Reliance Fresh

Supply Chain and Logistics Management: Key to Success in Retailing By Vijay Prakash Anand Sr. Lecturer IES Management College Opp. Lilavati Hospital, Bandra Reclamation, Mumbai-400050 Interdependence is a higher judge than independence Stephen R. Covey in The 7 Habits of Highly strong People As rightly said in the above book by Stephen Covey, the value of interdependence is as more valuable in the business of Retail as it is important in the business of life. Standing on the threshold of a sell revolution and witnessing a fast changing sell landscape, the retail sector is poised for a big leap. presently retail sector in India accounts for Rs. 55,000 crore ($12.4 billion) business at genuine prices in the calendar year 2006, increasing its share to 4.6% of the derive Indian Retail Value that stood at Rs. 12,00,000 crore ($270 billion). With the potential of crosswalk Rs 2,00,000 crore ($45 billion) business by the Year 2010, generating employment for several(prenominal) 2.5 million people in various retail trading operations and over 10 million additional workforce in retail support activities including contract production & processing, supply range of mountains & logistics, retail real domain development & management etc.

; the retail sector is sticking at a scorching step of about 37 percent in 2007 and expected to grow by 42 per cent in 2008. With this enormous growth, the retail sector is also facing take exceptions on the fronts of escalating real estate cost, scarcity of skilled workforce and structured supply of merchandise. wideness of Supply Chain and Logistics Management One of the most important challenge in organized retail in India is faced by poor supply chain and logistics management. The importance can be understood by the fact that the logistics management cost element in India is as high as 7% -10% against the world-wide average of 4% - 5% of the total retail price. Therefore, the margins in the retail sector can be improved by 3% - 5% by just improving... If you want to shit a full essay, order it on our website: Ordercustompaper.com

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