Mr. Narayanan began his speech by giving a brief idea about the process of supply chain management. He said it is a complex and tedious process which involves sourcing, procuring, manufacturing, packing and transporting goods from one place of business to another. It basically means getting the right things at the right place at the right time.
He then discussed about infrastructure, emphasizing it as one of the major bottlenecks in today’s supply chain management. Some of the issues he touched upon regarding this were the condition of roads in India, lack of appropriate facilities for loading and unloading at the factories etc. He also discussed about the industry trends like creation of Special Economic Zones (SEZs) in India, terms of purchase and sale and so on.
Mr. Narayanan explained how finance plays an important role in the management of supply chain ranging from the viability of material cost to optimization of raw material cost. He also explained the importance of interacting with the customers to work out a detailed standard procedure of the supply chain. To conclude, he shared some of his personal experiences with the students as a senior manager at DHL along with a round of interactive question and answer session.