Vendor base management of FMCG companies: A comparative study
Pranay Siroya, Chinmey Akotkar, Shivam Sharma
Abstract
Pranay Siroya, Chinmey Akotkar, Shivam Sharma
Abstract
It is historically known that the cost-cutting corner of any organization is its supply-chain and logistics department. Whereas the marketing department brings in the revenue, it is the supply-chain operations that directly impact the bottom line of firms. A crucial part of every supply chain is the vendors and the relationships firms have with them, especially in the era of Vendor Managed Inventory. In this paper, we have analyzed the supply-chains of three companies in the FMCG industry in India from the vendor management perspective and have also talked about the impact of GST on various components of supply-chain like warehousing, logistics, and distribution.
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It is historically known that the cost-cutting corner of any organization is its supply-chain and logistics department. Whereas the marketing department brings in the revenue, it is the supply-chain operations that directly impact the bottom line of firms. A crucial part of every supply chain is the vendors and the relationships firms have with them, especially in the era of Vendor Managed Inventory. In this paper, we have analyzed the supply-chains of three companies in the FMCG industry in India from the vendor management perspective and have also talked about the impact of GST on various components of supply-chain like warehousing, logistics, and distribution.
Key concepts: Vendor, Business, Supply chain, Vendor-managed inventory, Revenue, Supply chain management, Inventory management, Marketing