Abstract
In these current trying times of the global meltdown, Companies need to strategise more than ever for maintaining competitiveness in their respective industry. One of the strategies that companies utilise for cost effectiveness is the use of Supply Chain Management (SCM). SCM helps the Company to maintain an agile profile in the industry by providing real time information and thereby creating strategic business and trading partners. SCM mandatorily requires the use of information technology to be effectively implemented. The theme of this paper is how companies make use of information technology to implement SCM techniques in their business. An empirical study was conducted among fifteen selected firms based in Bangalore city and answers elicited by means of a questionnaire. The paper has been divided into parts such as an introduction, usefulness of SCM in times of recession, information technology as a means for effective implementation of SCM, profile of respondents, the analysis of the questionnaire, due findings and the concluding remarks.
Highlights
Recession requires the industry to be cost effective and agile in terms of procuring, manufacturing and out bound logistics
Being cost effective means being able to manufacture at the lowest possible cost of production and thereby offer competitive rates for any products or services produced by the Company
1.3 Information technology as a means for effective implementation of Supply Chain Management (SCM): Information technology is a time saving and effective means for channel partners to trade goods, share information, and integrate their processes, inter organizational dynamics can be reshaped, and more efficient channels can be utilised making the entire process of inbound logistics, manufacturing and outbound logistics more effective
Summary
Recession requires the industry to be cost effective and agile in terms of procuring, manufacturing and out bound logistics. Being cost effective means being able to manufacture at the lowest possible cost of production and thereby offer competitive rates for any products or services produced by the Company. In such circumsatnces can the firm be competitive in all phases in its respective industry, as compared to the other firms in the same industrial environment. Being competitive means being able to survive and being successful in times of recession
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