The Impact of Various Dimensions of SCM Practices in Indian Oil and Gas Sector

Abstract

The Indian oil and gas sector is one of the core industries in India and has very significant forward linkages with the entire economy. India has been growing at a decent rate annually and is omitted to accelerate the growth momentum in the years to come. The paper investigates the complex relationships between the six dimensions of supply chain management practices (strategic relationship, customer's relationship, information sharing, postponement, delivery dependability, time to market) in oil and gas sector. An empirical study of 309 respondents in oil and gas industries were taken for empirical study, SPSS-16 software were used for analysis, out of six factors three factors were selected through factor analysis and further correlation was done among the selected variables, reveals that strategic relationship, customer relationship and information is positively correlated with Supply chain management (SCM) practices. The oil and gas sector in India presents a significant opportunity for investors and is exhibited to demonstrate robust growth in line with the growth of the Indian economy. The lack of available supplies has so far hindered the growth of this segment.