Ism India Case Study

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Recommended: How the logistics strategy relates to other major business functions

“The design and management of seamless value added process across organizational boundaries to meet the real needs of the end customer” – INSTITUTE OF SUPPLY MANAGEMENT
Institute for Supply Management, INDIA (ISMS-INDIA) based in Gurgaon (Delhi-NCR), which have many chapters in major, cities of India. ISM-INDIA is affiliated to Institute for supply management in the USA which is the world’s largest institute for supply chain management. The main aim of cooperation is to provide opportunities for the promotion of supply management professions and expansion of skills and knowledge of professionals. ISM-INDIA works with many MNC’s, major companies and public sector of India in professionalizing supply management activities.
As per definition …show more content…

Consequently, the habits of consumers are also changing. So, the companies to be very careful in planning, to stay innovative and responsive to change in the market. The different decades followed the shifts in the supply chain management.
A brief review of the history of the development of supply chain management was referred to as far back as 1832 in Charles Babbage book on the “Economy of machinery and manufacturing”. Monczka (2002) suggested that after 1850’s greatest development of purchasing occurred, which makes a contribution to overall company profitability. The modern purchasing functions of the supply chain were applied in World War I and in the period of 190 to 1939 to purchase of raw materials with the particular focus on procuring raw materials. During World War II (1939-1945), the courses in the business logistics were offered in various US universities. After that value analysis techniques developed, pioneered by general electric in 1947, so the main focus was on satisfying consumer demands and growing industrial market. The main emphasis was given on finance, marketing, operations and research & …show more content…

They also focused on reduction in supplier and plant lead times and safety stock. With the increasing of fuel prices and interest rates, companies started to focus on transportation and inventory management.
In the decade of 1980’s three major changes in supply chain management occurs. First, manufacturers focused on lower operating cost from reengineering cost structures. Second, they improve the customer service rather than costs reduction. Third, to improve the internal integration of logistics within the companies.
In 1990’s companies entered into the new agreements with existing partners and distribution channels. Manufactures began to realize the importance of external partnerships and start focusing on cooperation and communication within their own walls.
In this decade of 2000’s, Globalization has increased, which play a great role in supply chain decisions. The new technologies, RFID (radio frequency identification) has entered and continuously improved. Increased global sourcing and cooperation on design development, demand planning has also

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