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Categorization of Losses across Supply Chains: Cases of Manufacturing Firms
Author(s): Priyanka Singh (Jet Airways Limited, India), Faraz Syed (Shri Shankaracharya Group of Institutions, India)and Geetika Sinha (ICICI Lombard, India)
Copyright: 2012
Pages: 14
EISBN13: 9781466617148
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Abstract
Supply chain loss can occur during transit and storage, leading to unnecessary inefficiencies. The literature details much of the traditional losses, albeit descriptively and for developed economies. Through several case studies conducted on the Indian manufacturers and retailers, this case study discusses the losses specific to supply chains operating in developing economies that are difficult to control and prevent even with contemporary enabling technologies such as RFID. This chapter also suggests some possible measures to counter such losses, so as to increase the efficiency and enhance the resilience of the supply chain. An understanding of these losses and their possible mitigation through improved flows, reduced inventory, and reduced manpower, can equip firms for better supply chain risk and productivity management.
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