Why is a Supply Chain Certification Lucrative in the next 10 years?

Supply Chain Management (SCM) oversees the manufacturing of a product from its origin until it reaches the consumer. Although it may sound simple, it involves several processes and thus requires a set of skilled professionals to ensure its smooth functioning. It is such an essential job profile that people are rushing to find an ideal Supply Chain Management course to become qualified.

Not only is it popular these days, but its prospects also don’t seem to dim in the next 10 years. Could these be the reasons why the supply chain management career is going to be lucrative in the near future as well? Let’s find out!

It offers diverse job opportunities

The SCM career options are so vast that it is difficult to find which one would be the best. These days, every product in the market would have undergone countless planning processes, material procurement, assembly, production, inventory management, and many more steps. Each of these areas comes under the SCM and will need professionals with special skills. It also involves almost every industry in one way or the other, so the diversity of job opportunities is numerous.

Ideal for skill development

supply chain management courses

Skill development is trendy these days. A supply chain management career opens up the opportunity to brush up on several skills. These skills include management, interpersonal skills, communication, teamwork, networking, etc. They apply to all industries, so it is a great way of formulating a wonderful portfolio of both professional and personal skills. Sometimes it can be more productive in skill development than the leading supply chain management certificate course online.

Suitable for all

This is a wonderful career without the hassles of a corporate ladder where everyone is pressured to reach the top. A career here will let you enjoy success and give satisfaction with the prosperity of the company as well. There are opportunities for both management and executive roles and you can still reach the top positions.

Compatible with the technologies

A supply chain is a global industry that is now involved with the latest technologies as well. AI, predictive analysis, automatic cars, drones, etc., all can combine with the supply chain to make each industry successful. This will force people to be more adept at analytical and management skills with an awareness of the overall end-to-end happenings in this field.

Finding the best Supply Chain Management Course

There are plenty of supply chain management certification courses available online. But what makes the Professional Certification In Supply Chain Management & Analytics course in collaboration with the IIT Roorkee different is its hands-on learning process dealing with real-life SCM projects.

supply chain management courses Other than being a top course endorsed by an IIT, this allows the aspirants to become better at decision making. It also permits an in-campus interaction with other students and faculty.

By solving real-life industry problems, it helps in creating a personalized portfolio to impress companies. On top of that, the analytics help in combining the SCM with data and generate a few techniques to make data-centric decisions.

The best course should have a sparkling curriculum that has every step involved in the management from designing to the sales operation. The course could last anywhere from a few weeks to one year. The salary prospects after the completion of the course could be in the range of 3.5-20 LPA, depending upon the qualification, skills, and experience.

Conclusion

People often have different interests in their career and SCM is a fantastic option that can open up opportunities in almost every field. They can have a different career but could still be within the supply chain.

How are Analytics and Supply Chain Management Shaping New-Age Careers?

Analytics is a relatively new term, but it has already become an indispensable part of our lives. This can be seen in the rise to the prominence of data scientists responsible for gathering & analyzing vast amounts of data from various sources. Data scientists have been instrumental in shaping how companies do business and creating tools that help them explore their data.

Analytics and Supply Chain Management: The Conjunction

Analytics and Supply Chain Management are two areas that have seen a significant transformation in the last few years. Analytics is now being used to improve customer experience, which has become one of the most important goals for businesses.

Supply Chain Management trainingsupply chain management courses in India is being used to increase efficiency throughout the entire supply chain, from production to delivery.

The role these two departments play in business cannot be understated- it’s more evident than ever that they are shaping new-age careers!

How has analytics become an integral part of supply chain management?

Supply chain analytics is the process used by organizations to gain insight & extract data associated with procurement, processing, and distribution. Supply chain analytics is an essential part of SCM.

The mathematical models, data infrastructure, & applications supporting analytics have evolved significantly. This improvement came from better statistical techniques, predictive modeling & machine learning.

Data infrastructure has changed with cloud infrastructure, complex event processing & IoT. Applications now provide insights across traditional application silos such as ERP, warehouse management, logistics & enterprise asset management.

Features of Supply Chain Analytics:

Data visualization: The ability to derive and reciprocate data to have better insights.

Stream processing: Deriving insights from wide data streams

generated by IoT, applications, weather reports & third-party data.

Social Media integration: Using data from social feeds to improve planning.

Natural Language Processing: Extracting & organizing unstructured data in documents, news sources & data feeds.

Location intelligence: Extracting insights from data to understand and optimize distribution.

A digital twin of the supply chain: Organizing data into a comprehensive model of a supply chain can aid in improving predictive & prescriptive analytics.

Supply Chain Analytics Uses

  • Identifying and improving risks & predicting future threats based on patterns & trends throughout the supply chain.
  • Boost planning accuracy by analyzing customer data to identify factors that increase or decrease demand.
  • Improve order management by consolidating data sources to assess inventory levels, predict demand & identify fulfillment issues.
  • Streamline procurement by organizing & analyzing cash flow across departments to improve negotiations & identify opportunities for discounts or alternative sources.
  • Increase working capital by refining models to determine inventory levels needed to ensure service goals with minimum means.

Learn and Grow with Imarticus Learning:

If you are looking for a career that has both excellent prospects and flexibility, then, IIT Supply chain Management course offered by Imarticus Learning is perfect for you.

Supply Chain Analytics enables management to make data-driven decisions at strategic, operational, and tactical levels. With this course, you can explore employment opportunities in job roles like Demand Planner, Data Scientist, Supply Planner, and Supply and Operations Planner. Master your SCM skills with analytics through this cutting-edge curriculum that helps you get more data-centric & improve the decision-making of a Supply Chain by leveraging the power of Python.

Can’t wait to Enrol? For further details, contact us through the Live Chat Support system or visit our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Hyderabad, Delhi, and Gurgaon.

Some Supply Chain Management Trends that’ll Shape the Sector Sharply in Future!

Supply chain management has become increasingly important with globalization, as companies have found it necessary to learn more about their supply chains to understand which materials are needed for production or distribution.

Supply chain management: Definition

Supply chain management is a process that deals with the flow of materials, goods, and related information between suppliers, manufacturers, distributors, and customers. It incorporates many different aspects which are constantly changing due to technological breakthroughs.

Supply Chain Trends: An Overview

The Supply chain management sector has evolved over the years. SCM professionals increasingly find themselves having to contend with several challenges such as increased competition for resources, new technologies, and changing customer expectations. A survey named “Improve the Supply Chain with Advanced Analytics and AI “by Gartner elaborate how 96% of supply chain leaders use predictive analytics, 85% use prescriptive analytics, and 64% use AI/ML.

Some Trends in SCM:

Artificial intelligence and machine learning

AIML is at the forefront as a solution to supply chain partners. Be it in-demand forecasting, production planning, or predictive maintenance, AIML is turning is a game-changer. It tracks historical shipment data & converts it into a forecast to gauge seasonal fluctuations in demand & make predictions at a store, product, or facility level. Knowing future needs allows businesses to plan production & predictive maintenance better than ever before.

Internet of Things

Devices communicating amongst them make information flow smoothly and efficiently, operating the whole network. Advanced robotics with big data gives organizations a comprehensive & accurate view of the real-time status of supply chain partners, shipments, and networks. With IoT connectivity comes data that allows highly optimized processes.

Continuous monitoring of critical equipment, improved inventory practices, and increased transparency are other benefits of IoT.

Blockchain

A robust supply chain consists of a known & trusted network. Blockchain technology in SCM can counter many related challenges. Entities in the blockchain network can track where the transaction originated from. Be it raw materials, payments to vendors, or copyrights of assets, everything is in a loop. Since deletion of trade within a blockchain is impossible, it adds to the transparency of transactions, ensuring the security of the entire operation.

Advanced analytics

Advanced analytics allows organizations to work with processes in real-time. In-depth analytics let professionals extrapolate data from existing conditions & imagine future scenarios to design more profitable strategies & create an efficient supply chain. The ability to track orders, optimize transportation, & even analyze returns on products & routes make it essential to integrate advanced analytics into SCM platforms.

Custom applications

Most new-age companies need unique solutions to cater to specific requirements of business & inter-departmental needs. Custom applications are personalized that enables management to gain greater power with real-time visibility, flexibility on move, dynamic tracking, increased

collaboration & hands-free operations. By leveraging these technologies, professionals can ensure that businesses survive but thrive in this chaotic environment.

Make a Career in SCM with Imarticus Learning!

supply chain management coursesFuture-proof your career with a supply chain management course from Imarticus Learning. The supply chain certification online course equips students to make data-driven decisions at strategic, operational, and tactical levels.

Due to the shortage of professionals with process and analytics talents in SCM, this program prepares students for high-demand job roles like Demand Planner, Data Scientist, Supply Planner, and Supply and Operations Planner.

Uniquely designed by IIT faculty & industry leaders, this 6-months program prepares you to gain the best from this opportunity.

Contact us through the Live Chat Support system or visit our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Hyderabad, Delhi, Gurgaon & Ahmedabad.