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Supply Chain Practices in Retail Industry - a Comparative Study Between Emerging East and the Developed West

In: Business and Management

Submitted By anishgulati
Words 827
Pages 4
Literature Review

This literature review we will cover all the aspects of the retail industry and how supply chain management affects the industry. We will also be looking into the common industry practices that are used in the developed nations. Apart from this we shall also be looking at the current situation of supply chain practices that are used in retail companies in India.

Witte, C, Grunhagen, M, & Clarke, R 2003, 'THE INTEGRATION OF EDI AND THE INTERNET', Information Systems Management, 20, 4, pp. 58-65, Business Source Premier, EBSCOhost, viewed 30 August 2013:

Summary
The paper talked about the use of EDI in retail supply chains. So it covered the advantages and disadvantages of using EDI in retail space. It dealt upon searching reasons why small businesses are not able to use the EDI in their systems and went ahead suggesting alternatives that cold tackle the inefficiency of EDI.

Key Learning

* The major advantage of using EDI is that it is cost saving also it uses the recognized format across industry so standardized format. * The disadvantage of using EDI is that it can be costly specially the hardware and maintenance part of it. * SME’s do not find it cost effective to use EDI * Alternative to EDI is XML that is web based so no special hardware or software needs to be installed.

Boyer, K, & Hult, G 2005, 'Welcome Home: Innovating the Forward Supply Chain', Business Strategy Review, 1p. 31-37, Business Source Premier, EBSCOhost, viewed 30 August 2013.

Abstract:

The paper talks about the recent trend in the supermarket rating on companies are trying competing on reducing the prices. Rather than competing on prices they should now rather focus on the providing more value to the consumers.

Key Learnings:

* It tells us how the vicious circle benefits exist for the large discount stores and how...

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