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Tag: supply chain management career

Supply chain planning: Learn 6 applications of big data in supply chain management

Posted on by Imarticus Learning

It is not hidden from anyone that today’s world is very competitive and the marketplace too. In the world of globalization, Higher customer expectations, and constant development of activities in the marketplace, you need to always be a step forward from your competitors. That’s what the whole point of logistics and supply chain management courses and big data is. 

What is big data? 

Big data is explained as a huge set of data that can capitulate or encompass more than an exabyte of data. it makes the traditional systems and applications useless in handling, overseeing, visualizing, and capitulating data in a structured and statistical format. That is why people take up SCM professional certifications so that they can get a better understanding of big data and its relation to the supply chain. How is big data connected with supply chain planning and management is a key feature to understand before you take up any certification for supply chain professionals?

What is the relationship between big data and supply chain planning?

Many organizations try to make changes and upgrade their Big Data Analysis (BDA) capabilities for its obvious benefits. The certification for supply chain professionals gives you that upper hand so that you can be the person the organization needs when they want to manage and handle their data effectively and efficiently.

Currently, the ‘5V’ type of big data is being used by most organizations as it contains 5 key features of big data. These key features can be categorized as:

  • Variety
  • Veracity or verification
  • Velocity
  • Volume
  • Value

The understanding of these 5 V’s is very important whenever you are thinking of taking up any logistics and supply chain management courses. as it has been told already that big data has a very important role to play in the management of the supply chain. 

6 major applications of big data in supply chain management

The applications of big data in supply chain management can be learned by certification for supply chain professionals. Big data performs major applications in supply chain management which can be stated as follows:

  1. Prediction of inventory: it is considered to be one of the most important applications of big data in supply chain management. Big data helps organizations to calculate and credit the inventory required for the upcoming period.

  2. Control of product quality and temperature: industries like food, agriculture, pharmaceuticals, and chemical processing need to sincerely monitor and observe a few distinct features of their supply chain, among which is product quality and temperature, in which they need to be kept. Big data helps organizations to have an idea of the same.

  3. Real-time tracking and fulfillment of order: nowadays free sign your order and effective order full payment is a key feature of any supply chain. The inclusion of big data helps organizations to see the traceability of their orders and the fulfillment of each of them.

  4. Maintenance of machines: machines are a very integral part of industries and supply chains in today’s time. Big data has its role here as well. It helps the industrialist to maintain their machines and know the depreciation, the value of the machines, or when to repair them as per the calculation of machine life.

  5. Keep moving the supply chain: big data has an important role in circulating the movement of the supply chain and that’s what makes it unique for the management of the same.

Conclusion

Although investing in big data can be a tricky option for organizations, the outcomes and the benefits of big data Bend on the heavier side. Therefore, if you are looking for logistics and supply chain management courses, then the course of professional certification in supply chain management and analytics by Imarticus in collaboration with IIT Roorkee is the one for you.

What are the responsibilities of a certified supply chain analyst ?

Posted on by Imarticus Learning

Supply chain analysts are the backbone of every organization. They take care of all logistics, from managing inventory to ensuring that products get to the right place at the right time.

Supply chain analysts are in charge of ensuring that products and services get to their destination on time. They also ensure that these items are handled with care, which means they have to work closely with suppliers. Supply chain analysts need to be responsible for everything from knowing how much inventory is required at each location to ensuring the correct product arrives at the right store. 

Who is a Supply Chain Analyst?

A supply chain analyst works for a company to improve its bottom line by looking at the complete picture of its operations. A certified supply chain analyst will understand how all aspects of production and distribution affect profitability and how operational changes can be made to increase profits. It is imperative to explore what a supply chain analyst does and what responsibilities they have to answer the question “what are the responsibilities of a certified supply chain analyst?” Becoming a supply chain analyst is an excellent way to enter the field of business. 

best supply chain management and analytics coursesKey roles and responsibilities of a Supply Chain Analyst:

  • Work with the management team to identify areas for improvement and implement changes 
  • Analyze data, ensure that processes are efficient, monitor product flow (location of goods), inventory levels, etc. 
  • Collaborate with other departments within an organization to achieve common goals. This may include working closely with the supply chain managers to determine how best to allocate resources based on production schedules or shipping deadlines; understanding facility layout to avoid making it difficult or inefficient for employees; ensuring worker safety by analyzing equipment effectiveness and ergonomics. 
  • Supply chain analysts are responsible for keeping track of all aspects of how goods are created, transported, sold, and delivered. They make sure that businesses have everything they need before it becomes necessary to order more. These professionals need to keep up with new technological advances to be prepared for what comes next in business.

Grow and Transform with Imarticus Learning:

Future-proof your career with the new-age curriculum with the supply chain analyst course offered by Imarticus Learning. The Certification Course is designed with DoMS and E-learning Centre, IIT Roorkee & industry leaders to provide a cutting-edge experience to candidates who wish to enter the operations & supply chain industry.

Supply Chain Analytics enables management to make data-driven decisions at strategic, operational, & tactical levels. This certification prepares you for high-demand job roles such as Demand Planner, Data Scientist, Supply Planner, and Supply and Operations Planner.

Supply Chain Management Online Course USPs:

  • The six-month program is uniquely designed by IIT faculty & industry leaders.
  • With the ever-increasing trend of e-commerce, the amount of movement of goods has been ever-increasing. The program prepares you to gain from this opportunity.
  • Learn from one of the best faculties in India through live online sessions and discussions.
  • Solve complex real-industry problems demanding a thorough understanding of concepts, mastery over a skill, and understanding the business context. 
  • Boost your resume and stand out with these real-world SCM projects.

All Things SCM: Get an IIT supply chain management certification

Posted on by Imarticus Learning

Are you looking to get ahead in the supply chain management field? You might want to consider getting an IIT SCM certification. According to recent studies, this is one of the most in-demand certifications in the world. Earning this certificate will help you stand out from the competition and open up new opportunities for your career. This blog will discuss everything you need to know about getting an IIT SCM certification!

What is SCM, and what are the benefits of getting certified?

Supply chain management is the procedure of planning, implementing, and controlling the flow of materials and information from suppliers to customers. SCM includes coordinating and integrating supply and demand planning, production planning, inventory management, order fulfillment, transportation management, and customer service.

Getting certified in SCM can help you improve your skills and knowledge in this field. The IIT SCM certification is one of the most respected and well-recognized certifications globally. It can help you stand out from the competition and improve your career prospects.

The IIT SCM certification covers all aspects of supply chain management, from planning to execution. It includes theoretical and practical training to apply what you learn in the real world.

The job opportunities for a supply chain management certification

The possibilities are endless. The IIT supply chain management certification is the perfect way to start your career in supply chain management. In 2022, the IIT supply chain management certification will be more popular than ever. The IIT supply chain management certification will give you the skills you need to succeed in the supply chain management field. 

best supply chain management coursesHere are some of the popular jobs in supply chain management:

  • Logistics Coordinator
  • Inventory Control Specialist
  • Purchasing Agent
  • Material Handler
  • Traffic Manager

These jobs require different skills, but some common traits are necessary for all SCM roles. These include:

  • Strong analytical skills
  • Ability to think strategically
  • Proven problem-solving abilities
  • Experience with Microsoft Excel and other software programs

If you want to work in supply management, ensure that you have the required talents and qualifications. An IIT supply chain management certificate is one way to ensure you have the necessary skills and abilities.

Explore Supply Chain Management Course with Imarticus Learning

The supply chain certification provides cutting-edge expertise to those interested in entering the operations or supply chain analytics course. Across industries, there has been a dramatic growth in the number of SCM jobs. A career in SCM can be enriching, both financially and professionally.

Course Benefits For Learners:

  • We immerse students in in-demand technologies and projects, including six real-world projects that will give them a complete grasp of the industry to prepare them for a satisfying future in Supply Chain Management and Analytics.
  • Students who complete a supply chain management online course will prepare for competitive careers such as Demand Planner or Data Scientist, which are in great demand among companies today! 
  • This supply chain management career will help students become more data-centric and improve Supply Chain decision-making by harnessing the power of Python.

2022: The year of IIT Supply Chain Management courses

Posted on by Imarticus Learning

If you’re an aspiring business professional, you know that supply chain management is a required field to study. And if you’re   in this field, look no further than IIT! Starting in 2022, IIT will be offering a Supply Chain Management specialization.

This new specialization will cover all aspects of supply chain management, from procurement to distribution. If you’re interested in making your mark in the business world, don’t miss out on this opportunity!

It’s no secret that the supply chain management field is increasing. It can grow by 21% in the next decade. And with the rise of e-commerce and global trade, there’s a growing demand for skilled supply chain managers.

And it’s not just traditional colleges and universities that offer these courses. More and more online schools are offering them as well. So if you’re looking to get into supply chain management, there are more options than ever before.

An overview of Supply Chain Management (SCM) programs at IITs

The Indian Institutes of Technology (IITs) are India’s premier engineering and technology schools. The IITs offer undergraduate, graduate, and doctoral programs in various engineering and scientific disciplines. Recently, the IITs have been increasingly offering Supply Chain Management (SCM) programs at undergraduate and graduate levels. 

The demand for SCM courses has been growing in India due to the country’s increasing economic importance in the global supply chain. In addition, Indian companies are starting to realize the importance of efficient supply chain management to remain competitive. As a result, many IITs have started offering SCM courses, and the number of students enrolling in these programs is increasing.

Future of Supply chain Management

But what does this mean for the future of supply chain management? Well, it’s hard to say for sure. But one thing is sure: the demand for skilled supply chain managers will only grow in the years.

As businesses become more globalized, the need for efficient supply chain management will only increase. There will be a massive demand for qualified supply chain managers who can help organizations streamline their operations and optimize their networks.

In response to this demand, we expect to see a proliferation of supply chain management courses in the coming years. These courses will provide students with the skills and knowledge to succeed in this rapidly growing field.

Enroll in one of these courses and start your journey towards a successful career in this exciting and rapidly growing field.

Explore Certificate Course in Supply Chain Management with Imarticus Learning

A supply chain management online course is ideal for professionals interested in enrolling in operations or supply chain analytics courses. This online supply chain management training will educate students for positions including Demand Planner, Data Scientist, and Supply Planner.

Course Benefits For Learners:

  • We immerse students in contemporary technologies and initiatives, such as six real-world projects that will provide them with a comprehensive understanding of the industry to prepare them for a successful future in Supply Chain Management and Analytics. 
  • Students who complete supply chain management training online will prepare for sought-after occupations such as Demand Planner or Data Scientist, which are in high demand among businesses today! 
  • Students will learn how to analyze and utilize data in a supply chain management career, allowing them to be more data-centric and improve Supply Chain decision-making by using Python.

How IIT supply chain management courses are revolutionizing the supply chain management era

Posted on by Imarticus Learning

The IITs are known for their pathbreaking education initiatives. IITs provide certifications, online classes, and courses through other education partners or the NPTEL (National Program on Technology Enhanced Learning) portal. The professional certification in Supply Chain Management & Analytics is one such program by IIT Roorkee to help eligible applicants get their desired career in supply chain management.

The Supply Chain Management (SCM) course is designed with the help of the Department of Management Studies in IIT Roorkee and taught by reputed IIT Roorkee professors. The program also features live online training as well as on-campus sessions. The SCM certification by IIT Roorkee would help you learn all the key skills necessary for making data-driven supply chain decisions.

Modern supply chains are completely focused on data-driven decision making and by combining tried-and-tested supply chain techniques, you can help facilitate smart, holistic, and compact supply chains. Now, by adding in analytics, you will be able to carry out tasks such as predicting or forecasting demand so that you can take the appropriate action to optimize your supply chain. You will also be taught Python and Microsoft Excel so that you can effectively handle data-centric tasks.

IIT Roorkee’s SCM Program

This certification course has been curated by the IIT Roorkee faculty with the help of Imarticus Learning. Successful candidates with a minimum of 80% attendance and 50% marks (in each assessment) get certified by the prestigious DoMs and E-Learning department of the Indian Institute of Technology, Roorkee. 

You are also required to submit all the projects that you are designated. These projects will give you the hands-on experience you need for analytics and data-centric supply chain management.

SCM is an extremely lucrative sector and this program helps you increase your prospects in this domain. Imarticus Learning also provides placement assistance once you are certified. You can also get involved with Supply Chain Analytics, Strategic Planning, and Operations Management. Some job roles are supply planner, operations planner, demand planner, demand analyst, and supply manager. You can even become a data scientist or a data analyst with the skills you will acquire through the program.

SCM is still not tapped properly and there is a huge skills gap in the industry. There are not enough talented professionals while a huge chunk of these companies requires supply chain experts for their businesses. With this program, you will be able to help companies optimize their sales, demand, and supply processes. Throughout the program, you will get access to 1:1 mentoring sessions. You can also engage in online discussions with other students and with mentors to clear any doubts.

The classes are live instructor-led and there are a host of in-class projects and exercises. There will also be an extremely fun capstone project and career support. The supply chain management course fee will be completely worth it once you get a job of your liking in SCM.

In the first few weeks, the program covers various drivers and metrics in supply chain management. After this, you are taught how to design supply chains and distribution networks. You are also taught how to plan and coordinate demand with supply. Just before the last final weeks, the course features sales planning and operations planning. Finally, the program teaches uncertainty management and optimal product availability determination.

Conclusion

Some other great job roles you are eligible for after this supply chain management online course are Supply Planning Analyst, Procurement Specialty, Logistics Manager, and Quality Assurance Manager. If you wish to join any of these career options, you should check IIT Roorkee’s logistics and supply chain management course.

Can blockchain resolve certainties in supply chains?

Posted on by Imarticus Learning

Blockchains can be referred to as an upcoming technology, which has enough abilities to reduce cyber security risks available in supply chains. These mostly deal with an auditable, inconvertible history of transactions, bringing about a verifiable identity. 

To begin with, blockchains can be understood as a digitally distributed ledger that tracks transactions among several parties. It is best known for its remarkable roles in cryptocurrency systems, in order to maintain transactions that are mostly decentralized. Blockchains mostly deal with the security and understanding of information, in order to generate trust without any third-party providers.

If you are aiming to become a supply chain analyst, then this article will provide you with information regarding the role of blockchains in supply chains. 

How do Blockchains Enhance the Functioning of Supply Chains?

  • Data Visibility: Increased data visibility could bring about greater transparency and trackability of up-to-date information. Once included, these records cannot bring about change. For instance, these roles are best applicable in the cases of food safety. Data visibility allows you to track mistakes and enhance the safety of the products.

 

  • Process Optimisation: Blockchains provide help to optimize business operations and processes. Inefficiencies present in the supply chains are mostly manual, application-based procedures that can cause mistakes, increase fraudulent activities and bring about difficulties in management processes. 
  • Technical Considerations: Several requirements such as scalability, integrity, and security must be met in an enterprise ecosystem. The blockchains designed for business purposes bring about a sense of identity as well.
    Infrastructure also plays an important role as protection must be provided against the tampering and misuse of information. This can also add up to a higher rate in the production of data at a fast rate. Round the clock, availability is also included to support ledger replication.
  • Collaboration: Blockchain helps in combatting collaboration issues by adding up data and providing a centralized platform. Intermediary requirements are also negated by saving the organization’s primary aspects such as time and finances. It also helps to decrease miscommunications and problems, creating a platform where people can function efficiently.
  • Increased Automation: Most freight invoices comprise inaccurate and unnecessary information. These bring about vulnerabilities such as errors and miscommunication, leading to inefficient supply chain management.

 

Blockchain plays an adjusting role by bringing about suitable product activities. Delivery speed also increases, which finally leads to better services.

Advantages of Blockchains in Supply Chains:

The role of blockchains is to provide successful transactions or transaction facilities. 

  • ERP Software is mandatory when it comes to storage functions and managing business activities which include handling of employees, production as well as accounting. Blockchain makes such functions smoother by connecting all the organizations in order to bring efficiency to the whole process. 
  • Life cycle management is properly enhanced with the help of blockchain technology. Sufficient feedback is provided to the consumers and other members who are part of the supply chain. A distributed consensus is realized where online transactions can be understood in the future. 
  • Blockchains store products, order details, and IoT. Order and transportation are also provided to find the trust of all stakeholders present in the supply chains. These sensors are mostly updated over the cloud and real-time tracking. 
  • Blockchain systems are applicable to not only managerial sectors but to healthcare, agricultural, and legal facilities as well. Inventory management, forecasting, asset tracking, and intellectual property storage area used by blockchains to make the supply chains more alert. 
  • Real estate industries are heavily benefited from blockchains because complete decentralization is provided. 

Conclusion:

If you are looking for a supply chain and analytics management course, then Imarticus Professional Certification in Supply Chain Management and Analytics is the most ideal course available.

best supply chain management and analytics coursesLessons provided from IIT supply chain management based in Roorkee, the course provides for live sessions with faculty experts and a curriculum approved by industrial leaders.

Opportunities for working with international SCM projects are also provided. Overall, this certificate course will fulfill all your interests in blockchains and supply chain management.

Different types of supply chain analytics

Posted on by Imarticus Learning

Large-scale corporations use the method of supply chain analytics to acquire deep insights and extract value from extensive quantities of data concerned with the processing, distribution, and procurement of goods.

Though it has existed as a discipline for over a century now, the data infrastructure, mathematical models, and applications have evolved remarkably over time. Accomplishing end-to-end supply chain analytics demands putting information together across the procurement of raw materials and extends through production, distribution, and aftermarket services. 

To cater to the growing demand in this field, Imarticus Learning has come up with Professional Certification in Supply Chain Management and Analytics. This Supply Chain Management course with Analytics furnishes candidates with a chance to work on 6 real-world projects and learn from the best faculty.

This article will give you an elementary understanding of different types of uncertainties managed in the supply chain and walk you through the various aspects of supply chain analytics. A supply chain analytics course training can give you an in-depth knowledge of this field.

Understanding supply chain analytics

Corporations need to analyze the deluge of information they gather from numerous applications affiliated with their supply chain. These include data from inventory, order warehouse management, procurement, transportation, and shipping costs.

The whole system of the supply chain acts like dominoes, with each step directly dependent on the other. Any problems at any step of the entire process can impact the overall result and hamper customer expectations. Supply chain analytics help you to analyze the data and ensure a smooth running of the total operation. 

Different types of supply chain analytics

There are mainly 3 types of supply chain analytics that will help you to in managing your business better:

  • Descriptive Analytics: These help you keep track of your daily operations and the changes required monthly.
  • Predictive Analytics: These provide you with an early warning so that you can gear up production, staffing, and procurement to fulfill the increase in demand.
  • Prescriptive Analytics: They provide suggestions so that you can maximize your inventory system performance and serve as the best posture for your entire inventory policy.

Best practices in supply chain analytics

If you are in the position of managing the supply chain of your trade firm, then these supply chain analytics practices will help you to optimize your decisions: 

  • Help you maintain your inventory history for accurate forecasts
  • Use the Product Life Cycle (PLC) to adapt your forecast
  • Use analytics to plan your shelf space and increase sales
  • Organize your prime hours with overlapping shifts
  • Help you identify the possibility of Full Truck Load (FTL) given various frequencies of replenishment

Key deliverables of supply chain analytics

Some of the key deliverables of supply chain analytics to boost your business are:

  • Reduce inventory and release cash 
  • Improve fill rates and deliver growth 
  • Eliminate wastages and improve margins 
  • Improve forecast accuracy 
  • Improve service levels 
  • Reduce cost to serve

Supply chain analytics compliance requirements

With your business expanding and integrating more and more technology suppliers, you will have to blend supplier compliance management into your all-around compliance agenda. Quality management systems (QMS) record the methods, strategies, and obligations for quality and control objectives.

They also include the management of vendor relationships. Try to concentrate on the most business-critical vendors first to uphold business continuity and protect your customers.

Some major supply chain analytics compliance requirements are: 

  • Define your control requirements in all Service Level Agreements (SLAs)
  • Try to set key performance indicators for monitoring your suppliers
  • Establish communications by moving to a shared digital portal

Conclusion

The field of supply chain management is an evolving one and promises a lot of scopes to grow and prosper. Take the Supply Chain Management course with Analytics by Imarticus Learning and become a supply chain analyst for a career of great promises, prosperity, and growth. 

A supply chain analytics certification with IIT, Roorkee can help students get into top positions in this field.

Here’s why you should choose supply chain planning as a career

Posted on by Imarticus Learning

IIT supply chain management manages supply chain activities to optimize customer value and gain a last competitive advantage. Supply chain organizations deliberately attempt to construct and run supply chains most effectively and efficiently feasible. Product development, sourcing, production, and logistics are all covered by supply chain operations, as are the information systems required to coordinate them.

The supply chain analytics certification at Imarticus covers the following points:

  • The first is that almost every product that reaches a customer results from a collaboration between several firms. The supply chain refers to all of these businesses working together.
  • The second point is that, even though supply chains have been there for a long time, most businesses have solely focused on what happens within their “four walls.” Few companies comprehended, let alone managed, the complete chain of events that led to the final delivery of products to the client. As a result, supply chains have become disconnected and inefficient.
  • Further, the organizations connect with physical flows or information flows.

A physical flow transforms, transit, and storage of items and materials. They are the supply chain’s most visible component as the flow of information is crucial for every organization.

Information flows are essential for every organization as it governs the day-to-day flow of goods and materials moving around the supply chain.  The SCM program at Imarticus helps develop the strategy to take care of the needs and requirements of the customers.

How to Become a Supply Chain Analyst

Data collection is essential for working in any organization, but management and handling of data to be helpful in the organization is even more crucial. You can have a promising career in supply chain analytics.

So, what does supply chain analytics do? A supply chain analyst examines the flow of goods through a distribution system. The analyst looks for flaws in the current process and then works to find solutions to enhance it, ultimately boosting supply chain performance.

Further, analysts are essential at every level of the supply chain management process, including obtaining data, interpreting data, communicating with supervisors, peers, and subordinates, and facilitating decision-making.

Stages of Supply Chain Management

Every stage of supply chain management requires analysts. Analysts are critical in every aspect of the supply chain, from material procurement to network architecture and all in between. Here are some supply chain management stages (areas) to consider:

  • Raw material sourcing
  • Production planning
  • Inventory management
  • Demand planning
  • Distribution planning
  • Network design

Career Options at Supply Chain Management

Supply chain management is a lucrative career opportunity. By opting for SCM course at Imarticus, you have the following career options:

  • Sourcing analyst
  • Material analyst or material planner
  • Production analyst
  • Inventory analyst
  • Demand planning analyst
  • Deployment analyst
  • Transportation analyst
  • Supply chain modeling analyst

What learning supply chain management at the IITs is like (share like an experience)

Posted on by Imarticus Learning

As a student of commerce, Supply chain management seems like a prospective career choice because of how lucrative the job role is in the market. Initially, as a rookie student with an interest in this field, I was more drawn towards this sector because of how in-demand this job role is. To elaborate, expert professionals in the supply chain sector are mainly involved in the management of the entire production flow of goods and services, between locations and businesses. It is also inclusive of the storage and movement of raw materials, inventory, and even finished goods. 

To make it big in Supply Chain Management, a background or a qualification in this field is a mandate. Students with commerce backgrounds are open to choosing any specialization or field they want after graduation or finishing higher studies. A professional six-month program in Supply Chain Management from IIT has indeed been a life-changing course. As expected from a top-tier premier institute like IIT, it is truly the best that one can go for if they want to make it big in this industry. 

Key Highlights of This Course

Needless to say, the very mention of IIT in your CV is bound to give your career a boost amongst the numerous candidates who apply for the same job role you are aiming for. Speaking from experience, it is an advantage over other potential candidates in this field. Down below is a list of some of the reasons why taking up this course has been one of the best decisions: –

Premium Faculty

As far as personal experience goes, studying a course in IIT has been more than an honor. It has lived up to every expectation because of the premium faculties in Supply Chain Management. One to one session with expert IIT faculty has indeed helped grasp the key concepts that are a mandate in this field.

Exclusively Designed by Professionals

This 6-months program is professionally designed by industry experts and IIT faculty for students to learn. Job roles involving e-commerce are increasing day by day because of the increasing amount of movement of goods and services. This has led to an increase in demand for supply chain management professionals. With the number of job roles that have increased for Supply Chain Management worldwide, it has indeed made it better for students with this certification. With more opportunities in the market, nailing a job has become much easier thanks to the IIT affiliation as well. 

Gaining Experience Through Learning

This course is designed to make you solve real-industry problems that will give you a simulation of working in the field itself. This experience is extremely helpful in understanding crucial concepts, developing skillsets that prove beneficial for professionals in this field, and even having a thorough grasp of business contexts as well. 

Campus Immersion 

You can participate in the three-day campus Immersion module to visit the IIT Roorkee campus. You can interact with peers and learn from the IIT faculty during the campus immersion. Visit the Delhi or Noida campus and work on the Capstone Project under the esteemed guidance of professional mentors.

Big Data and Analytics Knowledge

Supply chains are hubs of massive datasets making them a part of Big Data. This course had helped not only in training traditional techniques of Supply Chain management but has even implemented a data-centric approach to SCM-related decision-making.

Conclusion

Being fresh alumni of this elite supply chain and analytics management course is bound to take your supply chain career to heights you’ve never imagined. Enroll in the from Imarticus.

In the driver’s seat: Driving value realization in supply chain analytics courses

Posted on by Imarticus Learning

The supply chain system is a build-up of many aspects put together — from demand to manufacturing to transportation and many more. These aspects together are called the drivers in the supply chain system. As such, their value in the system is irreplaceable. This is why learning about them or realizing their value is essential if you are thinking about a career in SCM.

For that, what is primary is for you to pursue a course on supply chain analytics that will help you cover all the basics. Thankfully, a lot of institutions in India offer a compact supply chain analytics course that will help you get ahead in your career. 

Imarticus Learning, with its years of experience and placement offers, ranks in one of the topmost positions. Their supply chain management course with analytics will not only help you become a supply chain analyst with highly sought-after skills but their placement offers will help you to land a job in your dream sector right from the get-go. Here, we are going to talk about the value realization of the drivers in the supply chain management system and how supply chain analytics courses should focus on them in detail. Please read the whole article to learn more.

Production

One of the major aspects or drivers of the supply chain management process is, of course, production. That includes, what is produced, how much is produced, and also the whole manufacturing process through which it is produced. As such, in the supply chain analytics course, realizing the value of this driver is imperative. 

Inventory

Source materials, products still in the manufacturing process, as well as finished products are referred to as inventory in the supply chain management system. Their value lies in determining the storage places as it directly impacts the responsiveness of the supply chain as well as the retailer’s efficiency. As any change in the inventory greatly affects the supply chain system, their value realization in the supply chain analytics course puts the students way ahead in their careers.

Shipment

Shipment or transportation is yet another core driver of the supply chain management system. The inventory is moved from one place to another through transportation means. As such, its importance is quite irreplaceable in the system. The modes of transportation greatly affect the efficiency as well as the responsiveness of the system. Learning about how to manage a smoother and more efficient mode of transportation in the supply chain analytics course will help the students immensely in their careers later.

Factory Location

Facilities or factories are the places where inventory is stored to assemble them into finished products. As such, deciding their location, capacity, as well as adjustability of the facilities, will impact the supply chain management system massively. Learning to make such decisions quickly and as accurately as possible is one of the most sought-after qualities in a supply chain analyst. Their value realization in the analytics course is a huge way to move forward in your career.

Information

Information, by far, is possibly one of the most important drivers in the supply chain management system. It consists of data regarding inventory, facilities as well as transportation, and clients throughout all the points in the supply chain. As it affects all the other drivers in the supply chain it is absolutely necessary for making the system highly efficient and responsive. As such, learning how to read, store, and analyze said data is one of the skills that make an efficient supply chain analyst. 

Conclusion

Driving value realization is an important part of the supply chain analytics course as it directly impacts how the students will perform in their careers later on. Thankfully, with Imarticus Learning’s IIT supply chain management and analysis course, you can now have all these basics covered and get the boost you need in your career.