Integrated approach to logistics and supply chain management system with modern strategies

Abstract

The globalised economic growth in the present engineering industries in the developing countries like India is more particular about the effective and efficient methods / ideas for increased resource utilisation. To have the best practices around the globe, companies are forced to innovate a powerful source of new methodologies for achieving global competitive advantage. All the companies intend to face the corporate challenges, which will put an impact on Supply Chain Management (SCM) such as doing analysis on re-engineering the globalization and subcontract / Vendor Managed Inventory (VMI) for outsourcing. One among the innovation is called SCM, which is performed by integrating all the activities of the firm, which brings out the end product to the consumer market and which intend to create fully or completely satisfied end users / customers. newlineThe SCM system, adds the important area of functions of manufacturing operations, goods purchasing, material transportation, and the productand#8223;s physical distribution into an effective simplified program. Effective supply chain management coordinates all the activities in a continuous process. newline newline