A Systematic Review of Organized and Unorganized Retail Markets and Supply Chain Management in India

  • Raghvendra Kumar Singh

Abstract

Over the years, the Indian retail industry is getting recognition as a vast segment, but still, the contribution of the retail industry in comparison to another sector is minimal. The retail industry in India contributes merely 10% in the Gross Domestic Product of the country. Therefore, the retail sector still in the initial phase of revolutionary growth. The growth in the retail industry posed several challenges that required an immediate approach to address. The conventional unorganized retail industry started to lose its market share, and the organized sector is gaining momentum in the industry. The current study conducts a conceptual analysis of the retail industry and also the supply chain management in India. The study also incorporates supply chain management as retail and supply chain management shares a strong positive association. The administration of the supply chain (SCM) occupies a significant role in today's scenario. The supply chain management structure helps to minimize inventory, decrease shipping costs, and at reduced competitive prices for customers and thereby increase the profitability of corporates. This paper illustrates the role of the SCM in structured and unorganized Indian retail and the functions of different variables, namely, knowledge processing, order control, procurement, shipping, warehouse control, reverse logistics, market forecasting, and supply chain management.

Published
2020-04-28
How to Cite
Raghvendra Kumar Singh. (2020). A Systematic Review of Organized and Unorganized Retail Markets and Supply Chain Management in India. International Journal of Advanced Science and Technology, 29(3), 8968 - 8978. Retrieved from https://sersc.org/journals/index.php/IJAST/article/view/12153
Section
Articles