Supply chain management has been defined as the design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally.
Retail boom, as such, is good, because it encourages competition, which in-turn can, bring the prices to realistic levels. But in India, our economy has developed, on cottage industries. If big players get into those trades, they will eat away, all small players. First you encourage the cottage