Improving Competitiveness in Supply Chain Management of Iron Ore Mining in Eastern India

The segment of iron ore trading in eastern India is an essential part of the economy as it drives a large part of the Iron and Steel industry growth of the country. The movement of iron ore from the mine to the steel mill is not always smooth. It is filled with hurdles, which affects the competition among traders and the cost of steel production. To improve efficiency, terms used in the industry like Smart Supply Chain Management in Mining Industry need to be implemented. Let's take a closer look at how. The Importance of Efficient Operation for Suppliers of Iron Ore Let us ponder for a moment why a trader should prolong the time taken in getting iron ore to their customers. Efficient supply chains help eliminate time wasted waiting and waste and reduce the uncertainty that comes with it. In addition to putting traders on a competitive pedestal, improving supply chains enhances the performance of the Eastern Indian iron ore market. Whenever efficiency is achieved, there a...