Impact of Supply Chain Management Practices on Competitive Advantage of Small Manufacturing Firms in Coimbatore District

ICIMP-2018 | SPECIAL ISSUE | SEP-2018 | Published Online: 03 October 2018    PDF ( 174 KB )
Author(s)
Dr. K. Suresh Babu 1; Mr. R. Sivaramakrishnan 2

1Head of the Department Commerce, Sankara College of Science and Commerce, Coimbatore (India)

2Ph.D Research Scholar, Department Commerce, Sankara College of Science and Commerce, Coimbatore (India)

Abstract

The Indian economy was forced to adopt a structural adjustment program in the beginning of 1991. The structural adjustment program or liberalization initiated Supply chain management is the complete, deliberate harmonization of the conventional business actions and methods across these business actions within specific firms and across various business activities within the supply chain for the objectives of increasing performance and profit of firms. The strategic supplier partnership, information quality, internal lean practice, information sharing and customer relationship have significant and positive impact on competitive advantage of small manufacturing firms. In order to improve the supply chain management practices in manufacturing firms, they should include their major suppliers in planning and goal formation process and they must evaluate degree of customers’ satisfaction regularly. In addition, manufacturing firms and their trading partners should share information fully and they must reduce wastage of time for various operations and give shorter lead times to their suppliers. Meanwhile, to improve the competitive advantage of small manufacturing firms, they should supply products swiftly to the market.

Keywords
Competitive Advantage, Manufacturing Firms, Supply Chain Management Practices
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