Authors :
Dr. L. B. Deshmukh
Volume/Issue :
Volume 8 - 2023, Issue 3 - March
Google Scholar :
https://bit.ly/3TmGbDi
Scribd :
https://bit.ly/3ZeeMVk
DOI :
https://doi.org/10.5281/zenodo.7765260
Abstract :
The petroleum industry carries immense
importance in the Indian economy. Supply chain
management in the petroleum industry contains various
challenges, specifically in the logistics area, that are not
present in most other industries. These logistical
challenges have a major influence on the cost of oil
derivatives and customer satisfaction level (CSL).
Companies in the petroleum industry have become
increasingly reliant on the services of third-party
logistics companies to manage their supply chains.
Companies in the petroleum industry took the
outsourcing idea a step further to collaborate with
competitors and found shared solutions to their supply
chain challenges. This form of collaboration is referred
to as a systematic cooperative reciprocal barter, or swaps.
The objective of this paper is to shed some light on the
downstream supply chain challenges and opportunities
in the Indian petroleum industry and swap practices that
should have been employed by petroleum industry’s
giants around the nation. The paper analyses the benefits
of Swapping practices which have long been ignored in
the operations management literature. This paper will be
based on the petrol pump survey that is being conducted
in the state of Maharashtra.
Keywords :
Petroleum Industry, Supply Chain, Swap, CSL.
The petroleum industry carries immense
importance in the Indian economy. Supply chain
management in the petroleum industry contains various
challenges, specifically in the logistics area, that are not
present in most other industries. These logistical
challenges have a major influence on the cost of oil
derivatives and customer satisfaction level (CSL).
Companies in the petroleum industry have become
increasingly reliant on the services of third-party
logistics companies to manage their supply chains.
Companies in the petroleum industry took the
outsourcing idea a step further to collaborate with
competitors and found shared solutions to their supply
chain challenges. This form of collaboration is referred
to as a systematic cooperative reciprocal barter, or swaps.
The objective of this paper is to shed some light on the
downstream supply chain challenges and opportunities
in the Indian petroleum industry and swap practices that
should have been employed by petroleum industry’s
giants around the nation. The paper analyses the benefits
of Swapping practices which have long been ignored in
the operations management literature. This paper will be
based on the petrol pump survey that is being conducted
in the state of Maharashtra.
Keywords :
Petroleum Industry, Supply Chain, Swap, CSL.
