are inventory, information sharing & technology, transportation, warehousing, trust, commitment & cooperation among partners and customer satisfaction. This paper primarily identifies the supply chain problems commonly faced by manufacturing firms and their impacts on pricing strategy to the entire supply chain. A range of solutions are suggested to address these problems, furthermore the applicability of each of these solutions significantly depends on their social ramifications that are systematically evaluated.
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