This issue brings out various aspects of supply chain management viz.
integral performance metric for supply chain performance, Data Envelopment
Analysis (DEA) and Analytic Hierarchy Processing (AHP) as tools for
measuring efficiency, supply chain inventory planning, supply chain modeling, reverse logistics
and infrastructure issues in supply chain. Seven papers published in this issue together
offer theoretical and practical insights that hold immense value to the practice and research
of supply chain management. A brief overview of each paper included in this issue is
given below.
In the paper, "Cash to Cash Cycle as an Integral Performance Metric in the
Supply Chain Management: A Theoretical Review", the authors, Melek Akgün and
Meltem Gürünlü have articulated the theoretical importance of cash to cash cycle as a
new performance criterion to evaluate the performance of supply chain as a whole. The
authors have presented an effective way for shortening the cash conversion cycle for an
individual firm and suggest that firms can manage it by contracting the days of receivables
and inventory outstanding and extending the days of payables outstanding. They have
aimed at developing a theoretical lens by examining the factors influencing the cash to
cash cyclean integral metric for the performance evaluation of the supply chains.
In the second paper, "Reconsidering Supply Chain Management Paradigms:
A Question of Efficiency", the author, Masato Shinohara has attempted to re-evaluate
the value system of supply chain management by examining the elements of paradigms
that are embedded in the theories and practices. The author suggests that the current
supply chain management paradigms are static and efficiency in supply chains should be
measured dynamically, taking different time spans into account.
In the third paper, "Efficiency Measurement Using DEA and
AHP: A Case Study on Indian Ports", the authors,
Debendra Kumar Mahalik, Sreekumar and Gokulananda
Patel have made an attempt to measure efficiency by different techniques and the same has
been explained through a case study on Indian ports. The paper mainly uses Data
Envelopment Analysis (DEA) and Analytic Hierarchy Processing (AHP) as tools for measuring
efficiency.
In the fourth paper, "Traditional Inventory Planning to Multi-Echelon Supply
Chain Inventory Planning: A Critical Review", the author, Srikanta Routroy has
discussed different issues of traditional inventory system and the multi-echelon supply
chain inventory system in the supply chain perspective. Recently, the research has shifted to
a multi-echelon supply chain inventory planning with many constraints arising from
supply chain members at different stages with stochastic behavior in terms of demand and
lead time for both perishable and non-perishable products. Multi-echelon inventory
planning has been a particularly difficult problem to solve in supply chain and any work in this
area acts as an important contribution to literature.
In the fifth paper, "Supply Chain Models with Imperfect Production Process
and Volume Flexibility Under Inflation", the authors, S R Singh and Urvashi have
proposed an inventory model that takes into account volume flexibility, weibull
distribution deterioration rate and inflation. The solution of the inventory system is illustrated
with the help of a numerical example. The sensitivity of important variables to changes in
the values of the input parameters of the system is also examined.
In the sixth paper, "Reverse Logistics: An Imperative Area of Research for
Fashion Supply Chain", V G Venkatesh has reviewed different elements/strategies of
operations involving reverse logistics in the fashion supply chain, different applications
highlighting advantages and profit improvement/cost savings. Any
organization which wants to survive in the margin should establish good procedures for carrying out the returns
management program, as returns reduce the profit levels for retailers. All supply chain managers
should start looking at the returns management process as a constituent element in their
supply chain.
In the final paper, "Cold Chain Infrastructure for Frozen Food: A Weak Link in
Indian Retail Sector", Jitendra Rathore, Anamika Sharma and Karunesh Saxena have made
an attempt to draw the attention of the readers towards the potential existing in the
frozen food business in India. There are challenges but no dearth of opportunities.
A collaborative effort on the part of various stakeholders like public-private
partnership, cartels and cooperatives can significantly help in building a sturdy supply chain that
would contribute to the Gross Domestic Product (GDP), generate employment, help
in increasing exports and benefit stakeholders. The paper has clearly articulated the needs and advantages of cold chain infrastructure improvements which is the need of the hour.
-- Sunil Bhardwaj
Consulting Editor |