Role of strategic sourcing for supply chain efficiency and responsiveness in organized retail sector
Journal Title: International Journal of Interdisciplinary and Multidisciplinary Studies (IJIMS) - Year 2017, Vol 4, Issue 3
Abstract
In India for a long time the corner grocery store was the only choice available to the consumers. With the increasing demand of the customers spurred by changing trends, aspiring needs for variety, the traditional retail gave rise to modern retail format. The traditional food and grocery segment has seen the emergence of supermarkets/grocery chains, convenience stores and hypermarkets.Due to globalization, the retail industry has been expanding its operation beyond the borders. To increase the efficiency and effectiveness of service, retailers have to collaborate with all the parties concerned and coordinate all the processes in their supply chain.The main objective for a retail company is to provide service to the final customer, but at the same time minimize the cost. The most efficient Supply chain is the one that has the lowest possible cost and at the same time meet the customer’s expectations on service like delivery precision and lead-timei.e.supply chain responsiveness.To realize these objectives, all strategic partners must recognize that the purchasing function, with its boundaryspanning activities, is a crucial link between the sources of supply and the organization itself .Purchasing/sourcing connects suppliers and buyers closely, which are two of the driving forces of competitiveness in an industry. Therefore in this research paper an attempt has been made to study the role of strategic sourcing for supply chain efficiency and responsiveness in organized retail sector in a city of Mumbai and Navi Mumbai. For That 85 Retail professionals are selected by non-probabilistic Convenience sampling method. By applying statistical techniques to the data collected, it is found that factors of strategic sourcing like number of suppliers, frequency of communication with the suppliers, factors of selection of suppliers are having positive impact on supply chain efficiency and responsiveness.
Authors and Affiliations
Sushma Patil , C. R Chavan
Keywords
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