DEVELOPMENT OF CONTEXTUAL FRAMEWORK FOR SUPPLY CHAIN MANAGEMENT PRACTICES USING INTERPRETIVE STRUCTURAL MODELLING
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Abstract
Supply Chain Management (SCM) is gaining increasing interest among researchers and practitioners of operations and supply chain management to improve performance across the entire business enterprise. The growing importance of SCM is driven as it is one of the most important areas for competitiveness and growth of industries. The supply chain is associated set of resources and processes that begins with the sourcing of raw materials and extends through to the delivery of end items to the final customer. The study has endeavoured to review some of the supply chain practices and identified factors responsible for choosing best SCM practices. The purpose of this research study is to develop the contextual framework for supply chain management practices and to establish relationship among them using interpretive structural modelling (ISM) and present a hierarchy based model of the practices. It will help the managers to know the importance of key supply chain practices and how these dimensions influence the supply chain performance. Finally, limitations, managerial implications, and scope of future study are presented at the end of this paper.
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