INCLUSIVE GROWTH BY REALIGNING SUPPLY CHAINS
 

Inclusive growth is all about raising the pace of growth and enlarging the size of the economy, while leveling the playing field for investment and increasing productive employment opportunities.

For growth to be inclusive, productivity must be improved and new employment & engagement opportunities created. Inclusive growth is typically fuelled by market-driven forces of growth with the government playing a facilitating role. Policies for inclusive growth are an important component of most government strategies for sustainable growth. Policies for inclusive growth are an important component of any government strategy for sustainable growth and the frameworks for inclusive growth analytics are eclectic in spirit.

In order to obtain a better inclusive growth, the government is required to improve rapid growth focused on labour-intensive industries and small and middle enterprises will create employment opportunities in the manufacturing and services sectors. Companies procure goods and services from the different sources, if companies can closely look their supply chain and sourcing, they can definitely contribute for the inclusive growth of India, along with that they can get advantage of getting quality goods (also services) and saving in their expenditure, which lead to improvement in their bottom line.
There are various measure which can be adopted by companies in improving their supply chain to give effect inclusive growth. Some of them like, direct procurement from producers/primary suppliers, use of Information & Technology, Vendor Development, Open Tendering, Ancillary Development, Targeted Procurement, and unbundling of contract are discussed in this paper.

 
Click these links to read in details:

Introduction
Inclusivity Measurement
Present Scenario
Supply Chain

Realigning Supply Chain through :

Direct Procurement from Producers/Primary Suppliers
Use of Information & Technology
Vendor Development
Open Tendering
Ancillary Development
Targeted Procurement
Unbundling of Contract

Discussion
 

 
 


By
Digvijay Singh, Dy. Manager (Materials Management)
Research & Development Center for Iron & Steel (RDCIS)
Steel Authority of India Ltd. (Ranchi)

 

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