supply chain management career - Finance, Tech & Analytics Career Resources

Learn to Assess Risks and Opportunities in Supply Chain Management and Analytics with This Coveted Certification

Posted on October 16, 2021March 29, 2024 by Imarticus Learning

Every business wants to meet the supplies as per the demand of the end-users. For doing so, a business has to ensure effective SCM (Supply Chain Management). Supply chain management can help a business in knowing about the flow of raw materials and finished goods. In this digital era, businesses need individuals who are familiar with supply chain analytics.

Supply chain analytics can uncover areas of improvement and reduce overhead costs of an organization. Read on to know more about SCM and how to learn it.

Why is SCM necessary for a business?

Businesses are now realizing the benefit of effective supply chain management. The demand for SCM experts has increased over the years. The pros of SCM in the current scenario are as follows:

You can protect your business from market disruptions and production shortages via effective supply chain management.
SCM improves your inventory system and reduces errors in day-to-day operations. You can optimize the space for finished goods with SCM.
A business can optimize the display of products on sale outlets with SCM. You can decide which product should be highlighted at your physical store with supply chain analytics.
You can increase the customer walk-in ratio with better supply chain management. You will have better relationships with suppliers and vendors due to SCM.
When fewer errors occur in your day-to-day operations with SCM, you can increase the overall productivity of your business.
You can accumulate raw materials and finished goods according to the demand of customers. Oversupply and undersupply issues can be avoided with better SCM.
You can uncover all types of overhead costs with SCM. Unwanted overhead costs can be managed when you know about your operational expenses with SCM.

What are the risks in supply chain management?

Some of the risks associated with supply chain management that should be avoided are as follows:

Sometimes, businesses miscalculate the demands of the customer for a product or service. Demand risks can result in oversupply or undersupply.
SCM is concerned with managing environmental risks that can delay the delivery of products or raw materials. Political, governmental, and social issues often lead to delay in supply chain processes.
Contingency risks are also associated with supply chain processes. Your business should have a backup plan for any supply chain disruptions.
Manufacturing risks are also to be addressed by SCM experts in an organization. A small manufacturing error can affect the complete supply chain system.

How to learn supply chain analytics?

More and more businesses are understanding the importance of SCM in cutting losses. There will be a lot of opportunities in the SCM industry in the coming years. You can complete a supply chain management course to futureproof your career.

Enthusiasts can go for the Professional Certification in Supply Chain Management & Analytics provided by Imarticus Learning. The pros of the supply chain management online course offered by Imarticus are as follows:

Imarticus provides this course in association with IIT Roorkee which, is a leading university in India.
You will learn quickly via numerous real-world SCM projects under this course.
You will be applicable for a 3-day campus immersion program where you get to interact with peers and faculty of IIT Roorkee.
The IIT supply chain management course covers numerous aspects like sales planning, operations planning, supply chain performance, and distribution network.

Conclusion

The recent COVID pandemic has highlighted the need for SCM experts. With supply chain analytics, businesses can avoid market disruptions and economic disturbances. The industry-oriented online course of Imarticus can help in learning SCM industry practices. Start your IIT supply chain management course now!

How to Create Efficient Supply Chain Management Systems

Posted on October 15, 2021July 18, 2022 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.

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.

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.

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.

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.

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.

What is the role of a supply chain analyst in managing uncertainties in a supply chain?

Posted on October 6, 2021March 22, 2024 by Imarticus Learning

A supply chain involves a network that connects a firm and its suppliers in order to manufacture and deliver a certain product to the end-user. This network consists of many activities, individuals, entities, information, and resources. The supply chain also symbolizes the stages necessary in getting a product or service from its initial state to the consumer. A supply chain management career has become a dream for many young students.

A supply chain analyst plays a critical role in the design and execution of large-scale initiatives. A supply chain analyst gathers and processes data in order to improve the supply chain system. He/she works to improve employee performance and reduce the expenses of project-related commodities.

A certified supply chain analyst is the point of connection for many significant purchases made outside the firm for projects. He/she conducts market research and negotiates with corporate representatives to guarantee that the parent company receives the greatest price available. He/she is aware of the inventory on hand and proactively manages what is being used to assist other team members by ensuring they have the necessary tools.

What is the job of a certified supply chain analyst?

Create and develop techniques for gathering and managing supply chain data
To improve business revenue, research potential partners and seek out best-price contracts
Maintain a professional and friendly connection with contractors while supporting corporate aims and values
Contribute to the enhancement of a positive image and cross relationships with business partners and suppliers
Examine and evaluate collected data to identify problem areas in the supply chain process and devise ways to enhance it

How does an analyst manage uncertainties?

Mitigating risk will look extremely different based on a variety of supply chain-related elements. Look for specific weaknesses in the supply chain, such as sole-source vendors or centralized inventory. New software and other technology tools are now available to assist you in determining the origins of your risk.
In some circumstances, the consequences of an unforeseeable global calamity can be exacerbated because businesses have focused too long and too hard on cost-cutting measures and efficiencies. However, the same tactics that can make a supply chain run more efficiently and cost-effectively, such as sole-source suppliers, can also lead to longer, larger, and more significant interruptions. Balance your need for protection against unpredictability with your desire for improved efficiency.
A supply chain analyst creates a list of what-if scenarios that he/she can guide the team through in a simulated supply chain disruption crisis. These tests are critical dry runs of situations that are very likely to occur in the future, and they can provide invaluable insights into how much crisis management work they should focus on.
Although it is critical to have particular procedures in place in case of large-scale supply chain disruptions, it is also critical for supply chain managers to consider risk and uncertainty when making all decisions. Considering the effects of changes on risk management is critical to protecting against disproportionate losses caused by uncertainty, especially when deploying new technology, working on supplier development, or boosting overall efficiency.

Conclusion:

Companies are putting supply-chain risk management back on the menu in a more uncertain environment. Cybersecurity threats are becoming more destructive. A proactive approach paired with a strong risk-management culture will be a game-changer for businesses, assisting them in avoiding and managing future supply chain breakdowns.

For students wondering what to do after graduation, a supply chain management career might be the right start. A supply chain management online course will help you get closer to your dream career. There are great supply chain management online courses that you must check out!

Why is IIT Supply Chain Management Program the Best?

Posted on October 4, 2021March 22, 2024 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, a supply chain management course is the process of combining supply and managing demand not only within the firm but also across all of the supply chain’s innumerable units and channels so that they function together quickly and productively.

Supply chain management is critical for any firm since it can introduce various benefits. But, inadequate supply chain management can result in very expensive delays, quality concerns, or reputation issues. Poor supply chain management can also lead to legal concerns in some circumstances if vendors or processes are not compliant.

Technology advancements have opened enormous possibilities for supply chain management, allowing supply chain managers to collaborate intimately and in real-time with supply chain participants.

A certified supply chain analyst has a very important role in every industry that involves the supply chain. A supply chain management career can guarantee you a high-salary job in various sectors. The IIT Supply Chain Program is the best and comes with some exclusive benefits.

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

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.
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.
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.
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.
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!

How to Start a Supply Chain Management Career?

Posted on September 22, 2021March 28, 2024 by Imarticus Learning

How to Start a Supply Chain Management Career?

A supply chain management career is the best choice for those who are interested in research and logistical development. Students with a basic knowledge of programming and operations management can opt for the certificate course from Imarticus Learning.

This course will prepare students for a career as production planner, purchasing and warehouse manager, logistics resource planner, and maintenance supervisor. There are many more jobs in inventory control, procurement, and logistics administration.

Get a Degree in Supply Chain Management

To start a career in supply chain management, aspirants should opt for an SCM course. Imarticus Learning offers professional certification in supply chain management & analytics.

The certification is provided in collaboration with IIT Roorkee. Live lectures are organized by industry professionals and academicians. Students are encouraged to participate and interact with their peers and instructors.

The supply chain management course from Imarticus Learning requires students to complete projects that are based on real industry issues. These projects help students develop strategic planning skills at operational levels. For students aspiring to become data scientists, supply planners, demand planners, or supply and operations planners, this certificate course is the best choice.

Mentoring sessions are held frequently. These sessions are great for building networks and gaining hands-on experience. The campus immersion program at IIT Roorkee is a great opportunity for students to interact and develop soft skills.

Things to Know Before Starting a Career in Supply Chain Management

A supply chain management career is very rewarding and provides many opportunities. Students who wish to study supply chain management and build a career should keep in mind the following points.

Supply chain management is data-centric.

In supply chain management, professionals focus on data-driven decisions. A large volume of data is processed on a daily basis and analyzed to generate actionable insights. The extraction of relevant data needs to be accurate in order to create an efficient supply chain.

Supply Chain Management includes more than storage and movement of products.

The storage of products and movement from supplier to manufacturer, then to wholesaler to retailer, and finally to the consumer.

But the job also includes supply chain planning and monitoring of finances.

The certificate course from Imarticus Learning on supply chain management and analytics will help students learn every aspect.

Supply chain managers require soft skills for networking.

Supply chain managers need to collaborate and communicate with clients and other teams. This is why it is essential to have soft skills that include communication, people skills, and social intelligence.

To have a successful career, new professionals in the field should develop connections. Networking is essential to expand the knowledge base. Imarticus Learning helps students develop such skills through interactive sessions and project work with industry experts.

The supply chain management industry is competitive.

While there is scope for advancement in supply chain management, the industry is very fast-paced and challenging. The competition is intense and managers need to be able to process the planning and movement of goods quickly and efficiently.

The supply chain needs to be environmentally sustainable.

A supply chain manager should focus on creating an efficient supply chain. Such chains can optimize the movement of products which reduces wastage. This makes it more sustainable and environmentally friendly.

The professional certification in supply chain management & analytics from Imarticus Learning is ideal for learning relevant skills. This is a 6-month long program and prepares students for a lucrative career in supply chain management.

A supply chain management course can help candidates start and continue a successful career. Since there are many job opportunities in the industry, certification from a leading institute like Imarticus Learning allows students to create an impressive portfolio and get jobs in their fields of interest.

What industries will hire me with a professional certification in supply chain management?

Posted on September 21, 2021March 21, 2024 by Imarticus Learning

Supply chain management (SCM) is the process of optimizing the development and flow of a product, from raw material procurement to production, distribution, and delivery to the final client.

SCM involves the integration planning and execution of processes designed to handle the flow of materials, information, and financial capital in operations such as demand planning, sourcing, production, inventory management and storage, transportation (or logistics), and returning excess or faulty goods.

To function, supply chain management requires a combination of corporate strategy, specialized tools, and teamwork. Professional certification in supply chain management can take you a long way.

Supply chain management generates a range of benefits, including increased earnings, a stronger brand image, and a competitive advantage. These are some examples:

Improved ability to forecast and meet customer expectations
Enhanced supply chain visibility, risk mitigation, and prediction accuracy
Fewer process bottlenecks and less product waste
Quality improvements
Increased societal and environmental sustainability
Fewer overhead
Improved cash flow
And better logistics

If you want to pursue a supply chain management career, you must know your job prospects. A Supply chain Management course will come in handy if you want to flourish in this field and bag a job in your desired company.

Let’s check out a list of some giants that greatly need supply chain managers:

McDonald’s serves roughly 70 million consumers every day. It accomplishes this by coordinating a vast network of suppliers, franchise owners, and service providers.
Walmart is well-known for integrating path-breaking supply chain technologies and for developing novel routes to efficiency. Other companies frequently study Walmart’s supply chain management practices in order to replicate its success.
PepsiCo is the maker of well-known snack and beverage brands. It unveiled broad sustainability goals in 2019 that will drive the firm to reduce emissions and run leaner operations. PepsiCo is focusing more on optimizing its supply chain with enhanced data integration and inventory analytics, including ordering algorithms.

Companies like Apple highly rely on supply chain management hence streamlining inventory management and limiting overstocking.
Starbucks is another giant that depends on the supply chain and functions globally, reducing outsourcing costs and focusing on centralizations.
H&M’s supply chain focuses on intelligence and analytics, seeking to predict potential patterns of consumer behavior both online and in the brand’s physical locations.
Nestle is the world’s largest food processing enterprise. Nestle established a “global coffee alliance” with Starbucks, which will offer the coffee bean sourcing aspect of the supply chain, while Nestle (which paid $7.3 billion for Starbucks licensing) would execute customer-end allocation. They are also moving to blockchain to monitor food journeys.
Nike’s current manufacturing model is primarily reliant on third-party contractors in countries such as Vietnam, and Indonesia. By 2023, 20% of Nike and Adidas shoe production will shift to more automated factories. Given Nike’s existing reliance on offshore factory labor, this transition toward automation may necessitate a significant reorganization of its supply chain organization system.
Intel IT is transitioning the historical supply chain into a new “glass pipeline,” which increases decision-making skills and business agility. This project is concentrated on its Integrated Data Platform, which means that reports that used to take several hours to generate can now be generated in real-time as a result of speedier data access.
Alibaba is another company that depends on supply chain management. In 2020, the company reached a milestone of US$1 trillion and boosted revenue by 35% a year. This growth was witnessed despite the ongoing pandemic.

So, it’s clear that supply chain management is required in several industries. Some of the most important ones are:

E-commerce industry
IT industry
Food manufacturing industry
Beverage Industry
Fast food industry
Retail industry

Conclusion:

There are institutes that provide a Professional certification in supply chain management. You must carefully pick the right one for a successful supply chain management career.

If you want to take up a Supply chain Management course, do not forget to check out what areas are covered by that course and whether it is accepted by companies all around the world.

HOW A SUPPLY CHAIN MANAGEMENT TRAINING IS PROVING HELPFUL DURING PANDEMIC

Posted on September 18, 2021March 22, 2024 by Imarticus Learning

As the world got rocked by an unprecedented pandemic, the supply chain management course proved to be one of the best decisions for some students. With this type of training, businesses are more prepared to ramp up their production and need a healthy workforce to handle it.

In this blog post, students will learn the importance of a supply chain management career. So, let us start with the fundamentals of supply chain management.

What is supply chain management?

Supply chain management is a network of entities involved in the process that begins with raw materials and leads to production, warehousing, distribution, and marketing. The goal is for distributors to get products into the hands of consumers efficiently by reducing costs while also maintaining product quality at all times. It is where supply chain management training comes in!

Supply Chain Management Training: Why it’s important?

SCM is a thorough understanding of demand and inventory management. How stock prices fluctuate based on market movements are just reasons companies should invest in staff members who have undergone supply chain management training.

Typically, students interested in this type of career can complete a Supply chain management online course that focuses extensively on business and marketing principles. Students will learn how processes can be improved by effectively providing resources at each stage of the distribution process, including manufacturing, warehousing, transportation, marketing, and distribution.

How A SCM Training Is Helpful During Pandemic

The importance of supply chain management gets neglected, but it is an integral part of any organization’s success. Good supply chains focus on internal processes and external factors such as suppliers, product development, finance & accounting, etc. They drive customer satisfaction by lowering risk exposure from poor quality or discrepancies with stock levels that might result from errors during production or logistics operations.

The time when products arrive at their end destination should be minimum and consistent with the manufacturing time. The quality of products needs to match customer expectations. The supply chain must reduce risk exposure caused by external factors such as poor weather conditions. It might affect transport costs or delays due to political events or strikes.

In many cases, this is important when companies lack capacity or because it makes sense from an operational cost-savings perspective. Since purchasing power may still help drive down costs and improve the bottom line. It is also an essential aspect of supply chain management.

Why Enroll in SCM Program at Imarticus Learning

The Professional Certification in Supply Chain Management online course and Analytics is created in partnership with DoMS and E-learning Centre, IIT Roorkee, and industry professionals.

Imarticus Learning aims to equip candidates interested in entering the operations and supply chain business with cutting-edge experience.

Supply Chain Analytics allows management to make data-driven choices at the strategic, operational, and tactical levels.

There is a scarcity of experts with process and analytical skills in the Supply Chain Management area. This credential prepares students for jobs such as Demand Planner, Data Scientist, Supply Planner, and Supply and Operations Planner, which are in high demand.

Some course USPs:

The Supply chain management course lets the students learn job-relevant skills that prepare them for an exciting Supply chain management career.
Impress employers & showcase skills with a certification endorsed by India’s most prestigious academic collaborations – IIT Roorkee and Imarticus Learning.
World-Class Academic Professors to learn from through live online sessions and discussions. This will help students understand the practical implementation with real industry projects and assignments.

Contact us through the Live chat support system or schedule a visit to training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Hyderabad, Delhi, and Gurgaon.

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

Posted on September 10, 2021March 22, 2024 by Imarticus Learning

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

Supply chain management: Definition

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

Supply Chain Trends: An Overview

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

Some Trends in SCM:

Artificial intelligence and machine learning

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

Internet of Things

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

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

Blockchain

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

Advanced analytics

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

Custom applications

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

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

Make a Career in SCM with Imarticus Learning!

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

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

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

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

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