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Tag: supply chain management career

Transforming healthcare with operations research in Supply Chain management

Posted on by Imarticus Learning

The Supply Chain Management course is a graduate-level program that explores the systems and processes needed for managing product flow from manufacturer to customer. It is an essential component of any company’s operation as it helps them identify, monitor, and manage their inventory across all stages of production.

It also identifies potential areas for improvement in order to optimize operations and generate more revenue. Supply Chain Management has many different applications including healthcare, which we will explore in this blog post.

What is Operations Research in Supply Chain Management?

Operation research is a method for improving decision-making and planning through the development of models that describe complex problems and help to identify the most effective solution. Supply chain management is a sub-field of operations research that deals with managing inventory, information, people, time, space or money as factors in complex supply chains involving many organizations collaborating together. Also, Supply chain management and operations research make a powerful pair, especially when it comes to healthcare.

How Operation research in Supply Chain Management is transforming Healthcare?

Healthcare is one of the most complex industries with many moving parts that need to be managed together seamlessly. SCM offers an approach for improving quality while reducing costs by identifying areas for improvement such as:

  • Supply chain visibility: It is challenging to identify the root causes of supply problems and manage inventory effectively when there is a lack of visibility.
  • Supply chain management helps healthcare providers make better-informed decisions by having real-time, accurate information about their product flow and distribution.
  • Reducing costs: Supply Chain Management can help reduce healthcare spending through improved planning for equipment maintenance, more efficient use of resources and more accurate forecasting.
  • Improving patient care: Supply Chain Management’s central theme of collaboration can help healthcare providers reduce wasteImproved productivity and process efficiency. by identifying areas for improvement in how they work together, share technology, or even practice medicine.
  • Increasing transparency: Supply chain management will help to improve both the quality and delivery of care. Supply chain visibility creates a shared understanding across healthcare stakeholders, such as patients, doctors, payers, or manufacturers.
  • Reduces errors: Supply Chain Management can increase the number of people who receive critical treatments quickly by reducing errors in inventory management and product distribution which reduces wait times.
  • Supply chain optimization for ancillary services like lab tests, diagnostics, pharmaceuticals etc.

Explore Supply Chain management courses with Imarticus Learning.

Imarticus Learning offers Supply Chain Management courses to help you discover the power of Supply Chain Management. Supply chain management is best suited for Supply Chain professionals who want to move up the Supply Chain career ladder.

Imarticus Learning’s Supply Chain certification prepares you for a comprehensive understanding of Supply chain management concepts so that they can be applied in your work environment with ease. Imarticus also brings you instructor-led training from experienced industry experts and certified practitioners, helping you develop Supply Chain Management skills that are in demand.

Course USP’s:

  • Takes your career goals to the next level.
  • Best suited for Supply Chain professionals.
  • Learn from industry experts and take your skills to the next level with Supply chain management online courses developed by expert Supply Chain practitioners & trainers, certified consultants, and leading academics of top universities in India and abroad.

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.

Here’s how you can overcome the greatest challenge in supply chain management

Posted on by Imarticus Learning

While a supply chain management career has its perks and rewards, the field also has its due share of woes. Supply chain managers have constantly been confronted with increasing challenges hindering the creation and retention of effective and efficient supply chain methods.

While it is something they deal with daily, the problems have only dramatically magnified, especially in the wake of the COVID-19 pandemic. The current issues faced by supply chains are as acute as they could ever be and require constant surveillance, robust planning, and addressing of weak links. 

Top Supply Chain Management Challenges and How to Overcome Them

While the concerns regarding supply chain management hurdles are always on the rise, the good news is that the advancement in innovative technology and analytics has made it possible to face these challenges head-on.  So, let’s look at some of the most common supply chain management challenges and their possible solutions.

Cost Control

In global logistics and supply chain management, cost control is a serious and complicated task. The rising freight and fuel prices, increasing labor rates, new technology, the increasing cost of commodities, new regulations, and greater globalization do not make things any easier. 

Solution: The best way to deal with the cost control challenge is to leverage the power of technology. Streamlined systems, technology (such as Transportation Management Systems), and communication can give companies the visibility to see the monetary and service implications of every decision. The key is to have a plan and execute it properly while optimizing systems with the help of technology.

Quality Customer Service

Supply chain management revolves around customers. However, customer service remains one of the biggest challenges in supply chain management. 

Solution: The one-size-fits-all approach fails because every customer’s needs are different, and everyone expects customized service. Thus, the solution here is to invest in technologies that offer access and visibility to data. Hence, real-time changes and shifts in the supply chain can be monitored and responded to before they create challenges that affect customer service.

Risk Mitigation

Changes in the dynamic global market are triggered by consumer demands, politics, new product launches, credit availability, and events like a pandemic. These changes are usually unforeseen and cause an immediate blow to the supply chain.

Solution: The only way to overcome these unprecedented disruptions is to plan, review, assess, and be ready with a risk management solution. Along with regular inspections and assessments of the market, contingency plans must be in place to minimize damage as much as possible. Identifying and quantifying the major risks to operation is the key to control and respond to them.

Quality and Sustainability

Quality and sustainability of products is a significant concern in global supply chains, especially when the products have to meet specific regulatory standards. In addition, ethical sourcing is necessary to reduce environmental impacts.

Solution: Supply chain managers must ensure that suppliers and their products meet regulatory, quality, and environmental standards. To this end, third-party software tools and inspection services can be leveraged. Such tools and software collect and monitor information regarding supplier safety and environmental standards.

Which is the Best Supply Chain Management Course?

During your hunt for the best supply chain management online course, you will come across several programs tailor-made to prepare individuals for a career in the field of supply chain management. So, to ensure that you learn from the best, research the program and look for features like hands-on learning with real-world SCM projects, comprehensive coverage of tools like Python, Excel, and TOra.

Wearable scanners boosting productivity in supply chain operations is the future

Posted on by Imarticus Learning

Did you know that warehouse wearable technology has created a paradigm shift in how supply chain operations function? So, before you set sail on a supply chain management career, here’s a snapshot of how wearables in the warehouse are the future.

Wearables and accompanying apps have been in use for quite some time in warehouse operations. These are devices that are connected to the internet and worn on the head, face, wrist, or other body parts for hands-free communication. They are pretty much like activity and fitness trackers, but in the case of warehouse wearables, the technology helps workers perform supply chain tasks without having any additional mobile device in tow. 

Why Wearable Technology In the Supply Chain Is the Future

Wearable tools in supply chain operations include devices for hands-free scan verification, picking, and sorting. These devices have been improving warehouse productivity for decades and are here to stay for the foreseeable future. 

But what exactly are the benefits they confer on supply chain operations? Let’s find out.

Increased Productivity

Using wearable devices and freeing up employees’ hands dramatically enhances the speed of packing, picking, and shipping operations. Moreover, there is a significant increase in productivity when pickers can scan barcodes, receive instructions, and update inventory information without using a conventional handheld scanner or pen and paper.

Improved Accuracy

Wearable devices like scanners can reduce errors significantly since they eliminate the need for manual data entry. Furthermore, voice-directed wearable devices use voice commands over a headset to instruct employees about picking locations, SKU information, etc. These, along with hands-free barcode scanners and other automatic identification technology improve accuracy and increase productivity.

Identification of Inefficiencies

Awareness of the inefficiencies in the supply chain operations is as important as making the process more efficient. Identifying the obstacles that slow down processes make it easier to eliminate the hurdles. Wearable technology logs valuable information that can be helpful to identify inefficiencies and devise solutions. 

Improved Safety and Ergonomic Benefits

Most often, warehouse employees perform repetitive tasks that can cause injury and fatigue. Hence, warehouse wearables are designed to minimize the number of workplace injuries. For instance, these devices can monitor employees’ location, physical activity, and health, and if any unsafe activity or posture is detected, they provide real-time feedback to the wearer.

Enhanced Speed

Last but not least, the increased awareness that hands-free devices offer allows employees to complete their jobs more quickly. Using mobile computers while doing supply chain tasks is inconvenient, takes up time, and slows down the workflow. But wearables ensure there are minimum disruptions in the workflow, which, in turn, increases the speed of output. Thus, employees can cut down on the extra time wasted. 

Wearable solutions have made life in the warehouse much easier. Moreover, the evolution of machine learning and artificial intelligence has generated further value in the warehouse through robotics, computer vision, natural language processing, and similar sub-technologies. Overall, wearable solutions have transformed supply chain operations by boosting employee productivity and improving efficiency.

What To Look For In A Supply Chain Management Course?

Looking for a supply chain management online course? Well, there are several online courses that cater to the needs of professionals aspiring to make a career in the field of supply chain management. But before you settle for an SCM course, ensure that it has a robust curriculum incorporating key programming languages and tools like Python and Excel and hands-on learning with real-world projects.

Why do organizations emphasize on delivering business value through efficient procurement and logistical management?

Posted on by Imarticus Learning

Looking for the best logistics and supply chain management course on the block? Before you choose the supply chain Management course that suits you, understand why efficient procurement and logistical management are vital for organizations in the first place.

Procurement and logistics are two of the most common terms that you will hear in a business environment. While procurement refers to sourcing supplies, logistics means the holistic process of acquiring resources from their origin, managing them, and transporting them to the point of consumption.  

But why do organizations emphasize procurement and logistics management to deliver business value? Let’s find out.

Why is Procurement Management Important?

Procurement management entails overseeing all the processes involved in sourcing the materials, products, goods, and services required for business operations to run efficiently. The terms “purchasing,” “sourcing,” and “procurement” are often used interchangeably to describe the procuring of supplies and management of the process. However, it is “procurement” and “purchasing” that essentially refers to the operational function, while “sourcing” is usually more strategic.

Procurement management has a direct impact on strategic business operations and the company’s bottom line for the following reasons:

  • Procurement management ensures the proper acquisition of items and services so that processes and projects can proceed efficiently.
  • Procurement management can be instrumental in sealing valuable production and supplier contracts.
  • It can also set the stage for new and innovative processes and help domestic and local businesses go global.
  • When optimized, procurement management can save time, money, and resources while offering a competitive advantage.
  • By actively pursuing diverse suppliers, procurement management can be at the forefront of trailblazing CSR initiatives to promote diversity and inclusion.

Why is Logistics Management Important?

What earlier used to be a term restricted to military operations has now become a widespread business concept. Today, the business sector uses the term logistics to describe the efficient flow, storage, and management of goods from their source to the point of consumption.

Here’s how logistics management is critical to stay competitive and keep pace with customers’ demands:

  • Managing logistics significantly reduces overhead costs, increases productivity, and ensures faster delivery. 
  • Logistics is the foundation of a successful supply chain. It helps boost the sales and profit of businesses dealing with the production, warehousing, shipment, and delivery of products. 
  • The analysis of a company’s supply chain management data improves efficiency. Using a transportation management system to track the movement of goods in and out of a business optimizes the process and minimizes disruptions. 
  • Well-managed and organized logistics ensure fast and seamless product delivery to customers. 
  • Last but not least, efficient logistics management improves customer service, meeting and exceeding customer demands. It enhances the brand image and helps the business attract and retain long-term customers.

What to Look For in a Logistics and Supply Chain Management Course?

If your goal is to get a professional certification in Supply Chain Management and Analytics, there are several online courses that you can choose from. While each of them claims to be the best, ensure that the program caters to your professional needs.

For example, the course curriculum should cover key programming languages and tools such as Python, Excel, and TOra, and hands-on training in real-world SCM projects. Overall, the course must be robust enough to prepare you for the operations and supply chain industry with a cutting-edge curriculum and industry exposure.

Looking to Upgrade Your Career in Supply Chain Management and Analytics? Find Your Path Here

Posted on by Imarticus Learning

Supply chain management is a useful process for any organisation that wants to boost its ROI (Return on Investment). Businesses have to keep track of their services and products in the supply chain for more insights. With more insights, businesses can take better decisions related to the supply chain. To extract meaningful insights, data analytics is used by supply chain experts. If you want to upgrade your career in supply chain management, you can go for an online course that covers the analytical aspects. Read on to know more about building a career in supply chain management and analytics.

What is SCM?

SCM (Supply Chain Management) helps businesses in understanding the flow of goods and services. All the processes that convert the raw materials into finished goods come under the supply chain. SCM enhances the transparency of day-to-day business processes and you can make better decisions. When a firm knows the cost of its supply chain processes, it can make better decisions for slashing the costs. From the movement of products to the storage of raw materials, everything comes under the supply chain.

What are the pros of SCM?

The benefits of SCM in the current business scenario are as follows:

  • Supply chain management helps in meeting the supplies as per the customer demands. SCM helps a business in steering through market challenges and fluctuating economies.
  • You can enhance your inventory system with SCM and reduce damages in storing products/services.
  • With better SCM, a business can have better relationships with vendors and distributors. Better communication between different points of the supply chain adds to overall productivity.
  • You can gain insight into day-to-day operational costs incurred by your organisation with better SCM. Cutting overhead costs is one of the major advantages of SCM.
  • With SCM, you can reduce the delays in your business processes. Customers can receive finished goods and services in less time with better SCM.
  • You can optimise the space at your sales outlets with better SCM. You can highlight products according to the demands of customers in your sales outlets.

Due to the numerous benefits of SCM, firms need expert individuals who can enhance their overall productivity. Firms are hiring individuals who have completed a supply chain management course for better results. At present, data analytics is being used heavily for the supply chain management. With data analytics, you can know the demands of the customers and can forecast market situations.

What are different job roles in supply chain management?

Job roles in the supply chain management industry are as follows:

  • Production Manager: It prepares the staff schedules and ensures all equipment is working fine.
  • Supply Chain Manager: A supply chain manager interacts with vendors and distributors to ensure continuous supply/sale.
  • Logistics Manager: The logistics manager is concerned with the supply of products/services to the customer.
  • Purchasing Manager: Major purchase contracts are overseen by purchasing managers in respective firms.

How to learn SCM and analytics?

Young enthusiasts can go for the Professional Certification in Supply Chain Management & Analytics offered by Imarticus Learning. This supply chain management online course is sponsored by IIT Roorkee, one of the premier educational institutions of the country. You get to learn from industry experts and faculty members of IIT Roorkee. Not to forget, this course provides hands-on learning with numerous real-world SCM projects.

Conclusion

At the end of the IIT supply chain management course, Imarticus will offer extensive placement support. You can kickstart your career in the industry with an online course. Working professionals can also uplift their careers by completing an SCM online course. Start your IIT supply chain management course now!  

What is the job description of a logistics manager?

Posted on by Imarticus Learning

The logistics manager is an integral part of the supply chain management system. The supply chain management career is an ever-growing field that opens up plenty of job opportunities. Although the logistic manager will be mainly focusing on warehouse storage and the subsequent distribution, it is a job that can offer further growth in their career. There are several who are opting for this field as a career.

If you intend to be such a manager or are opting for a logistics and supply chain management course, you should be aware of the proper job description of the role. 

What is a logistics manager?

A logistics manager will be responsible for the overall management of the warehouse of the companies right from the planning, operating, storing, coordinating, and transporting of the associated materials. The manager would need to keep up with the inventory and the transportation until the products reach the next level in the supply chain. A manager may be responsible for a particular warehouse or multiple warehouses of a particular region as well. 

This is an area that serves as the middle in the overall supply chain. It requires a bunch of skills such as negotiation, analytical, leadership, administrative, organizing, and budgeting powers. This is where the Certificate in Supply Chain Management & Analytics helps. This course covers a wide range of program languages and tools to help candidates prepare for their responsibilities.  

Responsibilities of a logistics manager

  • Managing the warehouse includes organizing the goods, preparing proper inventory, and labeling the goods to ease the process. 
  • Preparing a proper budget for the transportation and negotiating with the carriers to transport it within the budget is another responsibility. 
  • Keeping track of both the incoming and outgoing deliveries can be a daunting task which also requires plotting the routes. 
  • A logistics manager should be aware of the latest shipping techniques to reduce the cost and maintain the goods in their proper shape and quality. 
  • It is also the responsibility of the logistics manager to have in-depth knowledge about the rules and regulations of the transportation, the ISO requirements, or the various guidelines. Managers must ensure that all the laws are properly followed by everyone under them until the goods reach the next level. 

The Certification in Supply Chain Management & Analytics course trains the candidates in the departments such as metrics, planning, designing, coordinating, sales and operations, etc. 

How to qualify to be a logistics manager

The primary requirement for starting a supply chain management career is to find a quality logistics and supply chain management course such as the SCM. Anyone with a Bachelor’s degree can apply for such a course.

Having at least 2 years of experience in the SCM field would be an added advantage. The candidate should have strong knowledge about supply chain, distribution, management, inventory, etc, along with exceptional skills in communication and analysis. A keen eye to observe the minute details would be a huge advantage as the manager is responsible for the daily operations as well as the employees’ performance. 

Conclusion

The role of a logistics manager is demanding as every day comes with a new challenge. It can be exciting or exhausting. This demanding job is not suitable for all. But those who are enthusiastic about such responsibilities can find it exciting. Those who like to solve problems will find such a job description thrilling. If you are among those, enroll into SCM now to have a stimulating career ahead. 

How Can A Supply Chain Management Course Help Professionals?

Posted on by Imarticus Learning

Supply Chain Management is a relatively new concept in the business world, but it has become increasingly important. Supply Chain Managers are responsible for ensuring that items and materials never run out. They work to ensure that their company is profitable by keeping costs low and having enough products to sell.

A supply chain management course can help professionals learn how this process works and give them an edge in the job market!

Supply Chain Management: An Overview

Supply chain management is a profession that has been gaining popularity over the past few years. The supply chain refers to the process of delivering goods from suppliers or manufacturers to customers. The supply chain may also include warehousing, production, and distribution, as well as retailing. This industry encompasses everything from sourcing raw materials for manufacturing products to how those products are marketed and sold at stores after they have been manufactured.

Supply chain management is a process that links the production and distribution of goods, materials, and services. The goal is to deliver what the customer needs as efficiently as possible. The process helps companies to manage the flow to help maximize efficiency.

Supply Chain Management Career: An Invincible Option

Organizations always look for ways to increase production while reducing costs. A supply chain management course can provide professionals with an understanding of how retailers work together to meet consumer needs.

Here is how a supply chain management course can help professionals:

supply chain management and analytics course by IIT, RoorkeeEfficient Collaboration: To swiftly and effectively deal with issues when they arise, it is vital to maintain a smoother flow of information across the supply chain to avoid any miscommunications and confusion.

Quality control improvements: To source better components and services, you must have better awareness & control of different links in the supply chain within your processes.

Keep up with demand: Supply and demand are factors that fluctuate in counter-intuitive ways. Improved data analysis & communication between producers, sellers, and suppliers can reduce the chance of supply hitting a bottleneck.

Cost Reduction: Improvement in quality control and inventory management brings along lower overheads & allows better optimization for profitability.

Mitigate risks:  A supply chain certification helps you figure out how to predict new challenges, for example, a supplier going out of business. Professionals can efficiently prepare for any unpredictable situation and minimize inefficient risk mitigation costs like unnecessary stockpiling.

Transform your SCM Career with Imarticus Learning:

If you are passionate about a supply chain management career, the Professional Certification in Supply Chain Management and Analytics course you need to enroll in today! The program has been designed in collaboration with DoMS and E-learning Centre, IIT Roorkee, and experienced industry leaders. The system provides a cutting-edge experience to candidates who wish to enter the operations and supply chain industry.

supply chain management and analytics courses by IIT, RoorkeeSupply chain certification enables professionals to make data-driven decisions at strategic, operational, and tactical levels. In the Supply Chain Management field, there is a shortage of professionals with process and analytics talents. This certification prepares you for high-demand job roles such as Demand Planner, Data Scientist, Supply Planner, and Supply and Operations Planner.

USP’s of Supply chain Management course

  • Master SCM know-how & much-needed skills in analytics through this cutting-edge curriculum designed by the DoMS & E-Learning Centre, IIT Roorkee.
  • Learn from one of the best faculties in India through live online sessions and discussions.
  • Get an opportunity to participate in the 3-day campus Immersion module to visit the IIT Roorkee campus.
  • Solve complex real-industry problems demanding a thorough understanding of concepts, mastery over a skill, and understanding the business context.
  • Supply chains generate massive amounts of data – Big Data, to be more specific.

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.

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!