Supply Chain Management Practice and Supply Chain Performance: A Conceptual Systematization of Terminology and Proposed Framework for SCMP Implementation in Indian Manufacturing SMEs

Abstract

Supply chain management practice has been the most crucial competing strategy to improve organizational performance and profitability. Over the last decade, the concept of Supply chain management practice has grown and has become an imperative component in supply chain operation. Therefore, a set of Supply chain management practices have been implemented worldwide without covering its real impact on supply chain performance and competitive advantage. A significant set of recent research has attempted to find the impact of supply chain management practices on supply chain performance and ultimately on operational performance worldwide. However, these attempts have been obstructed by the diversity and standardization of the used nomenclature that characterize the supply chain management practice and supply chain performance. In this context, firstly, this chapter presents a conceptual systematization of the used nomenclatures that characterize supply chain management practices and supply chain performance worldwide. Secondly, and more importantly, this chapter aims to develop a framework for the successful implementation of supply chain managment practices in manufacturing SMEs. Moreover, this chapter assists practitioners, policymakers, CEO, and managers in developing an in-depth understanding of the terminology that describe the supply chain management practices, supply chain performance, and critical supply chain management practices that positively affects the supply chain performance and competitive advantage.