Almost all industries, from healthcare to clothing, are part of the supply chain. The primary role of a supply chain officer (SCO) is to formulate supply chain policies to optimise efficiency while minimising costs. With the increasing popularity of supply chain management (SCM), the supply chain officer course is becoming a go-to option for professionals aiming to join this field or boost their careers in SCM.
Supply chain officers are tasked with taking all the crucial decisions regarding a firm’s production, thereby shaping the future of supply chain management.
Importance of a Supply Chain Officer
SCM deals with the transformation of raw materials into final products. Therefore, a supply chain officer has the task of managing and overseeing the entire proceedings. An efficient officer can help the company reduce costs, perform efficiently, and avoid legal hassles. Below are some of the most important responsibilities of a supply chain officer.
Planning and coordination
A supply chain officer tries to bring market supply and demand to an equilibrium. They estimate the quantities of raw materials, equipment and workers required at each stage of the production process through careful research and analysis.
Procurement of raw materials
Their role is to ensure that the vendors provide raw materials at each production stage without delay. Especially while dealing with a perishable commodity, supply chain officers must ensure that the vendors know exactly when to supply the materials.
Production and delivery
A supply chain officer looks after everything from assembling the raw materials to packaging the final product. They also look after the proper movement of vehicles to ensure the delivery of a product in due time. Another role of the officer is to coordinate between the supplier and the customer in case a defective product has to be returned.
Areas of Expertise of a Supply Chain Officer
To become a supply chain officer, one must possess excellent supply chain knowledge and an analytical mindset. Since it is a senior position in any company, recruiters often look for candidates with a background of supply chain officer course as it provides rigorous training for the role. Below is a list of the skills a supply chain officer must possess.
- Operations Management
It includes extensive knowledge of various econometric and statistical methods like probability distributions, sampling distributions and regression analysis. A supply chain officer course teaches all about hypothesis testing, analysis of variance, other quantitative techniques, and quality management.
- Supply Chain Essentials
It deals with decision-making related to the operational aspects of supply chain management. One learns all about transportation planning, network design of a supply chain and overall planning of sales and operations of a firm.
- Supply Chain Analytics
This skill deals with extracting value from big data related to procurement, processing and distributing goods. An in-depth knowledge of supply chain analytics enables SCOs to spot patterns and trends in the supply chain to foresee and prevent future risks. In addition, it helps analyse trends and patterns like increased demand during festive seasons and the problems related to transportation and logistics.
- Supply Chain Sourcing
One gets to know all about category sourcing, outsourcing, procurement-supply chain interface and managing supplier relations and sustainability.
Supply Chain Finance
It helps one understand and analyse the flow of goods and services and decision-making based on financial considerations. It enables SCOs to minimise risks resulting from supply chain disruptions, optimising the working capital of both suppliers and buyers.
Supply Chain Talent and Leadership Management
It helps one learn how to design and manage a high-performance team and understand the fundamentals of corporate governance and maintaining sustainability in supply chain design.
How are Supply Chain Officers Shaping the Future?
Discussed below are three of the recent trends which are shaping the future of supply chain management:
SCOs are utilising AI for various stages of SCM, thereby increasing returns, saving time, reducing human error and maximising efficiency.
In recent times, being environmentally friendly has been the need of the hour. SCOs are focusing on preserving the environment and promoting sustainability in each and every stage of SCM.
More and more organisations are shifting their SCM to the digital medium, thereby making the whole process faster, mobile and more efficient.
Supply chain officers are shaping the future of SCM with their knowledge and expertise. With the increasing importance of supply chains, it has become a popular career option today.
If you are looking for a career in SCM, then Imarticus has the right opportunity for you. Imarticus Learning offers a supply chain officer course, a 10-month programme by IIM Raipur. It is a leadership programme for supply chain officials and gives opportunities to take part in industry discussions while interacting with experienced professionals from this field. The course covers a range of industry-specific topics like statistics, sampling, regression analysis, six sigma and more.