Research PROJECT
Research PROJECT
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Part A
1. State the objectives and functions of supply chain management. What
is meant by supply chain strategy?
2. State the objectives and functions of scheduling. What are the factors
affecting scheduling?
3. What are the various current trends in SCM? What are the steps
involved in process of implementing an IT-enabled SCM system?
Part B
1. Executive summary
2. Introduction
3. Review Of Literature
5. Research Methodology
6. Objectives
7.
PART A
ANS: OBJECTIVES:
1] to increase the total value created – The success of the supply chain increases
with increasing SCM profitability. The profitability of the supply chain is the
difference between the price a consumer pays for a product and what it costs an
organization to make and deliver that product to consumer.
2]Price and quality: improvement is yet another crucial supply chain management
objective. Cost-quality optimization and balancing are the goals.
3]To look for the cost and revenue sources-The only source of revenue comes
from the customer; therefore, seek those sources as well. As a result, the movement
of
4]Speeding up the ordering process-SCM attempts to cut down on the time
needed for ordering and completing orders.
5]Delivery improvement-The SCM attempts to satisfy the customer’s requests for
guaranteed delivery of high-quality goods at competitive prices and with short lead
times.
6]Demand satisfaction-Managing demand and supply is an essential yet tricky
responsibility for a business or management staff. Its goal is to satisfy consumer
demand with adequate resources.
7]Flexibility-SCM strives towards flexibility. A supply chain that is well-managed
offers flexible planning and improved control mechanisms.
8]Improved Distribution-SCM wants to guarantee better distribution. The
efficiency of the distribution side can be maximized. If a marketer or distributor
uses all the tools correctly, they can achieve optimal level distribution.
9]Cost reduction-Another goal of SCM is to lower a company’s overall cost to
achieve service level requirements.
~A supply chain strategy is an overarching plan for the planning, design,
execution, control and monitoring of supply chain activities. It guides efficient
operations and brings about initiatives that deliver on key performance indicators.
A supply chain strategy also documents what function handles each supply chain
activity, as well as when collaboration is needed; what activities need to happen
and when; and how performance is measured.
Supply chain strategy should clearly align to business goals, integrate the various
supply chain activities and drive the entire supply chain forward.
Q2] State the objectives and functions of scheduling. What are the factors
affecting scheduling?
ANS: OBJECTIVES-
2]Making best possible use of the equipment that are available for the use.
FUNCTIONS
1]Allocation of the resources.
2]Shop floor control.
3]Making maximum use of the plant at minimum possible cost.
4]Ensure that the needs of the manpower are optimum.
5]Determination of the sequence of the jobs.
6]Specifying the start and the end time for each job (actively scheduled).
7]Getting quick feedback from the shops regarding the delays and the various
interruptions.
8]Possess up – to – date information for the availability of the materials, expected
delivery dates etc.
9]Possess up – to – date data on the machine regarding its breakdown, servicing
etc.
10]Keep itself abreast of the hiring, dismissals, holidays etc. of the work force.
* FACTORS AFFECTING SCHEDULING:
INTERNAL FACTORS-
a. Stock of Finished Goods with the Firm: In the continuous production where
the production is made to stock, the scheduling should be adjusted to the stock of
the finished goods with the dealers. Generally the stock is maintained at certain
month’s supply on hand. The new sales forecast should be made and the
scheduling should be made in the light of the fluctuation in the stock holing.
b. Time Interval to Process Finished Goods from Raw Material: In other words
how much time will be required manufacture each component subassembly and
then assembly (i, e, the final product).
c. Availability of Machines: The machines and equipment have varying
production capacities. Moreover their occupancy scheduling can be made with the
help of machine load charts.
d. Availability of Manpower: The scheduling should be made in the light of the
availability of the manpower. The rushing or production should be adjusted to
overtime working extra shift working or hiring of the temporary labor. The slacks
should be adjusted through transfers if possible. Due consideration should be given
to the factors like induction and training to new employees. As far as possible the
layout should be minimized.
e. Availability of Materials: Sometimes the production flow is interrupted by the
stock outs. In continuous production proper stock levels should be maintained to
facilities scheduling. In case of probable stock outs of strategic items extra efforts
should be made to procure them as far as possible and the limited stock in hand
should be issued only to critical operations. The scheduling should be adjusted in
the light of such situation in intermittent production, the materials should be
acquired according to the bill of materials enlisting the need of specific orders.
Such process will smoothen the scheduling task.
f. Manufacturing Facilities: The manufacturing facilities in terms of power
requirements material handling services storekeeping workbench area and such
other facilities should be provided in adequate quantities so that it may not affect
the smooth flow of the production adversely. Such situation will facilities
scheduling function.
g. Feasibility of Economic production Runs: Under the economic lot production
generally two costs are compared set up cost and the carrying cost. At economic lot
production these two costs are equated.
EXTERNAL FACTORS:
1]Consumer demand:
Scheduling also depends on the consumer demand. Consumer demand can be
found out by sales forecast. So, the production schedule is prepared according to
the sales forecast. However, it has to be adjusted (changed) when the actual
demand is different from the sales forecast.
2]Consumer delivery dates:
The production schedule also depends on the consumer delivery dates. The consumer is
the most important person in a business. So, this factor must be given more importance
than other factors. The production schedule must be made in such a way that it will
guarantee timely delivery to the consumers. In case of seasonal goods, production must
be spread out throughout the year; so, there will not be too much pressure in demand
season.
Q3] What are the various current trends in SCM? What are the steps involved
in process of implementing an IT-enabled SCM system?
ANS:
1]Resilience: The lockdown caused chaos and upheaval in all sectors all over the
world; supply chains have had to innovate and venture into uncharted territory.
Value chains include everything from procuring raw materials to delivering the
products to customers. The impact of supply chain disruptions extends beyond
these value chains
3]Digital Supply Chain Twins: With social distancing and remote work, digital
became more popular than manual, as it provides real-time data from across the
supply chain along with precise analytics. This helped avoid many disruptions.
They recreate a supply chain and its processes in entirety, in a digital environment
that can be accessed easily. The real-time data collected from IoT devices offer full
visibility into everything, from what customers order, to individual items going
through the supply chain.
EXECUTIVE SUMMARY
OBJECTIVES:
PRESENCE
Dmart have 336 stores spread across Maharashtra.
Product Profile
Q2] What is the size and capacity of the warehouse you manage?
Answer: The size and capacity of our warehouse can vary depending on
the location. Generally, our warehouses are designed to accommodate a
large volume of products.
From the above gathered information it is observed that Dmart is a single large
warehouse and one can buy products in bulk quantity and in lower price. Managers
faces many challenges is managing the warehouse
REVIEW OF LITERATURE
TITLE:
D-Mart: Most successful Indian hypermarket chain
OBJECTIVES:
TO PROVIDE BEST VALUE POSSIBLE FOR CUSTOMERS, SO THAT
EVERY RUPEE THEY SPEND ON SHOPPING WITH DMART GIVES
THEM MORE VALUE FOR MONEY THAN THEY WOULD GET
ANYWHERE ELSE
CONCLUSION
Overall, DMart's success can be attributed to a combination of factors,
including its focus on providing high-quality products at low prices, its
efficient supply chain, and its strong focus on customer service.
TITLE:
THE SUCCESS STORY OF DMART SUPPLY CHAIN
MANAGEMENT.
OBJECTIVES:
At DMart, we research, identify and make available new products and
categories that suit the everyday needs of the Indian family. Our mission is to
provide the best value possible for our customers, so that every rupee they
spend on shopping with us gives them more value for money than they would
get anywhere else.
COCLUSION
Avenue Supermarts, owner of D-Mart, aims to open 30 stores annually from
an average of 20stores in the last two fiscals and not necessarily own them
India’s most valuable retailer is choosing to veer away from its time-tested
business rules as it chases growth. Avenue Supermarts Ltd, owner of D-Mart,
is looking to accelerate profit and revenue growth by opening 30 stores
annually from an average of 20 stores in the last two fiscals. For this, it is
willing to compromise on certain basic tenets of its business such as owning
its stores and focusing only on brick and mortar.
TITLE:
A Comprehensive Study on Supply Chain Management of DMART.
OBJECTIVES:
To have an overview of retail industry in India as it is the booming sector in
today’s India, it is very important to understand every aspect especially the
supply chain management as it is the most crucial aspect that determines the
effectiveness of a business and the value it can add over time to people lives
investigate how the supply chain management (SCM) practices employed by
DMart.
CONCLUSION
here is much opportunity in the retail industry as it continues to grow leaps
and bounds, and with the shift from unorganised to organized retail, the
Indian economy will undoubtedly bedriven by it for the next few years as one
of the key elements. Avenue Supermarts Limited (DMart) is a unique
company with a well-thought-out business plan and a massive revenue base.
However, the pandemic had a negative impact on the company. This can be
seen in the latest figures, but the company is still on its way to recovery.
DMart is also ramping up its offering through online channels by managing
their supply chain to ensure that online orders can be delivered on time. They
are also looking to reduce their operational costs by managing this
supply chain. With its employees, customers, and suppliers, the company has
maintained cordial relations with each other.
TITLE
Strategy and Success of DMart: The Case of Retail Chain in India
OBJECTIVES:
The objective of this paper is to discuss and present the case of DMart retail
chain and provide insights about their success in India. The Indian retail
industry is emerging as one of the most dynamic and growing industries due
to the market size and economic power. DMart is increasingly profitable
retail supermarket chain in India that aims to offer customers a wide range of
basic home and personal products under one roof with an objective to offer
good products at great prices. Customers prefer DMart for better value for
money and masses of discounts than their competitors. Their target customers
are middle-income groups and families who are aspiring to meet most regular
consumer needs.
CONCLUSION
DMart’s case study creates awareness about the techniques and strategies it uses
especially for cost efficiency and higher sales. Their strategy has marked
difference from nearly every other Indian retailer. Whereas other companies have
expanded quickly into multiple segments with differentiated retail chain, DMart
has restricted segmentation. This makes DMart more profitable than others. It has
certain challenges but the founder is always prepared with some out of box strategy
and gives stellar performance. Majority of the customers of DMart are middle
income families and they prefer it for price, value for money and offers and
discounts. The inferences drawn from the case may lead to possible understanding
of company’s performance, he way it differentiates from its competitors. The
company is working on its dilemma by pilot testing some online services & home
delivery services in metro cities keeping in mind its cost efficiency.
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