Gaining New Insights Into Consumer Behavior Through Operations Management in Supply Chains

Gaining New Insights Into Consumer Behavior Through Operations Management in Supply Chains

Neha Verma (Shri Shankaracharya Institute of Professional Management and Technology, India), Purnendu Kumar Patra (School of Management, Birla Global University, Bhubaneswar, India), Ritesh Sharma (GLA University, Mathura, India), Nikhil Polke (Symbiosis Law School, Symbiosis International University, India), Priyanka Rawal (Jagran Lakecity University, Bhopal, India), and Ganesh Waghmare (MIT College of Management, MIT Art, Design, and Technology University, Pune, India)
Copyright: © 2024 |Pages: 15
DOI: 10.4018/979-8-3693-3593-2.ch018
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Abstract

This study highlights the pivotal relationship between consumer behavior and supply chain management in modern business. It underscores the significance of comprehending the diverse factors shaping consumer choices, including psychological, social, cultural, and economic influences. This understanding not only informs marketing strategies but also profoundly impacts supply chain operations. Operations management, positioned at the core of supply chains, plays a central role in converting consumer behavior insights into actionable strategies. It optimizes processes, customizes inventory management, and enhances resource allocation to reduce costs and enhance operational efficiency.
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I. Introduction

Operations management is a critical component in the intricate web of supply chain management. As businesses operate in an increasingly globalized and complex world, the management of operations within supply chains has emerged as a pivotal factor for success. It encompasses the design, implementation, and control of the processes, resources, and activities that produce and deliver goods and services to customers (Saxena, A. et al.,2021). In this introductory exploration of operations management in supply chains, we will delve into the fundamental concepts and practices that underpin the efficient and effective flow of products and services from raw materials to the hands of consumers. Operations management serves as the backbone of supply chains (Malhotra, P. et al.,2021), influencing not only the cost and quality of goods and services but also the ability to adapt to changing market demands and consumer preferences. By understanding the key elements of operations management and its impact on supply chains, businesses can streamline their processes, reduce costs, enhance product quality, and ultimately gain a competitive edge in the dynamic and demanding world of contemporary commerce. This journey will take us through the various aspects of operations management, shedding light on its significance and the ways it contributes to shaping the modern business landscape. n this exploration of operations management in supply chains, we will delve into the key principles, practices, and strategies that businesses employ to optimize their supply chain operations (Mogale et al. 2017). We will examine how businesses use these principles to adapt to market dynamics and gain insights into consumer behavior, ultimately ensuring their long-term sustainability and success in a rapidly changing business environment. This journey will provide a comprehensive understanding of the critical role operations management plays in the success of modern supply chains.

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