15-10-2014, 12:07 PM
Abstracts: These are the days when Small Businesses are blooming. Everyday new businesses surface up. As a startup they have to face their own challenges. But one challenge needs to be addresses upfront- managing their business. It consists of not one, two but many things. Problems are (1) Late delivery of components/services and its penalty calculation. (2) Selection of appropriate supplier. (3) Maintenance of production schedule. (4) Profit/loss analysis. Because In today’s environment, dispatching and in time delivery concept is important to survive in the competitive market. Retaining existing supplier is as important as acquiring actual target of the company sales and production. So, in time delivery is important factor for production and manufacturing company. The system offers the prospect of more efficiently matching suppliers in the face of changing market conditions.