Supply Chain Strategies in Retail

- by Gautam Sukanya Krishnan & Amit Kumar *

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Our team has, therefore, tried to analyze the present scenario of retail industry and has come up with some suggestions as possible strategies in Supply Chain Management for Retail industry. We are proposing the following model for information integration in a retail industry: -

The strategic innovation should ideally start from identifying important supply chain member with whom it is critical to link, thus, making way for a spatial convenience. Focusing on providing dynamic visibility to the supplier about the status of the inventory, and using techniques to gather the consumption pattern of products, and thereby forecasting to a number nearer to accuracy, would form part of our suggestions.

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* Contributed by -
Gautam Sukanya Krishnan & Amit Kumar,
PGDSM - MIT,
S. P. Jain Institute of Management & Research, Mumbai.

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