IMPORTANCE OF SUPPLY CHAIN MANAGEMENT IN INDIA'S INDUSTRY SECTOR - Liladhar Pasoo
                     IMPORTANCEOFSUPPLYCHAINMA
NAGEMENT IN INDIA'S
INDUSTRYSECTOR-LiladharPasoo
Supply Chain is a linkage sector which involves the management of an entire process 
of creation toconsumption right from supplying the raw materials, their movement and progress to the
work-in-process inventory and delivery of the finished goods. It facilitates the end-
to-end orderfulfilment from point of origin to point of consumption.
TheprogressofIndia’ssupplychainhasgainedmomentumwiththeintroductionofGoodsandS
ervicesTaxes(GST),liberalisingForeignDirectInvestment(FDI)andincreasedgovernment
spendinginthesector.Alongwiththis,the“MakeinIndia”movementhasfurthergivenanimpetus
tothegrowth and development of India’s Supply Chain.
An efficient supply chain is extremely essential for the smooth functioning of any 
industry. Thefollowing points put into picture, the significance and the benefits that 
a company can leverage onthrough its supply chain.
1.Boosts customer experience
For any company, customer satisfaction is of the utmost importance. And this is only 
possible whenthe customer receives the correct product assortment at the right time. 
Through an efficient andholistic Supply Chain, which includes freight forwarding, 
logistics, consolidation and transportation, acompany can ensure the smooth shipment of its products.
2.Scales down the operating cost
Decreases Purchasing Cost- This is specifically applicable for retailers who depend on 
supply chainsto deliver their products to customers as and when required to avoid holding highly costly
inventories.
Decreases Production Cost- Manufacturing companies like that of automobiles and 
machinery arehighly dependent on supply chains for the shipment of raw materials 
required at the assembly plantsas an unexpected delay of a single part can cause a loss of crores.
Decreases overall costs- Both the manufacturers and retailers desire to meet their 
customer servicegoals in the least cost possible. This is possible by enabling potent supply chains and 
networksdesignedfor a cost-efficient process.
The financialgainsofaproficient supplychainaremanyas itdecreasestheuseoflarge 
fixedassetssuchasplants,warehousesandtransportation.Italsospeedsupproductflowstocus
tomers.
3.Accelerates rural and urban consumption growth
By improving the freight forwarding and transportation services, the market access is 
widened andthe reach increases by many folds.Ocean freightandair freighttransport aid 
internationalbusiness.Thisincreasesthe scopeofaudience andprofitgainingcapabilities 
ofacompany.
Liladhar Pasoo was established in 1919 and has since then grown to be one of thetop 
 supply  chain  and  logisticscompaniesinIndia withaglobalpresence.WithourstrongPANIndianetw
orkand integrated logistics and supply chain solutions, we provide specialised and customised logisticssolutions for 
different industry sectors ranging from chemicals, cosmetics, healthcare 
andpharmaceutical, agro and food, machinery and equipment, oil gas and a few more. 
A diverseportfolio and custom supply chain solutions have given us an edge over the 
others.
We believe in a holistic approach by leveraging on our key competencies which include 
anunparalleled knowledge of operational handling, hi-tech IT systems, compliance to 
quality and safetystandards, integrated solutions delivered in the given time frame and a presence in over 
170+countries.T h u s , l i v i n g  b y  o u r  m o t t o , “Futuristic since 1919”,h a s  
e n a b l e d  u s  t o  l e a v e a mark inthecontract logisticsand supply chain sector of 
India.