Case Study of Supply Chain Management in Larsen & Toubro Ltd Essay

Case Study of lend Chain Management in Larsen & Toubro Ltd - Essay ExampleIn fact, some of the virtually amazing calling successes in the past 20 years are direct results of finding to a greater extent efficient supply chains in delivering products to customers.Supply chain management emerged only a decade ago together with the emergence of the word supply chain in the business scene. This development started from the business worlds recognition of the grandeur of integrating and managing the processes within a business entity. The new revolution in supply chain management significant changed business processes and introduced radix revolutions which promote the operation efficiency of companies and gain competitive advantage in their respective industries. Perhaps, the most successful in revamping its supply chain is Dell Computers. In fact, supply chain management is often referred to as the Dells model (Cavinato, 2002).Currently, supply chains generally perceived as the proper blending of physical resources with financial, informational, and relative resources-all within the strategic context of competing in the marketplace (Cavinato, 2002). Experts argued that there is no one size fits all supply chain and that different businesses need to engage unique business models to run their operations.The shift in business model necessitates major changes in a comp... The first section will give a brief profile and background of the company. Next, it will look at the costs of shifting to a more streamlined value chain. Afterwards, it will explore the importance of technology in the new supply chain as well as its long-term collaboration with its suppliers to the systems efficiency. An analysis of the material procurement system of the error correction code will be presented. The paper will end with its findings and recommendations. The Company Larsen and Toubro Limited (L&T)L&T traces its origins by the partnership formed by two Danish engineers Henning Holk Larsen and Soren Kristian Toubro in 1938. The firm is engaged in the manufacture of a wide array of engineering products, earthmoving equipment, chemical and industrial machinery, switchgear valves, welding alloys and cement manufacturing machinery. The ECC percentage of L&T handled the turnkey industrial and infrastructure projects in civil, mechanical, electrical and instrumentation engineering as well as turnkey construction services. The cleavage is headquartered in Chennai and has operations dispersed in other countries like UAE, Bangladesh, Sri Lanka, Malaysia, and South Africa. The companys thrust of utilizing a business model to integrate the divisions operations into a more cohesive one is the driving force in revamping the companys supply chain. From its manual operations, the company opted to employ a web-based SCM solution which took advantage of the recent trend in the information and communication technology (ICT) sector. Thus, the company was able to streamline its supply chain and boost the efficiency of its operation.Challenges in Integrating