Question

effect of make in india on supply curve

Answer 1

This MAKE IN INDIA concept will bring new trend in supply chain function.
Instead of conventionally plant level production
planning it is better to focus on demand driven
model, which is more customer centric. This will
also have a telling effect on Inventory holding of
the company.
In the present, global business environment, most
impacted area is supply chain. Sourcing of
material, manufacturing, distribution, invoicing, have all been significantly
impacted by the increased integration of global customer and suppliers.
MAKE IN INDIA to be successful, Indian companies is to manage increased
global competition and price pressure. They have to look towards supply chain
at ways to reduce cost and to create more efficient value chain so that they can remain globally competitive. Cost improvements around inventory
management, logistics operations, material management and manufacturing
costs, including raw material and component acquisition can be found with:
• Transportation/distribution management
• Improved product lifecycle management
• Improved strategic sourcing and procurement
Suppliers can differentiate themselves in a number of ways as well as provide
Value, addition services and capabilities to their customers. The differentiating
factors include:
• Vendor Managed Inventory (VMI)
• RFID
• Labelling and packaging
Yet another increased trend is to outsource all non-core jobs. Some time, to get
the best in the Industry from superior and high tech or cost competitive
suppliers outsourcing is resorted.
In a MAKE IN INDIA project, which is more global even labelling, compliance to
environment and responsible packaging are critical to success.
Collaboration is seen in the increased focus around RFID (Radio Frequency
Identification). Value chain leaders are looking at functional areas to better
integrate the supply chains of their partners with themselves. RFID can serve as
a means to quickly and efficiently ensure that critical product information is
communicated as products flow through the value chain and ultimately to the
consumer.
As supply chain networks have become more complex, the need for greater and
Improved supply chain technology solutions have become critical. Enterprise
Resource
Planning (ERP) and best Supply Chain Management (SCM) solutions have been
developed to address the needs of manufacturing and distribution companies
such as Inventory Optimization, Logistics Optimization, Product Lifecycle
Management , RFID demand based Manufacturing Optimization etc.,
These technologies have helped enable the supply chain function to innovate,
Drive cost optimisation, improve service and meet customer expectations better
than ever. In order to have sustainable improvement in supply chain
performance, a business must have the right balance of processes and
technology.
To remain successful, companies must bestow intensive focus on supply chain
Excellence and may even need to re-evaluate their current processes and
performance.
In the areas like Demand Planning, Globalization, Outsourcing etc. Companies
must embrace Supply Chain Excellence as a core competency at all levels
throughout the organisation and recognize that supply chain management is
executed in all relevant areas, not just the functional supply chain function.




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