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Tag: Certified Supply Chain Management Career

Should we reconcile forecasts to align supply chain management and analytics?

Posted on by Imarticus Learning

One of the biggest perks of analytics in supply chain management is its utilisation of the demand forecast. Managers at different levels of the supply chain may be using it for different purposes. The common factor is that they all use the data for making some sort of decision.

One could say that the supply chain management career will require you to make a lot of decisions based on the various data available at any given time. Decisions of different levels may be based on the same set of data or entirely different ones as well. 

One must think about whether or not to align multiple levels using the forecasts. So the question here is, will it be wise to use a unified forecast across all levels?

Unified forecast in Supply Chain Management (SCM)

The technological advancements have made it easier to unify the various sections or levels in the SCM and send a common forecast for all. But, it is the only easy path here as there are more challenges ahead for such a decision to be successful. The main challenges here are, 

  • Efficiency: It is going to be a tedious process to repeat the same process every month for the specified period.  
  • Optimality: The optimal model that is successful for one product or material may not be at the same level for another product, even for the same company. 
  • Alignment: Aligning the forecast and aligning the performance may not be the same. Even with a unified forecast, the outcome of different departments may be different so it is not advisable to take such a move. 

So, the answer to the question is, it is not advisable to align the forecast in a supply chain system. But what you can do is to provide the data in a single platform where it is accessible for all levels. This way a lot of fragmentation could be prevented. This is where a skilled supply chain manager comes into play. 

Importance of Supply Chain Management & Analytics

These days businesses rely on data to come with better plans for their future. The supply chain uses the massive data generated through its operations on a daily basis. The SCM system and analytics can use this data to predict future trends so that the companies can optimize their production or increase their sales. 

Opting for a supply chain management course with analytics will give you a clear idea about the various processes involved in these operations. The designing of the distribution network, planning, and coordination, etc are some of the topics that are included in such courses. 

The Professional certification in Supply Chain Management & Analytics course here at Imarticus is in collaboration with IIT Roorkee. The course offers live sessions, discussions, assignments, assessments, and a capstone project that will award a certificate after successful completion. You will receive career support with the guidance of experts. The career options ahead include the Supply Planning Analyst, Procurement Specialist, Supply And Operations Planner, Quality Assurance Manager, Logistics Manager, etc. 

Conclusion

Completing a course in SCM will enable you to see and make appropriate decisions based on the analytics. A smart manager will be able to run the show for any given period and will be able to adjust the decisions at crucial points, without compromising the competitive advantage. It is all about balancing the supply and demand so that neither of these is above or below the other. 

Why is IIT- Roorkee, Supply Chain Management Program the Best?

Posted on by Imarticus Learning

The supply chain encompasses all of the actions, people, organizations, information, and resources required to transport a product from conception to client. In the consumer goods industry, this is likely to include raw materials, production, packaging, shipping, warehousing, delivery, and retailing. The end goal is straightforward: fulfill the customer’s desire. 

Further, supply chain management is the process of combining supply and managing demand not only within the firm but also across all of the supply chain’s innumerable units and channels so that they function together quickly and productively.

 Supply chain management is critical for any firm since it can introduce various benefits. But, inadequate supply chain management can result in very expensive delays, quality concerns, or reputation issues. Poor supply chain management can also lead to legal concerns in some circumstances if vendors or processes are not compliant. Technology advancements have opened enormous possibilities for supply chain management, allowing supply chain managers to collaborate intimately and in real-time with supply chain participants.

 A certified supply chain analyst has a very important role in every industry that involves the supply chain. A supply chain management career can guarantee you a high-salary job in various sectors. The IIT Supply Chain Program is the best and comes with some exclusive benefits. This 6-month supply chain management online course has been specially prepared by IIT faculty and industry professionals to assist you in learning. 

Supply chain management courses by IIT RoorkeeWith the ever-increasing trend of e-commerce, the number of products in transit has also increased. The number of supply chain management employees has increased disproportionately across industries. This training will prepare you to capitalize on this opportunity.

Why Pursue IIT Supply Chain Management Course?

The benefits of IIT certified supply chain analyst course are as follows:

  1. Discover supply chain management knowledge and much-required analytical skills with this program built by IIT Roorkee’s DoMS & E-Learning Centre. This course will assist you to become more data-centric and improve supply chain selection by using the strength of Python.
  2. This supply chain management online course will assist you to learn from one of India’s greatest faculties via live online sessions and conversations. IIT faculty workshops will help you construct essential concepts in SCM, while industry specialists will provide hands-on learning for SCM processes, tools, and strategies. This course will teach you how to construct a solid SCM foundation and use analytics through engaging live sessions with renowned trainers and industry professionals.
  3. Participate in a three-day campus immersion session to tour the IIT Roorkee campus. During the campus immersion, you will connect with your peers and learn from IIT academics. You will get the opportunity to go to the Delhi or Noida campus and work on the Capstone Project with the help of expert mentors.
  4. Tackle tough real-world challenges that necessitate a full understanding of principles, mastery of skills, and comprehension of the business context. With these real-world SCM projects, you can boost your resume and stand out. You will be able to create your own project portfolio and dazzle potential employers. Through rigorous in-class exercises and SCM projects, industry experts teach you crucial job-relevant skills.
  5. Massive volumes of data are generated by supply chains – Big Data, to be more explicit. Prepare to participate in the creation of smarter, more strategic, and tactical global supply chains of the future by merging traditional supply chain methodologies with data-driven judgment.

 It is very evident that the demand for a certified supply chain analyst is increasing by the day. In such a situation, certification can give your career the right boost and help you bag your dream job in your desired company. Enrolling in this course can be a game-changer for you!