THE ROLE OF SMEs AS TRUE CONTRIBUTORS TO THE ECONOMY OF A NATION!

Seen in broad perspective, the economy of a country depends on the varied small contributions of many skilled and unskilled workers of the country put together with their returns ever forming the core of that economy.

The various Small and Medium Enterprises (SMEs) spread across the country employ these skilled and unskilled labour with limited wages and take their output.

Thus, SMEs of any country contribute towards major portion of economy of the country and their role in the economic activity can never be given lesser importance.

As some of the contributions of these SMEs are not streamlined in respect of receiving steady orders from end users as well as improving the quality of their output, some extra measures have to be taken by ruling government in promoting these SMEs and helping in their business.

Along with the measures taken by the government, the Large Scale Enterprises too should step in and try making use of the returns of SME workers in a streamlined way as these Large Scale Enterprises are fully equipped to meet major production needs of the country as well as have a firm footing in the International Markets.

The various strengths of the Large Scale Enterprises include.. 

• Sophisticated Design,
• Well established Standards,
• Standard Manufacturing Techniques,
• Latest Testing Techniques and Procedures,
• Standardized Storage Facilities for raw materials and finished goods,
• Quality Assurance at various stages,
• Control of the Product Demand in the world market,
• Standardized Pricing of the finished goods,
• Well established communication facilities with skilled manpower of other countries,
• Good rapport with seasoned customers of the world market 

And

• Easy back up for holdups and failures..

Which the SMEs with their limited finances and turnovers do not and cannot aspire to function at that level in respect of of manufacture and supply except few.

At the back of such capabilities, each Large Scale Enterprise of the country should develop the selected SMEs as their Ancillary Industries as well as Contractors exclusively for supply of their inward goods.

This involves, basically visiting these SMEs and primarily evaluating..

• The facilities existing,
• The skilled manpower available along with their strengths,
• The standard of machines employed,
• Sources of raw material supply,
• Storing facilities of raw materials,
• Storing facilities of finished products,
• Quality Assurance at all levels,
• Training facilities for manpower in related technical areas 

And

• Dependability of the end product..

And advising them on the improvements required which they sure will incorporate if guided further on that.

Once developed a particular SME as suitable for their supply, the Large Scale Enterprise should issue an approved Certificate to the particular SME for supply of their output products for limited period simultaneously placing a firm order on the SME.

Such Certificates need to be renewed in regular intervals after a thorough inspection in respect of standards of the SMEs listed along with suggestions on improvements where required keeping in mind the changing markets and requirements of the end users.

Thus done, these Large Scale Enterprises sure have dependable supply of goods and services as inward supplies for their uninterrupted production and they can breath in air and concentrate on their major works.

Equally done that way by every Large Scale Enterprise of the country, many SMEs will be streamlined in supply of their goods and services and seen as whole, major manpower of the country are effectively employed towards growth of economy of the country!

In this scenario, the SMEs too should chip in their efforts and stick to certain guidelines in general in respect of their operations like.. 

• They should make a note of the Large Scale  Enterprises in the country, their end products and their requirements..
• They should hook on to those Large Scale Enterprises which if tapped can incorporate their production as part of their inward goods supply..
• They should invite those Enterprises to visit their places and take their advice in streamlining their production supplies..
• They should equally take guidelines of the experts of those Large Scale Enterprises and try to incorporate them to strengthen their enterprises..

And

• They should ever remember that the ultimate aim is to be in the chain of dynamic world market and that can never happen unless few of these Large Scale Enterprises promote them based on their capabilities and thus ever keep up standards in all spheres of their activities to the best!

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Keywords: SMEs, ECONOMY, #GrowingBusinessesTogether