Last updated on February 7th, 2023 at 05:26 am
Supply Chain Management Course with Analytics: The cog that keeps things moving
The term “supply chain management” conjures up images of warehouses and trucks for many people. But the reality is that SCM is so much more than that. In today’s world, the supply chain is complex and global, and it requires a sophisticated understanding of data and analytics to manage effectively.
So, in this post, we’re going to look at What supply chain management is, the different aspects of SCM, How analytics play a role in optimizing the supply chain, and the benefits of pursuing a supply chain management course with analytics.
What is Supply chain management?
Supply chain management (SCM) is the process of coordinating and optimizing all the activities in the supply chain, from raw materials procurement to manufacturing to distribution. The goal of SCM is to ensure that finished products reach consumers in a timely and cost-effective manner. More and more, SCM is being viewed as a strategic differentiator that can give companies a competitive edge.
What are the different aspects of SCM?
There are four main aspects of SCM:
- Procurement: This is the process of sourcing and purchasing raw materials.
- Manufacturing: This is the process of transforming raw materials into finished products.
- Distribution: This is the process of delivering finished products to consumers.
- Returns: This is the process of handling returns and refunds.
How do analytics play a role in optimizing the supply chain?
Analytics is playing an increasingly important role in SCM, as it can provide insights that help organizations optimize their supply chains. By analyzing data on things like supplier performance, customer demand, inventory levels, and transportation costs, organizations can make changes that improve the efficiency as well as the effectiveness of their supply chains.
What are the benefits of pursuing a supply chain management course with analytics?
There are many benefits to pursuing a supply chain management course with analytics.
- First, it will give you a better understanding of using data and analytics to optimize the supply chain.
- Second, supply chain management training helps you develop the skills needed to manage a complex global supply chain.
- Third, it will allow you to earn a supply chain certification online, which can help you advance your career.
- Finally, it will position you for success in an increasingly data-driven world.
Explore SCM course with Imarticus Learning.
Imarticus Learning offers a comprehensive supply chain management course with analytics that will give students the skills and knowledge they need to succeed in today’s data-driven world. The course covers all aspects of SCM and includes a strong focus on analytics.
Course Benefits for Learners:
- Imarticus Learning supply chain certification is widely recognized and respected by employers.
- The course is designed to help learners develop the skills needed to manage a complex, global supply chain.
- The course is designed by IIT faculty and covers all the latest trends in SCM.
- Students will get to learn about various analytical tools and techniques that are used in SCM.
