Application of ISM technique for analysis of the procurement related attributes in JIT supply chain management Online publication date: Fri, 04-Jul-2014
by Om Prakash Mishra; Vikas Kumar; Dixit Garg
International Journal of Procurement Management (IJPM), Vol. 7, No. 4, 2014
Abstract: The fierce competition in selling a product has made us have to think differently. The supply chain is one issue in front of each production firm to compete with another and to get privilege of another. The excellence of the supply chain is possible only when the product is of the best quality while being cost competitive. The reduction of the production cost has become the focus point in reducing the overall cost of the supply chain. This paper focuses JIT procurement process in the SC to cut one the overall costs. To estimate the factors affecting the JIT procurement (JP) we have recognised the important attributes from the literatures. A questionnaire-based survey was carried out to give the ranking of the attributes found from literature and then an interpretative structural model (ISM) is prepared to link the levels of importance of the JP attributes among themselves. On the basis of levels of the attributes managerial staff are suggested to focus on the particular issues to make the JP successful, therefore making the JIT supply chain management successful even in the worst scenario.
Online publication date: Fri, 04-Jul-2014
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