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Pot
luck!
The dot com meltdown ensured that any form of business done
over the Net was viewed with suspicion. But good business
practices are bound to survive all tribulations and emerge
stronger. Procurement of material through reverse auction
is an example of this. Though viewed with suspicion initially,
more and more companies are realising the benefits of conducting
business in this manner. The reason why people are still wary
of such methods of conducting transactions is due to lack
of knowledge of the process. To add to it, there are very
few websites which offer such services. If some of the more
popular ISP’s offered these services it would not only
help in educating the public but also serve as a revenue stream
for these ISPs.
—Deepak
Sidhwani, New Delhi
Managed Supply
One solution propounded by many as the solution that will
help companies cut distribution cost by half and bring down
inventory levels to almost zero has been Supply Chain Management.
But the Indian market is not ready for a complete SCM solution
since even mature markets like the US have not been able to
successfully deploy a complete end-to-end SCM solution. However,
if deployed in phases, SCM can help in creating a culture
suitable for deploying such solutions. The mindset is the
main problem we face in India. The older generation is still
not comfortable with the PC or the Net and hence are unwilling
to try out new technologies. The complexities involved in
deploying a complete SCM solution might, instead of providing
any benefits, actually scare them off.
—Nisha
Sundar, Bangalore
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