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Tag: Career in Supply Chain Management

Supply Chain Transparency: Meeting Consumer Demand for Ethical Sourcing and Product Information

Posted on by Imarticus Learning

The concept of supply chain transparency has been around only for some time now. In recent times, supply chain transparency has emerged as a crucial concept depicting a paradigm shift from traditional business practices.

With heightened consumer awareness, stricter regulatory practices, and policies for ethical trade practices, the significance of supply chain transparency has increased. 

Companies must actively understand the events taking place upstream in the supply chain and effectively convey this information both within the organisation and to external stakeholders for supply chain transparency.

In this blog, we will explore the elements of supply chain transparency in detail that would help to pursue a career in supply chain management. Keep reading to learn more.

What Is Supply Chain Transparency?

Supply chain transparency is the extent to which the various stages, processes, and entities involved in producing, distributing, and delivering goods or services are open and visible to stakeholders and even to customers. 

It involves sharing comprehensive information about sourcing, manufacturing, distribution, and environmental or social impacts. This transparency fosters accountability, ethical practices, and informed decision-making throughout the supply chain. 

By disclosing details about origins, practices, and conditions, companies enhance trust among consumers, investors, and regulators, while promoting sustainability and fair labor standards. Overall, supply chain transparency ensures a clear view of the journey a product takes from its creation to reaching the end consumer.

Benefits of Supply Chain Transparency

The benefits of supply chain transparency are discussed below: 

  • Customer Loyalty: Transparent supply chains foster customer loyalty by showcasing sustainability efforts and product origins, resulting in increased revenue from repeat customers. 
  • Enhanced Conversion Rates: Shifts to purpose-driven messaging lead to improved conversion rates, click-through rates, and email revenue, underscoring how transparency positively affects customer engagement. 
  • Stronger Customer Connections: Such sustainable practices create deeper emotional ties between customers and brands, yielding substantially higher lifetime value. 
  • Trust and First-time Purchases: Transparent brands are likely to enjoy more consumer trust and are preferred by buyers making initial purchases, particularly those emphasising ethical practices. 
  • Durable Supplier Relationships: Establishing robust supplier ties ensures ethical practices and quality, translating to fewer errors and recalls, and reinforcing supply chain robustness and profitability. 
  • Preparedness for Regulations: Transparent supply chains proactively address disruptions and align with evolving regulations. Emerging laws emphasise supply chain transparency.

Challenges in Achieving Supply Chain Transparency

Achieving supply chain transparency might be difficult. Here is why:

  • Complex Global Supply Chains: Modern globalisation has intricately woven complex supply chains, often involving multiple tiers of suppliers, making it difficult for companies to trace the origin of goods and monitor practices at every level. 
  • Outsourcing and Subcontracting: Suppliers may outsource production to third parties, leading to challenges in ensuring fair labor practices and ethical standards throughout the extended supply network. 
  • Opacity in Lower Tiers: Human rights abuses and environmental violations frequently occur in lower tiers of suppliers, which can be challenging to monitor and address effectively. 
  • Limited Control: Even when ensuring ethical practices at one stage, factors like cancelled orders by other brands can jeopardise the fair treatment of workers, revealing the limited control brands have over the entire supply chain. 
  • Accountability Pressures: Consumers hold brands responsible for any supply chain issues or inaccuracies, even if the complexity of global supply networks makes complete oversight challenging. 
  • Managing Expectations: Brands must educate consumers about the intricate nature of supply chains to manage expectations while maintaining transparency to build trust. 
  • Shifting Standards: Changing regulations, certifications, and internal goals create complexities in new product development, requiring adherence to evolving standards and sourcing compliant suppliers. 
  • Balancing Disclosure: Striking the right balance between transparency and protecting sensitive information poses a challenge, as disclosing too much could have unintended consequences. 
  • Sourcing Challenges: Developing products that meet stringent ethical and environmental standards demands sourcing from manufacturers and vendors that align with these requirements is tough.

Strategies To Attain Transparent Supply Chains

As supply chains become increasingly intricate, following these steps can help companies achieve transparency, align with ethical standards, and build resilient relationships with suppliers and customers: 

  • Risk Identification and Prioritisation: Begin by mapping your supply chain, understanding its complexities, and identifying vulnerabilities. Assess past disruptions, potential issues, and upcoming regulations to determine areas for improvement. 
  • Establish Goals: Based on the insights gained, set comprehensive goals for supply chain transparency. Embrace a holistic approach, addressing both environmental and social concerns, and collaborate with suppliers to align on shared objectives. 
  • Develop a Code of Conduct: Create a robust code of conduct that outlines the ethical and sustainable standards you expect from suppliers. Collaborate with suppliers to ensure alignment and commitment to these goals, addressing specific issues like safety and environmental impact. 
  • Measurement and Progress Tracking: Define clear metrics to measure progress towards your transparency goals. Utilise tools such as the Higg Index for standardised sustainability assessment, engaging both self-assessment and third-party verification for accurate evaluation. 
  • Supplier Relationships: Recognise the importance of relationships in supply chains. Support suppliers in meeting goals by offering financial investment or resources, fostering mutual growth and improvement. 
  • Stakeholder Disclosure: Communicate your progress transparently to stakeholders and customers. Avoid complexity and make actions understandable. Simplify disclosures to make it easy for consumers to comprehend your environmental and social impact efforts. 
  • Direct Customer Engagement: Connect customers directly to producers and suppliers in your supply chain, fostering a deeper understanding of the process. This not only enhances transparency but also enriches customer experience and quality improvement. 
  • Continuous Monitoring: Recognise the dynamic nature of supply chains and implement regular progress assessments. Continuously refine strategies and practices to ensure sustained transparency and alignment with goals.

Conclusion

Supply chain management optimises business operations and helps drive the overall success of any organisation. Supply Chain Managers contribute by enhancing efficiency and upholding customer expectations while reducing costs. Thus, supply chain management has emerged as a lucrative career option due to its increasing demand. 

If you want to pursue a career in supply chain management but do not know where to start, head to Imarticus Learning for a beneficial supply chain course. Imarticus Learning, in partnership with IIT Guwahati, has designed a comprehensive digital course for aspiring Supply Chain Managers. The Advanced Certification Program in Digital Supply Chain Management deals with aspects of vendor management, supply chain transparency, procurement, and much more to make students industry-ready. 

Not just this, at Imarticus Learning, students are given 100% placement assistance so that they can only focus on brushing their skills and not worrying about bagging a job. Head to Imarticus Learning to know more. 

Demand Forecasting: A Crucial Component of Supply Chain Management

Posted on by Imarticus Learning

Do you want to discover how to make your supply chain more efficient and less expensive? Would you want to discover how to foresee client demand and make necessary plans? Do you want to improve your company’s performance and gain an advantage?

If you said yes to any of these questions, you must be familiar with demand forecasting. Estimating future demand for goods or services using historical data, market trends, consumer behavior, and other variables is known as demand forecasting. It is a crucial part of supply chain management because it enables you to match the demands of your customers with your production, inventory, distribution, and marketing plans.

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In this post, we’ll talk about the value of demand forecasting, how it affects supply chain management, and how you can learn more. By the end of this post, you will better understand how demand forecasting can help you achieve your business goals and improve customer satisfaction.

What is Demand Forecasting?

Demand forecasting is the practice of making future predictions. It involves looking into a crystal ball and predicting client preferences before they are even aware. Businesses may use this information to allocate resources sensibly, improve their supply networks, and create long-term plans.

Techniques for demand forecasting often fall into one of two categories: qualitative or quantitative. While qualitative techniques rely on subject-matter expertise and intuition, quantitative approaches make predictions using data and analysis. A certain firm’s best course of action will depend on its particular set of circumstances.

Demand forecasting is a potent tool that may keep firms ahead of the curve, regardless of the approach employed. Businesses can decrease costs associated with stockouts and surpluses and increase customer satisfaction. Businesses may make intelligent resource allocation choices, optimize their supply networks, and plan for the future using this knowledge.

The practice of foreseeing demand or pricing for a product — or a variety of items — in a certain sector is known as supply chain forecasting. For example, the algorithms underlying a forecasting model can anticipate a product’s price by examining data from suppliers and buyers.

Read Also: Best Practices For Supply Chain Planning

Types of Demand Forecasting

Demand forecasting frequently bases its predictions on past sales data. Other contributors include seasonal highs and lows in demand, recurring economic patterns, and market movements. Utilizing statistical forecasting, demand forecasting software aids in developing sales predictions.

There are several forms of demand forecasts. Your supply chain’s demand planning may use a variety of methods. You can have several sales projections for various periods. Forecast accuracy is greater with short-term forecasts. 

However, depending on your supply chain’s cycle duration, a long-term prediction could be necessary for inventory management. Short-term forecasting is defined as up to a year in the future. Planning for long-term demand forecasts demand for up to four years.

Forecasts of demand might be internal or external. An external forecast considers how current market and economic conditions may affect future demand. A demand planner considers changes in consumer demand, consumer spending habits, and the overall state of the economy when generating an external sales forecast.

On the other hand, internal demand planning aims at the capability of your internal supply chain and staff. The availability of resources to fulfill seasonal demand can be determined via internal demand forecasting. Planning for internal and external demand is crucial for producing a precise projection.

Demand Forecasting Techniques

There are several distinct demand forecasting method choices you may utilize within the realm of qualitative and quantitative forecasting:

  • Collective Opinion collects historical data about consumer demand by utilizing the expertise and experience of a company’s sales force.
  • Client survey methods offer important details about client requirements, wants, and expectations. Although it might be challenging to foresee real demand, this data is important for establishing sales forecasts.
  • The Barometric Method is a technique for anticipating active demand that uses economic indicators to gauge past, present, and future activity and anticipate patterns.
  • The Expert Opinion Method seeks professional judgment from outside consultants to determine future action.
  • The market experiment method uses controlled market experiments to inform merchants about customer behavior.
  • Using the statistical technique, a business may find and examine the connections between various factors, establish performance history through time, spot patterns, and estimate probable future trends.

What is the importance of Demand Forecasting?

Demand forecasting is important for several reasons. 

Here are some of the benefits of demand forecasting:

  • It assists in optimizing the inventory level. By anticipating the demand for your products or services, you may avoid overstocking or understocking, which can lead to waste, spoilage, obsolescence, or stockouts. Reduce costs associated with storage and handling to increase cash flow.
  • It aids in the planning of your production and purchasing. You can appropriately plan your production and purchase schedules by predicting the demand for your goods or services. Utilizing resources like labor, machinery, materials, and energy can all be optimized. Additionally, you can prevent production interruptions or delays brought on by shortages or surpluses.
  • It aids in the management of your logistics and distribution. Creating a demand prediction for your goods or services can help you organize your logistics and distribution processes.
  • It aids in the creation of your sales and marketing plans. You may make your marketing and sales initiatives more effective by anticipating consumer demand for your goods and services. Additionally, you may improve client retention and loyalty while raising sales income and profitability.

What is the Role of Demand Forecasting in Supply Chain Management?

Demand forecasting is necessary for supply chain management since it links the many supply chain stages. By synchronizing and coordinating your supply chain activities with consumer demand through demand forecasting, you can ensure that you give customers the right products or services at the right time.

You may increase the effectiveness and performance of your supply chain by using demand forecasting to:

  • Align your supply chain goals with your corporate objectives.
  • Identify and reduce possible risks and uncertainties in your supply chain 
  • Monitor and assess your supply chain performance and results
  • Implement continuous improvement initiatives in your supply chain

How to Broaden Your Knowledge in Demand Forecasting?

If you want to broaden your knowledge in demand forecasting, there are several ways you can do so. Here are some of the options you can consider:

  • Enroll in an online course or program on demand forecasting. Many online courses or programs offer comprehensive and practical training on demand forecasting. You can learn from experts in the field, access relevant and updated content, and interact with other learners from different backgrounds and industries.
  • Read books or articles on demand forecasting. Many books or articles provide valuable insights and tips on demand forecasting. You can find them in libraries, bookstores, or online platforms. You can subscribe to newsletters or blogs covering demand forecasting topics.
  • Join a professional network or community on demand forecasting. Many professional networks or communities focus on demand forecasting. You can join them online or offline, depending on your preference. You can benefit from networking with other professionals in the field, sharing best practices and experiences, and getting feedback and support.

The Final Words

Demand forecasting is essential to supply chain management because it enables you to match your supply chain’s operations with consumer demand. You can manage distribution and logistics, plan production and procurement, optimize inventory levels, and create marketing and sales plans with the aid of demand forecasting. Increase your abilities and capabilities in this area, career possibilities, and opportunities by expanding your understanding of demand forecasting.

In partnership with CEC, IIT Roorkee, and other industry leaders, Imarticus Learning offers Professional Certification in Supply Chain Management and Analytics to individuals looking to work in the operations and supply chain sector. 

Prepare yourself for a rewarding supply chain management and analytics career by getting hands-on experience with 6 real-world projects designed to give you a thorough understanding of the sector.

 You may learn crucial supply chain knowledge and analytical abilities through this cutting-edge curriculum created by CEC and IIT Roorkee. This supply chain analytics course will teach you how to use Python to become more data-driven and make better supply chain choices.

Benefits of an Operations and Supply Chain Officer Certification Course

Posted on by Imarticus Learning

Are you looking for a way to boost your operations and supply chain management career? Do you want to learn the knowledge and skills that will make you stand out in the competitive market? If yes, consider enrolling in an Operations and Strategic Chief Operations Officers Program!

Imagine having the tactical acumen to optimize every process, the strategic power to manage perfect supply chain networks, and the superhuman capacity to lead enterprises to unheard-of success. You may now awaken your inner supply chain superhero since this certification program is your key to doing so!

The worldwide supply chain market from 2020 to 2027 is anticipated to exhibit a CAGR of 11.2%. Join us as we explore the limitless world of supply chain management and reveal the amazing advantages that await those who dare.

Perks of Becoming a Certified Operations and Strategic Chief Operations Officers

global chief supply chain management course

An Operations and Supply Chain Officer Certification Course is a comprehensive program that covers the essential aspects of managing and optimizing the flow of goods and services from the point of origin to the point of consumption. It will teach you how to plan, execute, monitor, and control the processes and activities that ensure customer satisfaction and organizational efficiency. 

Professionals with a Chief Operations Officers Certification are prepared to adopt market-leading supply chain strategies, make strategic decisions, increase operational efficiency, and promote organizational success. From gaining a competitive advantage to expanding professional networks, Chief Operations Officers Program Certification benefits are invaluable for those seeking growth and advancement in their supply chain careers.

An Operations and Chief Operations Officers Certification Course is not only beneficial for you but also for your employer. 

By applying what you learn from this course, you will be able to:

  • Improve the efficiency, quality, and profitability of your organization’s operations and supply chain processes.
  • Reduce the risks, costs, and waste associated with your organization’s operations and supply chain activities.
  • Innovate and implement new solutions to create value for your organization and its customers.
  • Align your organization’s operations and supply chain strategy with its vision, mission, and objectives.
  • Lead and inspire your team to achieve performance and customer service excellence.

What are the benefits of an Operations and Chief Operations Officers Certification Course?

Benefits of getting certified as an Operations and Chief Operations Officers

  • The Enchanted Realm of Knowledge

Welcome, brave adventurers, to the enchanted realm of knowledge and wisdom! A potent elixir is known as the Operations and Chief Operations Officers Certification Course in the mystical business operations and supply chain management world. As you take your first step into this magical journey, prepare to be dazzled by the wonders that await you.

  • Armed with the Sword of Problem-Solving

Fear not, for every hero requires a trusty sword, and in this realm, you shall be armed with the Sword of Problem-Solving. As you venture deeper into the treacherous terrains of supply chain intricacies, you’ll encounter challenges and adversaries lurking in the shadows. But you shall emerge victorious with your newfound knowledge and the Sword of Problem-Solving.

You will sharpen your analytical understanding and critical thinking skills through rigorous exercises and spellbinding case studies. Be it the riddle of logistics, the puzzle of inventory management, or the problem of distribution, you’ll rise above the fray, a true master of your domain.

  • Forging Unbreakable Fellowships

In the world of magic and wonder, camaraderie is a force to be reckoned with. As you traverse the enchanted forests of learning, you’ll encounter fellow seekers of wisdom. Together, you shall engage in spirited debates, share insights, and learn from one another. The bonds forged during this quest will be unbreakable, and the fellowship you form will endure long after the course has ended.

Collaborate, innovate, and elevate, for the collective brilliance of your cohort shall kindle the fires of inspiration within your soul. As you journey together, you will support and uplift each other, igniting the spark of creativity that lies dormant within.

  • A Ticket to the Exclusive Guild

Beyond personal growth, your efforts will be rewarded with an invitation to an exclusive guild of certified Operations and Chief Operations Officers. Within this esteemed circle, you will find accomplished professionals and wise mentors eager to welcome you into their ranks.

As you step into this privileged domain, you’ll gain access to rare opportunities and whispered industry secrets. The guild’s network will be a magic portal, connecting you to influential figures and career-enhancing prospects. With their guidance and support, you’ll unlock doors previously thought to be sealed shut, revealing a path to greatness.

  • Shielding Your Career from Storms

Life is not without storms, but fear not, for your certification shall act as an invincible shield to protect your career from the disruptions that may come. When the winds of change blow, you’ll stand firm, anchored by the knowledge and expertise you’ve gained.

Employers, amazed by your accomplishments and abilities, will vie for your services. They’ll recognize you as a true Operations and Supply Chain sorcerer, a rare gem amidst the vast sea of professionals. With opportunities knocking at your door, you’ll have the power to shape your destiny, crafting your chosen future.

  • Embark on the Journey of a Lifetime

As you stand at the crossroads of your destiny, the path of greatness beckons you. The Operations and Supply Chain Officer Certification Course awaits, promising a journey of transformation and empowerment. Dare to embark on this odyssey, and let the magic unfold as you unleash the full potential of your abilities.

Step forth, noble adventurers, and let the enchanting journey begin!

The Final Words

As you can see, an Operations and Supply Chain Officer Certification Course is a valuable investment for your career and your organization. It will also equip you with the knowledge, skills, and tools to make you a successful operations and supply chain officer in today’s dynamic and complex business environment.

Senior supply chain professionals can enroll in a top leadership program created by IIM Raipur and Imarticus Learning. This 10-month curriculum teaches you the technological, operational, interpersonal, and human skills required for a successful career as Chief Operating Officer.

So what are you waiting for? Enrol in an Operations and Supply Chain Officer Certification Course today and take your career to the next level!

How are current trends re-designing supply chain management?

Posted on by Imarticus Learning

Traditional supply chain techniques are trembling in their boxes in the age of Amazon Prime speeds and same-day delivery. The way we handle supply chains is changing due to current developments, therefore out with the outdated and in with the innovative. We’re talking about a future in which an autonomous delivery vehicle can take your morning coffee to your doorway after a robot barista has made it. 

In this world, where machine learning algorithms anticipate your preferences before you ever click “buy,” sustainability is more than just a trendy phrase; it is ingrained in the very fabric of the supply chain. 

The future of designing the supply chain will receive a major shake-up with various innovations poised to revolutionize how we procure, vend, and network. A technology-driven shift that will reinvent the fundamental notion of supply chain management is underway and spans machine learning to blockchain, automation to the Internet of Things. 

We’re diving deeply into the thrilling currents that are completely re-designing supply chain management in the modern era as we know it, from the technologies that are elevating warehousing to the next level to the algorithms that are converting mountains of data into strategic gold. 

Prepare to discover, be fascinated, and be inspired as you learn how these trends are changing the face of business. Welcome to the supply chain journey, which starts here at the nexus of technology, effectiveness, and a dash of magic.

Why is supply chain management being re-designed due to current trends?

Supply chain management (SCM) is a critical component of businesses worldwide, ensuring the efficient flow of goods and services from suppliers to end consumers. The global market continues to evolve. The SCM industry is also experiencing significant changes. 

The worldwide supply network is flourishing. It was evaluated at $21 billion in 2022; through 2030, it is anticipated to rise by 11.1% year. The need for SCM solutions, which may assist companies in bettering their planning, forecasting, inventory management, and other supply chain activities, is causing this increase.

Modern digital technology has been incorporated into digital supply chain management to make it feel like a supercharged version of traditional supply chain management. Imagine predictive analytics performing their magic to optimize inventory distribution and anticipate demand trends. 

To ensure that supplies never run out, picture automatic replenishment systems flying in to rescue the day. And there’s still more! Prepare for the coming of robotics, which will replace conventional picking or assembly methods by moving quickly. It’s time to reinvent supply chain management in light of the digital revolution.

Key trends driving the transformation of supply chain management

The digital revolution has profoundly impacted SCM, bringing forth new opportunities for efficiency and optimization. Technologies like artificial intelligence (AI), big data analytics, and cloud computing have made real-time tracking and visibility across the supply chain feasible.

Businesses may collect a lot of data and get insightful information to help them make better decisions, increase forecasting accuracy, and manage their inventories more effectively.

  • Launch of the Digital Symphony: The digital transformation is centered on a stage set with displays, algorithms, and the hum of servers. It involves arranging a symphony of invention rather than merely focusing on bits and bytes.
  • Connecting to Possibilities: Consider technology as a doorway to limitless options. Plugging in means energizing your processes, from data analysis that unlocks secrets to automation that eliminates inefficiencies.
  • The Magic Elixir data: Data is more than information; it catalyzes change. The crystal ball makes patterns visible, foretells trends, and whispers insights that inform choices.

Watch as conventional approaches and cutting-edge solutions dance together in the techno-tango. It’s a dance in which manual jobs embrace the beauty of AI while outdated systems waltz with cloud-based miracles. Robots are the foot soldiers of development, not the stuff of science fiction. These mechanical wonders collaborate with people in factories and warehouses to increase speed and accuracy.

Security in this digital age isn’t just a concern; it’s a shield that keeps you safe. Transparency is spelled out by blockchain, while cybersecurity protects against the shadowy practices of data breaches. Imagine delivery drones flying through the air and self-driving cars traversing the streets. This is logistics levitation. With the help of technology, logistics takes off, transforming excursions into efficient expeditions.

Supply Chain Collaboration: Breaking Down Silos for Seamless Integration

 

Traditional supply chains often function in silos, with limited stakeholder collaboration and communication. The current emphasis is on the value of seamless integration between retailers, manufacturers, distributors, and suppliers. 

Real-time communication is made easier by collaboration tools and platforms, allowing participants to exchange information, plan their strategies, and act rapidly in the event of changes or interruptions.

The supply chain is a vast network of connected businesses transporting products from suppliers to customers. But far too frequently, each firm runs independently, with its aims and purposes. Inefficiencies lost opportunities, and even interruptions may result from this.

Collaboration throughout the supply chain can help with that. Businesses may build a more fluid and effective supply chain by cooperating and removing organizational barriers. This may result in more visibility, lower expenses, and quicker delivery times.

But how can you eliminate silos and foster a collaborative culture? 

  • Start at the top. 

The tone for collaboration must be established by senior leadership. They must foster an environment where knowledge exchange is comfortable for everyone.

  • Assemble multidisciplinary teams. 

Assemble staff from various departments to collaborate on initiatives. They can better comprehend one another’s wants and difficulties due to this.

  • Employ technology. 

Numerous software programs exist that can facilitate more efficient company collaboration. These solutions can aid in information sharing, progress monitoring, and decision-making.

  • Celebrate achievements. 

It’s critical to recognize and appreciate corporate collaborations that result in success. People will be encouraged to keep cooperating as a result of this.

It is difficult to eliminate silos and foster a collaborative atmosphere. However, it’s crucial for companies who want to build a supply chain that is more effective and efficient.

Sustainable and Ethical Practices: Meeting Consumer Expectations

With the rise of social and environmental consciousness, consumers now expect businesses to prioritize sustainability and ethical practices. This trend influences SCM, as companies must consider responsible sourcing, eco-friendly packaging, and reducing carbon emissions in transportation. Supply chain professionals are exploring renewable energy sources, optimizing transportation routes, and embracing circular economy principles to minimize waste and environmental impact.

To mitigate risks and ensure business continuity, companies invest in risk management strategies and build resilient supply chains. This includes diversifying suppliers, mapping alternative transportation routes, and implementing robust contingency plans to adapt to unforeseen circumstances quickly.

Opportunities and Challenges Due to Drastic Changes in Supply Chain Management

Opportunities:

  • Enhanced Efficiency and Cost Optimization: Embracing technological advancements and collaborative practices allows businesses to streamline operations, reduce costs, and eliminate inefficiencies.
  • Improved Customer Experience: Real-time visibility and accurate forecasting enable businesses to meet customer demand promptly and deliver an enhanced consumer experience.
  • Competitive Advantage: By efficiently managing the supply chain and embracing sustainability practices, companies can differentiate themselves from competitors and attract loyal customers.

Challenges:

  • Technological Integration: Adopting new technologies may require significant investment and expertise. Ensuring seamless integration and overcoming resistance to change can be challenging for some organizations.
  • Data Security and Privacy: The increased reliance on digital systems and data sharing poses risks related to cybersecurity and privacy. Companies must implement strict protocols and measures to protect sensitive information.
  • Complexity and Globalization: As supply chains become more complex and global, managing international suppliers, regulations, cultural differences, and geopolitical risks can prove challenging.

The Final Words

The current trends in re-designing supply chain management are reshaping the industry and presenting opportunities and challenges. Embracing technology, fostering collaboration, adopting sustainable practices, and prioritizing risk management is key to successfully navigating these changes.

By leveraging digital transformation, businesses gain data-driven insights and enhance operational efficiency. Collaboration and seamless integration break down silos, ensuring effective stakeholder communication and coordination. Sustainable and ethical practices meet consumer expectations, help protect the environment, and build a brand reputation. Meanwhile, effective risk management strategies enable businesses to address unforeseen challenges and maintain business continuity proactively.

While these trends offer exciting new possibilities, organizations must also address challenges related to technological integration, data security, and the complexity of global supply chains. Companies may maximize the benefits of re-designed supply chain management and maintain competitiveness in a constantly changing market by proactively tackling these difficulties.

Imarticus Learning Professional Certification in Supply Chain Management and Analytics is a state-of-the-art supply chain management course that was created in collaboration with CEC, IIT Roorkee, and industry leaders to give candidates looking to enter the operations and supply chain industry a thorough and industry-relevant learning experience.

5 Key Supply Chain Management Strategies Used in Businesses

Posted on by Imarticus Learning

Do you have trouble incorporating supply chain management into your daily operations?

Or do you wish to increase the effectiveness of your current supply chain process? 

Managing your supply chain is more crucial than ever in today’s fast-paced, multinational world. 

The APICS Dictionary, 14th Edition, states that a company’s strategy determines how it will operate in its environment. The strategy outlines how to serve consumers, expand the business, compete in its industry, manage the organization, build skills inside the company, and meet financial goals. The survey’s findings have a 95 percent confidence level and an estimated 5 percent margin of error. 

global chief supply chain management course

In this blog, we’ll talk about the top 5 supply chain management techniques companies utilize. You may enhance your bottom line by streamlining your supply chain process and implementing these tactics, from improving logistics to adopting cutting-edge technology. 

What is supply chain management, and why is it important?

The planning, organizing, and execution of the movement of goods, services, data, and money from the supplier of raw materials to the final consumer is known as supply chain management (SCM). SCM encompasses various tasks, including sourcing, purchasing, production, inventory control, transportation, distribution, etc.

Supply chain optimization approaches are significant because they impact any business’s effectiveness, quality, cost, and sustainability. A properly managed supply chain may give a company a competitive advantage, save expenses, boost customer happiness, and boost profitability. A poorly run supply chain, on the other hand, might result in delays, mistakes, waste, and consumer complaints.

What are the top supply chain management strategies used in businesses?

5 Key supply chain management techniques for Success

Now that you know what SCM is and why it matters, let’s look at some key strategies that successful businesses use to manage their supply chains effectively.

  • Support your supply chain with your business goals.

The first and most important strategy is to align your supply chain with your goals. You must understand your customers’ needs and expectations, market conditions and opportunities, core competencies and capabilities, and financial objectives. Then you need to design your supply chain accordingly to support these goals.

For example, your goal is to offer fast and reliable delivery to your customers. In that case, you need to have a responsive and agile supply chain that can quickly adapt to changes in demand and supply. To offer your customers low-cost products, you need an efficient and lean supply chain to eliminate waste and optimize resources.

  • Implement lean principles

Lean principles are based on eliminating waste and maximizing value in any process. Waste can be anything that does not add value to the customer or the business, such as defects, overproduction, waiting time, excess inventory, unnecessary motion, transportation, or processing.

  • Leverage technology

Technology is a great enabler of supply chain management. It can help you automate tasks, streamline processes, enhance visibility, improve communication, increase accuracy, reduce errors, and generate insights. 

Technology integration into supply chain operations is now more common practice than an exception. Platforms like ERPs and SAPs are wonderful tools for streamlining operations, improving visibility, reducing paperwork, and automating particular tasks. 

Transportation cost and management systems are perfect for your supply chain’s overall image since they increase productivity while reducing risk. They furthermore provide data-driven perspectives on commercial choices. You need a strong foundation to streamline supply chain management and support your company’s strategy. Technology centers around making a business more lucrative and open.

  • Centralized contract management

Centralizing contracts along the supply chain may be advantageous for contract management. When contracts are spread across numerous departments, such as finance, legal, buying, and operations, it is simple to forget crucial elements or lose whole contracts. 

Contract signing, upkeep, and amendment processes are streamlined and made more effective. By taking advantage of the company’s whole service spending, executives of the supply chain division may also better control risk, which leads to larger savings and lower prices.

  • Monitor and set risk levels.

Finding risk factors across the supply chain helps make your procedures more flexible and prepared to handle any issues that may develop. The decision-making process for sourcing is one of the most crucial locations to search for risk; as many external factors as possible may influence it. 

Adopt approaches that can help you see hazards through the sourcing process. Blockchain technology in supply chain management refers to utilizing blockchain, a decentralized and transparent digital ledger, to enhance and streamline various processes within the supply chain.

  • Analyze the chances of a risk happening and its effects.
  • Consider the financial and operational expenses that would arise if a risk occurred.
  • To assess their relevance and how frequently they should be reviewed, risks should be rated or appraised.

The Final Words

As we conclude the five main supply chain management techniques organizations employ, remember that supply chain management is more than just a trendy term; it is an essential component of Success in today’s cutthroat marketplace. Implementing these techniques may unleash the supply chain’s latent potential and lead your company to greater productivity, cost savings, and client happiness.

A strategic chief operational officer-focused executive certificate program was developed with IIM Raipur and Imarticus Learning. You will graduate from this 10-month program with the fundamental technological, interpersonal, operational, and strategic abilities needed to lead the next generation of strategic chief operating officers. 

The supply chain analytics course provides over 150 hours of interactive sessions, which IIM Raipur’s knowledgeable professors administer. You will develop the requisite skills in this important field and put yourself in a position to advance to C-suite positions by completing this certification program.

So, take time to assess your current supply chain process and pinpoint areas that might be improved. To advance your company, harness the power of teamwork, use data analytics, and make the appropriate technological investments. Remember that supply chain management is a journey toward continual improvement rather than a destination.

Role of Logistic Management in Supply Chain Success

Posted on by Imarticus Learning

If you’re delivering products or services to your customers, you know how important it is to have a smooth and efficient supply chain. But do you know how much logistic management can affect your supply chain performance? 

Logistics management is the unsung hero working hard behind the scenes to make ideas come true. From managing inventory to coordinating perfect transportation, promoting teamwork, and cutting expenses, logistic control is the unsung hero. So buckle up and get ready to see how this unsung hero works magic to bring suppliers, manufacturers, distributors, and retailers together in perfect harmony.

In this blog post, we’ll dive headfirst into the dynamic realm of logistic management. Together, we’ll uncover the secrets behind its crucial role in the grand symphony of supply chain success.

What is logistic management?

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The transportation and storage of products, services, and information from the point of origin to the site of consumption is planned, carried out, and controlled through logistic management. It entails organizing and fusing various processes, including shipping, warehousing, inventory control, order fulfillment, packaging, and customer support.

The efficient forward and reverse flow of products, services, and related information from the place of origin to the consumption site following customer demands is the focus of logistics, a subset of supply chain management. 

The supply chain’s logistics management is a crucial link in the chain. In logistics, resources can be managed in the form of consumables like food and other consumables, as well as physical assets like materials, equipment, and supplies.

In supply chain management, the primary function of logistics is to raise the overall value of each delivery, which is measured by customer satisfaction. Maintaining a particular level of high-quality customer service must be linked to optimizing and reducing personnel resources.

How efficient logistics management enhances supply chain success?

Logistics management is crucial for the success of your supply chain because it directly impacts customer happiness, operational effectiveness, and profitability.

Few importance of logistics in the supply chain:

  • Providing the appropriate goods or services at the appropriate time, location, and quality level raises customer happiness. Additionally, it improves your ability to communicate with and respond to the requirements and expectations of your clients.
  • Maximizing the use of your resources, lowering waste and expenses, and raising productivity and quality improves operational efficiency. It also allows you to adjust to shifting consumer preferences and market situations.
  • It boosts your profitability by increasing sales, reducing expenses, and improving your cash flow. It also gives you a competitive edge over your rivals by offering superior value to your customers.

What is the role of logistic management in supply chain success?

The following advice may help you handle your logistics more effectively:

  • Plan ahead: Effective logistic management depends on planning. You must have a distinct understanding of your objectives, plans, and techniques. Additionally, you must foresee probable dangers and difficulties and make appropriate backup plans.
  • Utilize technology: In logistic management, technology may be a powerful ally. Your logistical procedures may be automated, streamlined, and optimized using various tools and software. To plan, carry out, and track your transportation-related operations, for instance, you may utilize a transportation management system (TMS). A warehouse management system (WMS) may also manage your inventory.
  • Work together with partners: Managing logistics is a team effort. You must work with your customers, transporters, distributors, and suppliers for the best outcomes. You must build a relationship of trust, openness, and communication with your partners. Additionally, you must match them with your objectives, benchmarks, and performance metrics.
  • Track and assess: Logistic management is a continuous process. Your logistical performance has to be regularly evaluated, monitored, and adjusted as necessary. Data on several variables, such as delivery time, cost, quality, customer happiness, etc., must be gathered and analyzed. Additionally, you should ask your partners and clients for input so that you may make the necessary modifications.

What distinguishes supply chains from logistics?

Supply chain and logistics should not be confused. It simply indicates that resource management is being globalized from every local unit to the full network of production sites.

The complicated category is supply chain management. Logistics are also a part of supply chain management, enabling end-to-end optimization or dealing with counterparties inside the company.

Effective logistics management aims to achieve maximum competitiveness and profitability for the business as well as the full network structure of supply chains, including the end-user.

What are the benefits of effective inventory management in logistic control?

Effective inventory control is essential for logistical control and provides several advantages to supply chain optimization. Let’s examine a few of these major benefits:

  • Cost reduction: Effective inventory management assists companies in cutting expenses related to stockouts or retaining surplus inventory. 
  • Increased funds Flow: By reducing surplus inventory, firms may release funds that would otherwise be constrained by it. 
  • Improved client Service: Product availability to satisfy client requests is guaranteed by efficient inventory management. Businesses may quickly and effectively satisfy orders by avoiding stockouts and keeping ideal stock levels. 
  • Reduced Wastage and Obsolescence: Effective inventory management entails tracking and monitoring inventory to spot out-of-date or slow-moving products. 

The Final Words

An essential factor of a successful supply chain is logistics management. It may assist you in enhancing customer happiness, operational effectiveness, and financial success. Additionally, it may provide you with a market edge in terms of competition. Following the tips and tricks above can improve your logistic management and take your supply chain performance to the next level.

The Professional Certification in Supply Chain Management and Analytics results from a partnership between Imarticus Learning, CEC, IIT Roorkee, and business professionals. This extensive IIT supply chain analytics course gives applicants cutting-edge instruction designed for people hoping to work in the operations and supply chain sector.

Organizations may use Supply Chain Analytics to make defensible, data-driven choices at the tactical, operational, and strategic levels.

7 Steps Involved in Supply Chain Design Process

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Welcome to the interesting world of supply chain design, where innovation, efficiency, and creativity join together to plan the smooth movement of products and services! Businesses aim to create a symphony of logistics in this complex dance of interrelated stages, streamlining their operations to get items into the hands of eager customers.

Are you ready to embark on an exciting journey, prepared to take the Supply Chain Planning steps?

 Prepare to learn the secrets of effective supply chain management as we examine the key phases that turn simple concepts into finely tuned-distribution masterpieces! 

Let’s explore the core of this fascinating process, where each choice taken and each connection established determines the future of industries and the makeup of the global market.

What are the steps involved in the supply chain design process?

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The initial phases of a supply chain, such as raw material processing and manufacturing, establish their break-even point by considering production costs compared to market pricing. A supply chain may frequently be divided into distinct parts. In addition, expenses are related to each stage of a supply chain model.

Key steps in the supply chain design process:

Step 1: Define the goals and scope of your supply chain

The first step is to define what you want to achieve with your supply chain and the boundaries and constraints you must work with. For example, you might want to increase customer satisfaction, reduce inventory levels, lower transportation costs, or improve sustainability. 

You also need to consider the external factors that affect your supply chain, such as customer demand, market trends, competitors, regulations, etc. You should also identify the key stakeholders and their roles and responsibilities in your supply chain.

Step 2: Collect and analyze data

The next step is to collect and analyze data related to your supply chain. This includes data on your current performance, such as service levels, lead times, costs, quality, etc. You also need data on your suppliers, customers, products, processes, resources, etc. You can use various tools and methods to collect and analyze data, such as surveys, interviews, observations, benchmarking, simulation, etc. The goal is to understand the current state of your supply chain and identify the gaps and opportunities for improvement.

Step 3: Design alternative scenarios

The third step is to design alternative scenarios for your supply chain. This means creating different options for configuring and operating your supply chain to achieve your objectives. For example, you might consider different locations for your facilities, modes of transportation, sourcing strategies, inventory policies, etc. You can use tools such as network optimization, linear programming, decision trees, etc., to help you design and evaluate different scenarios.

Step 4: Evaluate and compare scenarios

The fourth step is to evaluate and compare your designed scenarios. This means assessing how each scenario performs in terms of your objectives and criteria. You can use quantitative measures such as cost-benefit analysis, return on investment, net present value, etc. You can also use qualitative measures such as risk analysis, sensitivity analysis, SWOT analysis, etc. 

Step 5: Select the best scenario

The fifth step is to select the best scenario for your supply chain. This means choosing the scenario that best meets your objectives and criteria and has the highest potential for success. You should also consider the trade-offs and implications of your choice and how it aligns with your vision and strategy. You should also get feedback and approval from your stakeholders before finalizing your decision.

Step 6: Implement the selected scenario

The sixth step is to implement the selected scenario for your supply chain. This means executing the actions and changes required to make your scenario a reality. You should also monitor and control the progress and performance of your implementation and make adjustments as needed. You should also communicate and coordinate with your stakeholders throughout the implementation process.

Step 7: Review and improve

The seventh and final step is to review and improve your supply chain design. This means evaluating the results and outcomes of your implementation and comparing them with your expectations and objectives. You should also identify and share the lessons learned and best practices from your experience with your stakeholders. You should also look for new opportunities for improvement and innovation in your supply chain design.

What are the latest Supply chain management trends?

  • Advanced Analytics and Automation: Through the use of digital, agile supply chain management, firms will be able to prevent disruption through the use of predictive and prescriptive analytics as well as big data, algorithms, and robots.
  • Reshoring and Nearshoring: As companies deal with the difficulties caused by disruptions in the world’s supply chains, many are trying to reshore or nearshore their operations to boost resilience, shorten lead times, and keep costs under control.
  • Circular Economy and Sustainability: As businesses work to cut waste, improve their environmental impact, and address concerns connected to climate change, they will place a greater emphasis on adopting circular economy ideas. 
  • Increased Leverage of Technology: As businesses strive to increase the effectiveness and resilience of their supply chains, they will increasingly leverage emerging technologies like artificial intelligence, machine learning, blockchain, and IoT.

Supply chain managers must emphasize agility and rapid response to adjust to demand, supply, and regulations changes swiftly. The most recent supply chain management developments include the circular economy, sophisticated analytics, automation, reshoring, and nearshoring.

The Final Words

Remember that supply chain design is a continual process of improvement rather than a one-time project. Don’t hesitate to go back and tweak your supply chain design when the environment changes and new problems appear to stay competitive.

You are now prepared to negotiate the challenging landscape of supply chain design thanks to your expertise in comprehending client needs, mapping your present supply chain, evaluating alternatives, and optimizing performance.

Embark on a transformative journey with the exclusive Chief Operational Officer-focused executive certificate program, a brilliant collaboration between IIM Raipur and Imarticus Learning. 

Get ready to be mesmerized by the Supply Chain Analytics course, an in-depth learning experience with an astonishing 150+ hours of interactive sessions expertly led by the erudite instructors at IIM Raipur. After completing this esteemed certification program successfully, you’ll be well-equipped with the necessary abilities to survive in this dynamic sector and advance to desirable C-suite roles.

What can I do with a supply chain management degree?

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In the dynamically transforming world of commerce, a career in supply chain management offers an exciting blend of strategic problem-solving, analytical skills, and management prowess. Graduates from a supply chain management course find themselves at the crossroads of an intricate global network, managing a wide array of activities from procurement to logistics, thereby making tangible impacts on the businesses they work with.

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With the burgeoning complexity of international commerce, supply chain management has emerged as a crucial field, accelerating demand for skilled professionals. With a degree in supply chain management, one can navigate through this industry, sculpting an intriguing and rewarding career in logistics and supply chain management.

The Evolution of Supply Chain Management: A Historical Perspective

Understanding the evolution of supply chain management helps appreciate the complexity and importance of the field today. 

The early 20th century saw the core focus on production. With that, companies aimed at enhancing manufacturing efficiency. This era was characterised by mass-production models, as exemplified by Henry Ford’s assembly line. During this period, supply chain activities were largely fragmented, and logistics was viewed as a necessary but non-strategic expense.

Post World War II, there was a shift towards a market orientation, where understanding customer needs and providing value became the focal point. Businesses started recognising the significance of managing distribution and logistics to meet customer demands effectively. Still, the overall supply chain perspective remained functionally siloed, with each department focusing on optimising its operations without much regard for the broader system.

The late 20th century heralded a new era with the advent of Information Technology. Companies began to see their supply chains as an integrated process, where coordination across different functions was key to achieving overall efficiency. Alongside this, various waste reduction and continuous improvement strategies like JIT (Just in Time) and TQM (Total Quality Management) also took birth.

With the dawn of the 21st century, the supply chain management field witnessed exponential growth in its complexity and strategic importance. Globalisation led to lengthier and more intricate supply chains, demanding better coordination and visibility across all levels. While we were adjusting to the new normal, e-commerce giants like Amazon emerged, completely revolutionising consumer expectations from businesses. The newfound appetite for speedy, affordable, and efficient delivery has skyrocketed, exerting considerable pressure on companies to meet these amplified demands.

The freshest shift in supply chain management is deeply connected to the arrival of advanced digital technologies like AI, machine learning, big data, and blockchain. This surge of technological advancements has sparked the beginning of an exciting new journey in the realm of supply chain management, unfolding an array of promising prospects for the times ahead.

Charting Your Career Path

A supply chain management degree unlocks a multitude of potential career paths, each with unique roles and responsibilities. You might find yourself stepping into the shoes of a Supply Chain Analyst. 

In this role, you’d immerse yourself in the meticulous review and enhancement of supply chain processes, skillfully using quantitative data as your compass to guide insights and shape strategic decisions. Alternatively, you could take on the mantle of a Logistics Manager or Operations Manager. These roles place you at the heart of daily supply chain operations, where your responsibility lies in maintaining the smooth running of operations and ensuring efficient and timely deliveries, all while keeping a vigilant eye on cost management.

If strategic roles interest you, you might gravitate towards becoming a Supply Chain Consultant or a Supply Chain Manager. These roles involve a strategic overview of supply chain processes, optimising performance, reducing costs, and ultimately driving value for businesses. 

As your experience grows, you could even work your way up to become a Director or Vice President of Supply Chain Management, playing a pivotal role in shaping a company’s direction and success.

Leveraging the Right Course

Taking the right supply chain management course is crucial in developing the necessary skills and knowledge to excel in this industry. A well-structured course provides both the theoretical and practical grounding required to navigate the dynamic landscape of supply chain management.

One course that stands out is the Professional Certification in Supply Chain Management and Analytics by IIT Roorkee, offered in collaboration with Imarticus Learning. This globally recognised certification offers a comprehensive curriculum, expert-led teaching, and real-world industry projects, providing a holistic and impactful learning experience.

Building a Future in Logistics and Supply Chain Management

A career in logistics and supply chain management promises diversity and exciting challenges. With roles spanning across industries like retail, manufacturing, healthcare, and technology, a degree in supply chain management could lead you anywhere in the world.

As businesses increasingly prioritise sustainable practices, there is a rising demand for supply chain professionals capable of creating and implementing green logistics strategies. This presents opportunities to influence companies’ environmental footprints while driving cost savings and efficiency.

Conversely, with the surging emphasis on digital transformation, an array of roles dedicated to the management and application of advanced technologies in supply chain management is becoming increasingly prevalent. These technologies, encompassing AI, machine learning, and blockchain, create a rich confluence of technology and supply chain management, paving the way for innovation and revolutionary change.

In conclusion, possessing a degree in supply chain management is akin to holding a versatile key capable of unlocking a myriad of career opportunities. Opting for a globally recognised course like the one offered by IIT Roorkee ensures you are well-armed with the necessary skills and insights to flourish in this ever-changing field. 

Setting off on a career journey in supply chain management offers not only a diverse range of challenges to conquer but also a chance to make a significant contribution to the global economy.

Components of Supply Chain Management

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The term ‘supply chain management’ first came into the picture in 1982, when Keith Oliver coined it. However, supply chain management has existed in practice long before that. The only way to successfully sell large quantities involves efficient supply chain management. 

With modern technology, AI, and various software tools, business owners find managing their supply chains increasingly simpler. Nevertheless, one must be aware of the different components of supply chain management in order to simplify and streamline their supply chain operations.

Let us dive into the world of supply chain and dissect each component of the supply chain to understand its functioning. 

Understanding Supply Chain Management: Definition and Objectives

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Essentially, supply chain management refers to the handling of all the processes involved in transforming raw materials into finished products and, subsequently, selling them. Supply chain management impacts other facets of businesses, such as financial management, operating costs, customer satisfaction, and more. 

The key objectives of supply chain management are: 

  • Improving efficiency
  • Optimising logistics
  • Improving customer satisfaction
  • Cutting down unnecessary costs
  • Improving distribution
  • Co-ordinating the overall business

Six Components of Supply Chain Management

While there are several different models of supply chain management, the most common one is the Supply Chain Operations Reference or SCOR model. This model has six components that are as follows:

  • Planning: The first and most crucial component in supply chain management is planning. One of the first things an entrepreneur would need to plan is how to make their product, domestically or internationally. Furthermore, this is also the time to decide whether you want to make each part of your product yourself or whether it would be more sensible to purchase some components from a third party. 

Additionally, planning will also require you to decide how you will produce and store your products. This means you should have a clear layout of whether you want to make and store your products beforehand or make them as you get orders. 

  • Sourcing: Once you are done planning, you will be moving on to the sourcing phase of your supply chain management. This is where business owners should reach out to potential vendors, verify the quality of raw materials, get the best-quoted price possible, and subsequently buy them. It is also essential to ensure all your raw materials are delivered on time. 

In addition, remember to assess and vet your suppliers continually for optimal supply chain management operations. 

  • Location: Location plays a very critical role in supply chain management. For example, if you own a beverage company, your manufacturing plant should not be established in a location with water scarcity. Therefore, set up your manufacturing unit based on the needs and requirements of your raw materials and finished products. 
  • Making: Once the previous three steps are fulfilled correctly, you will move on to making your goods. This stage involves assembling, testing, and packing of finished products. You can incorporate customer feedback at this stage to ensure your products are up to the mark. 
  • Delivering: Now, we enter into the logistics part of supply chain management. Apart from ensuring your goods reach your customers, this phase also involves processing orders, warehousing, and inventory management. A major part of the success of a company depends on this stage, and hence, you should put special efforts into ensuring a smooth delivery process. 

Some of the best delivery practices include automated inventory management, large warehousing networks, delivery fulfilment using air, sea, and road, and so on. 

  • Returns: While returns may seem to have a negative impact on your business, in reality, how you handle your returns and improve your products based on that will attract more buyers to your company. Therefore, make sure to create a simple and easy returns process that does not feel like a hassle to your buyers. 

Furthermore, you should have efficient reverse logistics in place to ensure your goods are picked up on time and returned to your warehouse for further inspection or processing. Other elements of the returns process are:

  • Identifying the condition of the returned product
  • Authorising the return
  • Scheduling a replacement
  • Processing refunds

Importance of Understanding Supply Chain Management for Growth

Needless to say, supply chain management is one of the most important aspects of businesses that help entrepreneurs to scale up while saving costs and offering high-standard services and products. Even though supply chain management might sound simple, it has a ton of intricacies, all of which need to be taken care of in order to get the best results. 

In this regard, we recommend enrolling in the IIT Supply Chain Management Course, taught by esteemed faculty members at IIT Roorkee and offered by Imarticus. 

This online course covers all the basics in addition to the components of supply chain management. Furthermore, you will also be able to learn coding languages and software tools like Python, Excel, and Tora. At the end of the course, you will get a certification from IIT Roorkee, which will further boost your portfolio and help you better manage your own business supply chain operations or establish yourself as an expert in this field. 

Top 9 Supply Chain Management Courses in India

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Supply chain management stands at the forefront of modern business operations, thus, making it a highly demanded skill with a $27.2 billion market value.

With an expected CAGR of 10.9% between 2023-2032, the employment scope in supply chain management is bright in the coming years.

This blog will look at the top supply chain management courses online for a competitive approach. Simultaneously, we will explain a supply chain management system and why it is essential in the current scenario. So keep reading!

What is supply chain management, and why should you consider learning it?

Supply chain management is a unified area involving goods and services management. It also includes information that links the supplier to the customer. 

It is a wholesome area that integrates and coordinates supply chain activities, from procurement to delivery, including assembling and producing the final product.

Apart from this, other tasks involved in the process include but aren’t limited to –

  • Rightful pricing
  • Exemplary customer service
  • Increased visibility in the system
  • Highlighted risk management

The best supply chain management courses

Supply chain management has emerged as an integral aspect of business and is essential for a company’s success. Hence, Here are a few references for the topmost supply chain management courses.

Simply & Easy – Basics of Supply Chain Management (BSCM) by Udemy

About The CourseDurationFee Structure
This course is designed around supply chain management and its nitty-gritty. The AADINI Basics of Supply Chain Management cover a significant part of the daily supply chain management techniques. These include basic knowledge of supply chain design, inventory management and optimisation, logistics and warehousing, and supply chain analytics.2 hoursRs. 1,999

Professional Certification in Supply Chain Management & Analytics by Imarticus

About The CourseDurationFee Structure
The course on SCM and analytics by Imarticus Learning promotes thorough learning of the latest techniques and developments available in supply chain management. The programme covers various topics, including data analysis and visualisation, project and risk management.6 monthsRs. 1,60,000

Operations and Supply Chain Management by Udemy

About The CourseDurationFee Structure
This course allows learners to create a like-minded space to implement supply chain management principles efficiently. It covers topics like operations, and inventory management, along with operations research. 1.5 hours approximatelyRs. 1,999

Supply Chain Management Specialisation by Coursera

About The CourseDurationFee Structure
The course focuses on a direct approach involving the subject. The programme primarily educates learners on the role of a Supply Chain Manager and introduces them to the basic principles, processes, and systems needed for streamlining the supply chain.6 months / customisableDepending on the duration

Implementing Supply Chain Management by LinkedIn Learning

About The CourseDurationFee Structure
Offered by LinkedIn Learning, this course is for both students and professionals. It focuses on teaching innovative ways to implement successful business strategies in supply chain management. With this course, you can carefully examine the scope in supply chain management.1.5 hours (approx)Rs. 1,357

Supply Chain Basics for Everyone by LinkedIn

About The CourseDurationFee Structure
It is one of the most accessible courses for beginners looking to understand the scope in supply chain management. The course features resources that can be used as a starting point if you want to pursue a career in this field20 minsRs. 1,357

Managing Logistics by LinkedIn

About The CourseDurationFee Structure
Managing logistics is based on an in-depth understanding of the current logistics operations. At the same time, it can inform you about the scope in supply chain management. This course also covers supply chain management, logistics planning and control, customer service, and warehouse operations.40 minsRs. 1,061

Master Control in Supply Chain Management and Logistics by edx

About The CourseDurationFee Structure
The course on master control in supply chain management and logistics equips students with an understanding of principles associated with management and logistics. It also covers modern methods and tools for an effective supply chain.7 weeksRs. 4,007

MicroMasters Programme in Supply Chain Management by edX

About The CourseDurationFee Structure
One of the most beneficial programmes of all time, this online course spans over a year. It also comes with experience from MIT lecturers on topics ranging from global supply chain design to supply chain analytics.1 year and six monthsRs. 1,24,682

Conclusion 

Supply chain management courses provide a comprehensive understanding of the various aspects of the supply chain, including logistics, data, materials management, product development, finance, and customer service. 

It is also essential for organisations to be able to optimise their supply chain processes to remain competitive in today’s ever-changing market. 

The Global Chief Supply Chain and Operations Officer programme by Imarticus equips students to lead the supply chain. Visit the website for more details!