Supply Chain Analytics Essentials
Please provide a story or an example of supply chain management
The well-known supermarket chain D-Mart is run by Avenue Supermarts Ltd. founded in 2002 and the first branch was opened in Mumbai. The supermarket was a great competitor to the Vishal MegaMart. DMart provided a large variety of goods and products to its customers at a much more cheaper price than the Vishal MegaMart, their success was lead by the better customer relations by making only 2% to 3% marginal profits and paying up their deliveries within 48 hours whereas in the case of Vishal MegaMart they were not paying much attention to their capital but busy in expanding their stores in every city. DMart firstly used to stabilize the store and then opens the other which lead to less failure.
How is this story / example related to supply chain?
Since DMart was punctual in paying with their delivery of products and had good customer relations and they maintain their inventory in a very organized manner helped in maintaining a proper supply chain.
Please explain why this story / example have a significant social / economic impact?
I have selected this story because it sets a better example of the supply chain management and PPC, this story shows not only expansion of your business is necessary but the management of it is also necessary.'
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