Supply Chain Management Of India At Home Grocery Store

Organizational Background of India at home grocery store

For every organization supply chain management is an important theory.  Supply chain management is the management of amenities and products and raw materials flow from processing work to finished properties. India at home grocery store is a small grocery store ink India. This report tells about the supply chain management of India at home grocery store. It also tells about the four keys flows of retails management of India at home grocery store.

India at home grocery store has the strategy to make maximize the profit by increasing the sales of its goods. India at home grocery store has the complex and manual management system. The main target of the home grocery store is Indian customers. This Grocery stores supply the grocery product as such Bournvita, Ashurrwad aata, Daawat rie, Haldiram’s, and Prestige, and some utensils. To check the stock and new supplied orders, grocery store needs to mix its information system. Also, the grocery store forecast about it supply chain management. The main objective of this grocery store is to analyses the operations of supply chain.

Diagram showing the organization’s tier 1 suppliers types and their supplier types

An organization flow of different aspects, as such: data, material, properties, money and reoccurrence are known as the process of supply chain management. With least effort to manage all the flows properly, it is very important for effective supply chain management. After understanding the cash flow, supply chain technique, production flow, information flow during the process, any organization can achieve a good position in market. This techniques help to find out in any organization, insufficiency and enhancing business strategies. For successful completion of supply chain management system, this grocery store use various effective supply chain flow.

This flow system involves quotes request, statements, product qualifications, modification demand, criticisms, buying order, and feedback from customer’s side. Data flow is one of the most important of the supply chain management of home grocery store (Chase, 2017.). When the company offers properties, and foodstuffs, values of products and other related material to the customer the data flow starts. When the company start heavy discount on its products, its gives effect on the company profitability. The home grocery store maintain a good relationship with its suppliers, distributes, and the customers by the transparent information flow. Information has been given by the Supplier, contains of delivery plans and values. Home grocery store can face some issue such as out of stock or stock excess, inventory management etc. Home grocery store supply chain is very impressive. To minimize the out stock rate grocery store is working with some points.  In case of excessive stock, the grocery store lower down the prices and give some discount on the products to attract the customers, and also intimate the retailers for not send material at the grocery store. The other data flow occurs between the suppliers and grocery store, flow of raw material from suppliers to manufacturer. Home grocery store also can use the advance technology for good data flow.

Sourcing Overview

Home grocery store also organize the flow of cash very wisely via handling assembles billed and receivable. The technique of the grocery store is easily collect the money from customers of purchased products and pay their customers remaining money. When the home grocery stores receive products from the manufacturer, funds are being transferred in the account of manufacturer. Home grocery store extending its terms and payment policies for the transparency between the its suppliers, distributors and customers (Christopher,  2016).

Merchandising movement is the movement of products and goods from manufacturer to consumers. The whole process includes the movement of products in warehouses among traders, suppliers, and merchants. Many products goes through under many amenities of each year. Home grocery store using different strategies of cash and material flow. Every company has the policy of “customer comes first”. Home Grocery store always gave attention to offer best prices and reduces the product cost to the customer (Hill, and Fredendail, 2016). To avoid any misunderstanding among the suppliers and dealers and customers, home grocery store using the cross docking technique, In this technique product directly pick from the manufacturer and then directly supply to the customers by the store. This new technique reduced the misunderstanding and loses of product, also manage the goods in proper way. This remove the misunderstanding of distribution centers and part of stores. 

Supply chain managements of home grocery store mainly focused on the demand planning and forecasting techniques. At every home grocery store every products had its unique bar code by which the product information can be collect easily from store (Jacobs, and Chase. 2013). The bar code technique helps the manager to maintain the all product and goods data which are coming in store and in what amount they are selling to the customer. By the technique they can focus on the past data, upcoming sales. The manager store has the rights to decrease the cost of inventory after forecasting that distributors of company have good amount of inventory. These forecasting demand inventory leaves the issues of related to market condition, uncertainty of system, social condition of the market (Mangan, and Lalwani, 2016).

To looks at individual item the India at home grocery store developed a technique which take care of the inventory in the store. Home grocery store implementing the technique of qualitative forecasting (Fernie, and Sparks, 2014). The qualitative demand forecasting depends on the time edge, request behavior, and reason of behavior. India at home grocery store introduce a technique which help, to maintain all the data details in  home grocery store, so whenever manager needs the particular product data  he can easily find the details of data in brief (Harsoor, and Patil, 2015). 

It is the forecasting the fastest growing formats in India of  Home Grocery Store, E-tailing, convenience, department or grocery stores, discount in the stores, hyper market in India, supermarket of India, specialty of India fastest growing market (Mangan, and Lalwani,  2016). It can easily see by the figure, that the fastest growing of grocery and departmental stores in India. It show the differentiation between hypermarket, supermarket and departmental stores (Monczka, et al.,  2015). 

Decision Factor of Home Grocery store

According to corporate social responsibility metrics for small organization or grocery store, its not necessary that they do business studies and report studies. India at home grocery store the CSR helps to maintain communication with everyone as such dealers, suppliers and manufactures. It also maintain the record of money. Corporate social responsibilities also help to start an efficient an effective relationship with every responsible ventures (Samson, and Daft, 2011).  The most important effect is that, all program can easily meet to the standard as such stack holders, active etc. 

In supply chain management system flow of cash can be a big issue for every organization (Parente, et al., 2014). I f the company is not reducing the cost of products and inventory, even the quantity of that product in sock is very less, if the company is not full filling his responsibilities regarding the service and quality of product, organization is not improving their services and quality after complaining the customer these all things can affect the sales of product which introduce less sale and less saving in organization. To avoid all these disadvantage’s the India home grocery store started using the non-metrics CSR. Who help to prevent the grocery store form loss (Samson, et al., 2011).    

Here, it is recommended that India At Home Grocery Store can use some advance and new technologies in the organization. Home grocery store should use the proper supply chain management which use CPFR (collaborative planning, forecasting and replenishment). By this technique suppliers and dealers can easily cop up with each other. In home grocery store by the qualitative and quantitative technique supply chain management can improve the system and sales revenue (Silva, 2005). Forecasting technique are also effect the supply chain management of home grocery store. This technique also can help to enhance the sales of home grocery store. BY using the discount offer and schemes on the home grocery store the store manager can attract many customers towards it. The electronic data exchange technique should use at India at home grocery store to maintain the transparency between the manufacturer and dealer (Swink, et al., 2014). 

Conclusion:

After every successful business the proper supply chain management technique should be used by every organization. The above discussion shows that by using strategic and technics at home grocery store can achieve the maximum sales and revenue. The process of supply chain management is providing the raw material and other supportive things which would help to company to gain more profit by selling the products market and also useful in progress and development of the company. Marinating a good relationship with suppliers and dealers in supply chain management build a brand image in market. In supply chain management it is also mandatory that customer comes first, the customers feedback should listen by every organization and make changes according to requirement of company.  This report tells about the supply chain management of India at home grocery store. It also tells about the four keys flows of retails management of India at home grocery store. The company productivity, productivity, constancy does not effected by the changing dealers.  

References:

Chase. 2017. Operations Supply Management. Tata McGraw-Hill Education.

Christopher, M. 2016. Logistics and supply chain management, Pearson.  

Fernie, J. and Sparks, L., 2014. Logistics and retail management: emerging issues and new challenges in the retail supply chain. Kogan page publishers.

Harsoor, A.S. and Patil, A. 2015. Forecast of sales of India At Home Grocery Store using big data applications. International Journal of Research in Engineering and Technology.

Hill, E. and Fredendail, L.D. 2016. Basics of Supply Chain Management, CRC Press.

Jacobs, R. and Chase, R. 2013. Operations and supply chain management, McGraw-Hill Higher Education.

Lu, L.X. and Swaminathan, J.M., 2015. Supply chain management.

Mangan, J. and Lalwani, C., 2016. Global logistics and supply chain management. John Wiley & Sons.

Monczka, R.M., Handfield, R.B., Giunipero, L.C. and Patterson, J.L., 2015. Purchasing and supply chain management. Cengage Learning.

Parente, D. and Strausbaugh-Hutchinson, K., 2014. Advertising campaign strategy: A guide to marketing communication plans. Cengage Learning.

Samson, D. and Daft, R.L. 2011. Management. USA: Cengage Learning.

Silva, A. 2005. The Ten Commandments of Quality Management: Best Practices to Develop New Leaders and Create a Quality Environment. USA: iUniverse.

Stadtler, H. 2015. Supply chain management: An overview. In Supply chain management and advanced planning (pp. 3-28), Springer Berlin Heidelberg.

Swink, M., Melnyk, S.A., Cooper, M.B. and Hartley, J.L. 2014. Managing operations across the supply chain (pp. 248-249), New York, NY: McGraw-Hill/Irwin.

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