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The IUP Journal of Supply Chain Management

September' 08
Focus

This issue draws the readers' attention to a couple of interesting models that can have major application value in the supply chain world and five research papers that together offer theoretical and practical insights that hold immense value to the practice and research of Supply Chain Management (SCM).

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CORE: A Heuristic to Solve Vehicle Routing Problem with Mixed Delivery and Pickup
Decision Framework for Supplier Evaluation and Selection in Supply Chain
Inventory Optimization in Supply Chain: Zero Inventory Approach
African Leather Supply Value Chain: An Analysis
Factors Influencing Indian Supply Chains of Fruits and Vegetables: A Literature Review
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CORE: A Heuristic to Solve Vehicle Routing Problem with Mixed Delivery and Pickup

--S P Anbuudayasankar, K Ganesh and K Mohandas

Conventionally, the vehicle routing problem is considered as a pure delivery or a pickup variant. In many real-life circumstances, the vehicle is frequently used for a mixed combination of delivery and pickup. This paper deals with the vehicle routing problem variant with mixed delivery and pickup. A two-phase heuristic is developed to address this variant. A constructive heuristic based on modified K-means clustering methodology is proposed to develop an initial feasible solution in the first stage. Then, the adapted Or-opt mechanism is employed as the improvement heuristic for improving the initial feasible solution. Random test instances generated based on real data are evaluated between the lower bound obtained using CPLEX for the mathematical programming model developed by Wade and Salhi (2002) and the solution of the two-stage heuristic.

Article Price : Rs.50

Decision Framework for Supplier Evaluation and Selection in Supply Chain

--Srikanta Routroy

There is a need for a complete and structured methodology for selecting a supplier in supply chain. The present work describes an efficient decision framework for supplier evaluation and selection in supply chain. The objective of this paper is to decide the significant categories and performance indicators for selecting a supplier in the supply chain and to explain how an AHP-PVA algorithm can be used to capture and analyze significant categories and performance indicators to rank the suppliers. The application of the decision framework for supplier evaluation and selection has been demonstrated with a case situation. The findings demonstrate that the decision framework can be useful to all firms in their supplier selection decision.

Article Price : Rs.50

Inventory Optimization in Supply Chain: Zero Inventory Approach

--Kanaka B

Managing optimal inventory in the supply chain is critical for an enterprise. The ability to increase inventory turns and the use of best inventory practices will reduce inventory costs across the supply chain. Moving towards zero inventory will result in effective inventory management in the business process. Inventory Optimization Solutions can be implemented easily using inventory optimization software. With Radio Frequency Identification (RFID) technology, inventory can be updated in real time without product movement, scanning or human involvement. Companies have to adopt best practices to optimize operational processes and lower their cost structure through inventory strategies.

Article Price : Rs.50

African Leather Supply Value Chain: An Analysis

--Viju Mathew

The understanding of leather supply value chain is important and should be clear because leather and leather products have become an integral part of our daily life. The finished leather product reaches the ultimate customer not only as a result of different industry involvement, but also due to working of a big supply value chain. The value-added at each step and the processes during the supply chain fulfill the demand of the market and industry. The supply of leather from the African continent, which is a significant producer of skin and hides in the world is important. This paper highlights some of the major aspects of the leather supply chain in which value is added to the leather industry in Africa. This paper also puts forward the factors which are acting behind the development of the supply value chain in Africa. The major significance of understanding the leather supply value chain is that it provides an integrated approach to determine and become aware of the problems and constraints from the basic level of rearing animals for the raw skin to purchase and use of finished leather products by the customers.

Article Price : Rs.50

Factors Influencing Indian Supply Chains of Fruits and Vegetables: A Literature Review

--Sunil Bhardwaj and Indrani Palaparthy

As the Indian population is increasing, the demand for fresh fruits and vegetables is also increasing. Owing to the perishable nature and very short shelf life, these items require proper storage and transportation facilities in order to reach to the customer in fresh state. This requires a considerable amount of effort from the involved parties. The entire chain is fraught with issues like lack of transparency in pricing (at the farmers' end), dominance of traders, weak links in supply chain, etc. This leads to loss of revenue to the farmer and increased additional costs to the other supply chain partners, which ultimately enforces the final consumer to bear extra burden on his pocket. Since organized retail has started showing interest in fresh fruit and vegetable markets and has already entered into the market with huge investments, the issues involved in this supply chain have changed dramatically and are influencing not only the supply chain partners but also the whole agriculture sector in India. The present study undertakes a thorough review of basic and contemporary literature and tries to explain the factors influencing Indian fruit and vegetable markets and their effects on the supply chain partners. It also brings out relevant research gaps and overlooked problems in the supply chain.

Article Price : Rs.50

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Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.

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