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Tag: supply chain management and analytics courses

Procurement- Switch your focus from sourcing to supply chain management and analytics

Posted on by Imarticus Learning

The world of procurement has changed dramatically in the past decade. With an increasing shortage of skilled labor and a rising global economy, companies are experiencing growing pains trying to keep up with the demands for goods and services. 

One way to meet these challenges is by adopting new procurement methods to serve your organization’s needs better. This blog post discusses how to start focusing on supply chain management and analytics instead of just sourcing materials for production! 

What is supply chain management?

Supply chain management is the process of planning, organizing, and managing the flow of materials and goods from supplier to consumer. It includes forecasting demand, coordinating production schedules, managing inventory levels, and ensuring that products are delivered on time and in good condition. 

The reason to focus on supply chain management is that it allows you to optimize your entire production process. By understanding how the different parts of the supply chain interact, you can identify and address any inefficiencies. It will help you reduce costs, improve quality, and increase production speed. In addition, you can use supply chain analytics to make better decisions about where to allocate resources and how to respond to market fluctuations.

The benefits of focusing on supply chain management 

The main challenge in focusing on supply chain management is that it requires a lot of time and effort to set up and optimize. Getting everyone on board with the new approach can also be challenging. However, with careful planning and execution, the benefits of supply chain management will far outweigh the costs. 

Some of the benefits include:

  • Reduced manufacturing and inventory costs
  • Improved quality and speed of production
  • More accurate forecasting of demand
  • Easier identification and resolution of problems in the supply chain
  • Greater flexibility to respond to changes in the marketplace

How to start focusing on supply chain management?

Focusing on supply chain management is not easy, and it will take some time to design your system correctly. One way that you can start making this transition is by setting up a dedicated team within procurement. This team should create an overall strategy and work with other departments (such as engineering) to implement changes. You will also need to invest in the right tools and software to help you manage your supply chain.

The procurement world is changing, and those who don’t adapt will be left behind. By switching your focus from sourcing materials to managing the entire supply chain, you can improve efficiency, reduce costs, and stay ahead of the competition.

Explore Supply chain Management Career with Imarticus Learning.

The supply chain management course with analytics offers an experience beyond just classroom learning – our partnerships allow candidates interested in entering this hands-on field training from some of today’s top professionals!

Course Benefits For Learners:

  • We prepare students for a rewarding career in Supply Chain Analytics course by immersing themselves in six real-world projects that will provide them with a thorough understanding of the sector. 
  • Supply chain management course prepares students for competitive jobs such as Demand Planner or Data Scientist, which employers today have in high demand! 
  • By utilizing the power of Python, this course will help students become more data-centric and enhance Supply Chain decision-making.

Supply chain management courses on the rise catalyzing blockchain to leverage potential

Posted on by Imarticus Learning

Implementing blockchain technology is a new and promising way to present opportunities to improve the supply chain and related management process of any company. Notably, blockchain is a distributed database that is specifically used for the electronic storage of information that cannot be changed or deleted.

In the supply chain, the implementation of blockchain technology indeed gives it an added boost in order to improve the traceability and transparency in the supply chain as well as to reduce unnecessary administrative costs. 

Blockchain has gained global popularity. Many startups and corporations are also considering venturing into the use of this technology outside the industry of financial services. An example is Provenance, which is a startup specializing in supply chain transparency and finished a 6-month pilot project for keeping a track of the reliable tuna sourcing in Indonesia through blockchain. 

How has blockchain been integrated into the supply chain management system?

Blockchain in the supply chain is still under the experimental stage. And so far, it has helped participants record important relevant information like price, location, certification, date, and quality to efficiently run the supply chain management system. The availability of such information within the blockchain system increases the traceability of the material in the supply chain and reduces the chance of losses. It further enhances the organization’s position as a leader in reliable manufacturing. 

Top blockchain in supply chain management courses online

Blockchain will most likely dominate the supply chain industry due to it streamlining the processes involved. This will create a demand for more blockchain developers in the supply management industry. If you are looking for some reliable courses, then here are a few:

Blockchain in supply chain management: In this course, you will learn the ways in which blockchain technology is being implemented in supply chain management to efficiently deliver secure and transparent supply chains. You will be given in-depth knowledge of what blockchain is and how it has been implemented in supply chain management (SCM). You will additionally get to explore actual business use cases where blockchain is applied in SCM. You will be taught the necessary steps for implementing blockchain in your supply chain. 

 

Certified supply chain professional and blockchain training: Blockchain is a disruptive technology that has been deployed in a multitude of domains to optimize countless processes. Since there is a rising demand for blockchain professionals in the supply chain industry, a special certification is a proof that you are more competent and are sure to have an advantage over others.

This course is designed to guide anyone in creating solutions that can have an impact in every possible facet of the supply chain. It is professional training that deals with providing you with the necessary knowledge of how blockchain can be utilized for increasing revenue, decreasing costs, and improving other factors like quality and production.

 

Needless to say, there is a rising demand for blockchain developers and experts. And in the coming years, it has the potential to provide prospects to individuals just starting off. A supply chain management career is one of the best fields to venture into and is highly promising with a good amount of job satisfaction. Therefore, if you want a supply chain certification to kickstart your career in the domain, then you can opt for a good supply chain analytics course.

The role of business intelligence and analytics in the supply chain and analytics industry

Posted on by Imarticus Learning

Business Intelligence and Analytics in the Supply Chain and Analytics industry helps convert the vast amount of data into a usable format.

A successful supply chain management system should have sufficient stock with no overstocking or understocking. Business Intelligence will help in predicting the customer demand so that companies can have the right amount of goods ready when necessary. It is then easier to keep track of the shipment and improve the overall customer service. 

As this career grows to be more in-demand, one can become a certified supply chain analyst by completing a supply chain management online course approved by industry-leading companies. Such courses will explain how analytics is used in the supply chain and prepare you for the challenges in this career. 

Need of Business Intelligence in SCM

Supply chain management has a vast amount of operational data that the Business Intelligence (BI) uses to generate trend analysis which improves the efficiency of the SCM system. Such data includes transportation costs, maintenance costs, and trends, repair expenses, etc. Analyzing this data and creating a design that shows the market tendency will be game-changing for business. BI is useful in all stages of the supply chain. 

BI helps improve the internal efficiency of the management system and monitors the company’s progress and growth. It can also utilize the previous data to forecast possible results for the future. 

Since the supply chain system has multiple departments, getting equal visibility can be taxing. BI uses data from all departments to a single, easy-to-access database. Later, it can go through data if each step and process track them properly. 

How is analytics used in the supply chain?

Analytics helps businesses to visualize their strengths, weaknesses, problems, and forecasts. It can help with real-time problem solutions. 

  • The visual representation of data mainly helps track the demand, manage inventory, and monitor the delivery system.
  • Understanding the demand and the trend in the market is crucial for the success of a business. The analysis of collected data helps monitor, manage, predict, and make necessary changes to the business. 
  • Analytics helps organize the inventory according to the change in the market trend and customer demand. 
  • It helps track the movement of goods and makes communication more effective. With real-time monitoring and tracking of the goods increases customer satisfaction. 
  • Analytics can integrate the various systems to bring more profit for the business by boosting productivity and identifying the areas that need improvement. 
  • Tracking and predicting market trends helps avoid overstocking

How to enter the Supply Chain Analytics industry?

The first step towards the supply chain analytics industry is to enroll in a basic or advanced supply chain management online course. These courses are usually short-term, lasting for a few months. They are flexible so that even professionals can register and become a certified supply chain analyst. 

SCM Analysts should have some necessary skills such as mathematical, analytical, and communication skills. An analyst must also be prepared for any kind of challenges that may appear in their career. Courses such as the Professional Certification In Supply Chain Management & Analytics, are certified courses that offer guidance from experts, mentorship during and after the course, as well as placement assistance. 

Conclusion

Visualizing data by BI explores all levels of the supply chain management and makes it into a more understandable form to identify problems immediately so that it doesn’t escalate too much. It also helps optimize the cost, distribution, and delivery systems. The end product is a more responsive SCM system that can be flexible with the necessary changes.  

Here’s what you need to know about Digital Twin in Supply Chain Management

Posted on by Imarticus Learning

Digital Twin is a new concept in supply chain management that has gained popularity over the past few years. Digital Twin technology creates a virtual model of a physical product by digitizing its design, manufacture, and distribution process. This allows businesses to collect data about their products and use it for predictive analytics to improve efficiency, reduce costs, and cut down on waste. Read this blog post to learn more about Digital Twin basics before you start Designing a Supply chain network!

What is a digital twin, and how does it work?

A digital twin is a virtual replica of an existing physical entity, such as a machine or product. It can be used to predict changes that will occur in the future and also help with decision-making processes by providing insights into how those changes will impact performance metrics like supply chain cost per unit shipped, customer satisfaction ratings, etc.

The digital twin works by taking measurements from the physical entity and generating a virtual model. The data is collected via sensors installed on or around the object being monitored to record changes over time. These sensors collect information like temperature fluctuations, system efficiency levels, amounts of wear-and-tear damage done throughout its lifespan, etc. This can be used to produce insights into how that change will affect performance metrics later on down the line. This process enables better decision making about product design and life cycle management for companies looking at long term results instead of short term gains.

Benefits of using a digital twin in supply chain management include:

– Improved decision making by using data from the digital twin to inform decisions about product design, life cycle management and service level agreements.

– Reduced time required for new product launch as a result of faster prototyping with the use of virtual models that can be tested without having actually to build physical prototypes first. This means more efficient workflows are freeing up resources for other projects instead of spending time building components only to find out they don’t meet specifications. In addition, working off a virtual model reduces waste since prototype iterations are not needed before finalizing designs/products, which would have been scrapped otherwise due to being non-compliant or unusable in some way.

– Increased reliability via early fault detection resulting from integrated sensors on products connected through IoT devices, which in turn improves serviceability by allowing problems to be detected sooner.

– Reduced risk of disruption to operations caused by accident or system failure because the digital twin can provide real-time data about how changes will impact performance metrics like availability and reliability before they happen.

Learn Digital Twin with Imarticus Learning

Aspirants can quickly achieve the opportunity to work at most global digital twin courses with placement assistance. Students can get full career help to begin their digital twin courses with 8000+ placements accomplished with 60 per cent compensation increases.

Some course USP:

  • The digital twin courses with placement assurance aid the students to learn job-relevant skills that prepare them for an exciting career.
  • Impress employers & showcase skills with a certification endorsed by India’s most prestigious academic collaborations.

World-Class Academic Professors to learn from through live online sessions and discussions. It will help students understand the 360-degree practical learning implementation with assignments.

Why the IIT supply chain management program the best of 2021?

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.  

supply chain management and analytics coursesThis 6-month supply chain management online course has been specially prepared by IIT faculty and industry professionals to assist you in learning. With 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.

    SCM courses
  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!

supply chain management and analytics courses

How Managing Supply Chain Effectively Can Help You Reduce Overhead Costs

Posted on by Imarticus Learning

Effective supply chain management can help a business to grow amidst high competition. From buying raw materials to selling products, businesses can reduce the errors that hamper the ROI (Return on Investment). Effective supply chain management can reduce overhead costs and boost revenue. The day-to-day operational cost of a company is known as the overhead cost. Read on to know how effective supply chain management can help in slashing overhead costs.

 

Understanding supply chain management

 

Supply chain management includes the flow of products/services from the manufacturer to the customers. Every business should know the flow of products/services in the supply chain for better results. With the help of supply chain data, businesses can reduce operational issues. The objective of supply chain management is to slash overhead/inventory costs and reduce operational errors. Many businesses invest in supply chain software to know more about the flow of products and services. With effective supply chain management, you can fulfill the customer requirements and build better relationships with distributors/vendors. At present, businesses are hiring employees that have a certification in supply chain management for slashing operational costs.

 

Slashing energy costs with supply chain management

 

Businesses try to consume limited environmental resources to slash their overhead costs. Warehouses and outlets use lighting and coolers all day long. Businesses spend a large amount on maintaining the lights and other devices that utilize energy. With effective supply chain management, you can uncover the energy costs involved in your day-to-day operations. The lights and coolers can be replaced with other devices that are energy efficient. You can get to know which areas of your supply chain are consuming more energy than others.

 

Reduce the cost of office supplies

 

Office supplies may not seem costly at prima facie but can add a lot to your overhead costs. With effective supply chain management, you can get to know the cost of supplies used in your offices every month. Many businesses go paperless to cut the cost of ink and paper. Paperless documentation is easy and cheaper than traditional paper documentation. Even a small adjustment in your supply chain can save a lot in the long run.

 

Cost tracking with effective supply chain management

 

Operational costs can be slashed when the business knows about all the costs. Effective supply chain management includes documentation of all types of costs. You can study the record of your costs and can compare the records of different months. If any changes in the costs have occurred, you will quickly identify them. Once you have maintained an effective supply chain, you will spend less on retaining it. You will only fix those areas of the supply chain that need improvement.

 

How to learn more about supply chain management?

 

A supply chain management course can help in learning the required skills. You can go for the Professional Certification in Supply Chain Management & Analytics offered by Imarticus Learning. This course is provided by Imarticus in partnership with IIT Roorkee. You can learn job-relevant skills from the IIT faculty via this online course. One-to-one mentoring sessions will be provided by industry experts during the course. This course will also include a 3-day immersion program that allows students to interact with peers in IIT Roorkee. You will work on various real-life projects related to supply chain management in this online course.

 

Conclusion

 

The supply chain management online course offered by Imarticus follows an industry-oriented curriculum for a better learning curve. From career support to supply chain assignments, Imarticus will offer it all via their online course. Start your supply chain online course now!

How to Create Efficient Supply Chain Management Systems

Posted on by Imarticus Learning

How to Create Efficient Supply Chain Management Systems

E-commerce platforms are experiencing immense growth and this has led to the boom in supply chain management (SCM). Therefore, SCM Analytics is essential. It helps to analyze available data and gather metrics that can determine how systems can become more efficient.

Aspiring candidates can enroll in a supply chain management course to work in the field. Imarticus Learning offers professional certification for students who have basic knowledge of programming and operations management.

Top 5 Ways to Ensure an Efficient Supply Chain Management System

The working and proper management of a supply chain ensures the performance of a business and brings in new customers. So, companies need to maximize the efficiency of SCM. Candidates who wish to work as managers can focus on a supply chain management and analytics course that will enable them to learn how to create consistent supply chain management systems.

Following are 5 ways in which the efficiency of SCM systems can be improved.

  1. Get Reliable Suppliers

Introducing the right suppliers is essential to maintaining an efficient supply chain. Suppliers should be dependable and should have a history of good service. If the suppliers consistently provide good products, businesses will thrive and the supply chain will be sustained. Supply chain managers and analysts need to thoroughly research all potential suppliers. It will help to establish while suppliers will ensure product quality and packaging. Having reliable suppliers also means that the business can maintain ethical approaches and provide the best service to customers.

  1. Invest in New-Age Technologies

Managers can use a Warehouse Management System to streamline and maintain the efficiency of supply chains. Software applications should be used to collect relevant data, obtain insights, and document the performance of supply chain systems. Certain businesses can invest in transport management systems. These help to track and ship products without any errors. The entire SCM system can also be shifted to mobile devices for managers to work on the go.

  1. Ensure Constant Supply Chain Improvement

A supply chain that is efficient should remain so. SCM workers need to focus on new ways to tackle and maintain the efficiency of the supply chain. The improvement can be in terms of cost efficiency and benefits, customer service, or delivery to market.

  1. Returns Management System

A returns management system is an important aspect of SCM. This particular system allows companies to process returns faster. It improves the efficiency of the actual supply chain by keeping track of all the damaged goods that need to be processed again or manufactured again.

  1. Employee Development

For a supply chain to remain functional, a business needs dedicated and efficient employees. Every supply chain has a unique set of problems that require quick solutions. Employees should be able to provide those solutions and manage the supply chain in a way that minimizes errors. Therefore, businesses need to invest in proper training and strategizing.

How To Create Efficient Supply Chain Management Systems?

Candidates who wish to become SCM professionals and create an efficient system for businesses should invest in professional certification. Imarticus Learning offers a supply chain management and analytics course that is in collaboration with IIT Roorkee.

Students are taught to make decisions that are data-driven and based on valuable insights. Imarticus Learning provides hands-on training through 6 different projects. Students are also encouraged to participate in live lectures organized by industry experts. The institute provides a holistic education in supply chain management and ensures campus immersion at IIT Roorkee.

A supply chain management course from Imarticus Learning allows students to hone their managerial skills and use advanced software applications to provide error-free solutions. After completing the course, students can become supply planners, demand planners, supply and operations planners, or even data scientists.