Supply Chain Management Practices in MSMEs’ Fast Moving Consumer Goods Industries - An Empirical Study with Special References to Mulugu District of Telungana

2019 ◽  
Vol 9 (4) ◽  
pp. 01-03
Author(s):  
Rajagobal C ◽  
Dr. Palanivel Rajan M
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Empirical Study ◽  
Consumer Goods ◽  
Fast Moving ◽  
Management Practices ◽  
Chain Management ◽  
Fast Moving Consumer Goods

scholarly journals Target Days versus Actual Days of Finished Goods Inventory in Fast Moving Consumer Goods

2017 ◽  
Vol 10 (6) ◽  
pp. 19
Author(s):  
Anthony Vaz ◽  
Shaheen Mansori
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Consumer Goods ◽  
Fast Moving ◽  
Chain Management ◽  
Human Needs ◽  
Fast Moving Consumer Goods ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
Corporate Profits

In a bid to maximize corporate profits, many multi-national corporations and even small medium enterprises create many products and place them on shelves at hypermarkets or supermarkets. We can observe an abundance of stock keeping units on shelves as well as observe a variety of such finished goods held by various fast moving consumer goods industries in the home appliance, beverage, canned food, clothes, soft-drinks, cordials and  confectionery product ranges, just to name a few. From supplier, manufacturer, distributor, wholesaler and retailer, it appears that there is a constant flow of new products and stock keeping units held for these fast moving consumer goods. We can say that we humans are a rather wasteful species because a large proportion of products become obsolete or slow moving over time and organizations push products into the marketplace to gain competitive advantage and optimize profits. Hence, there is need to address this issue in the field of Supply Chain Management because resources on this planet are limited and we humans live in a very fragile planet. Yet, as population grows, we humans have become used to this over-abundance even though the resources within this planet are becoming more and more scarce. Consumption levels have increased with population growth and with capitalist thinking, virtually anybody can develop businesses that will create products to meet human needs. In the field of Supply Chain Management, managers set polices on when to order and how much to order and the average inventory that results from these inventory replenishment policies become targets. This paper attempts to compare target days of inventory with actual days of inventory held in warehouses for a single organization with many warehouses/ stock keeping units, in an attempt to understand further approaches that can be used to improve inventory waste within supply chains.

scholarly journals Integrated Supply Chain Management in the Fast-Moving Consumer Goods Manufacturing Industry: A Review

2018 ◽  
Vol 10 (4(J)) ◽  
pp. 213-220
Author(s):  
Gabriel Oyebanjo OGUNLELA
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Customer Service ◽  
Consumer Goods ◽  
Fast Moving ◽  
Manufacturing Industry ◽  
Future Research ◽  
Chain Management ◽  
Fast Moving Consumer Goods ◽  
Integrated Supply Chain

A move towards integrated supply chain management (ISCM) in the various manufacturing industries, with the integration of the different associated processes involved, is gaining prominence as a tool for achieving competitive advantage over rival companies. Various studies have been carried out on ISCM globally, with possible problems affecting competitiveness and effective customer service identified as nonintegration, ranging from internal processes to suppliers. This paper reviewed literature on the application of ISCM in the Fast Moving Consumer Goods (FMCG) Manufacturing industry in Nigeria. This involved collecting, sorting, grouping and analysing of available papers to identify strengths and weaknesses and suggest the direction for future research. The review shows that, although some research has been conducted onISCM in the manufacturing industry, little has been done in the FMCG manufacturing industry globally, and in particular, ISCM is still in the initial stages of adoption in Nigeria. The aim of this review is to unearth the extent of application and implementation of ISCM in the FMCG industry in Nigeria, and advise on the status of ISCM and problems confronting its implementation and use. This paper posits that, based on the reviewed literature, there is a need for the FMCG manufacturing industry in Nigeria to implement ISCM, considering its importance as iterated by both academics and business managers. This review was carried out focusing on literature relating to ISCM in the FMCG Manufacturing industry and does not cover the entire manufacturing industry.  

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