Supply Chain Management course - Finance, Tech & Analytics Career Resources

Here’s why you must technologize supply chain using advanced analytics and AI

Posted on December 13, 2021March 26, 2024 by Imarticus Learning

The supply channels of the industry are experiencing a crucial moment for their existence and those responsible for this vital area for any business face the greatest challenge of their careers; manage an innumerable list of suppliers, information and communication flows, technologies, procedures, and levels of demand, as never before in the history of the global industry.

These supply networks have grown in complexity appreciably and have suffered the consequences of the global economic crisis with particular virulence. To help you understand the importance of technologizing the supply chain using advanced analytics and AI, we offer an SCM program where you can obtain a certification in supply chain management.

Here are 7 reasons why you must consider technologizing the supply chain using advanced analytics and AI:

Agility is key to success, more than ever. Designing supply chain network systems must work like a clock, and take advantage of new technologies, such as IoT, Blockchain, or Artificial Intelligence, to reach new levels of efficiency.
Advanced analytics is another alternative high impact in this world, taking into account the permanent state of evolution and change network provision of any business. Evaluating the best options, those that provide the greatest value and margin, and taking advantage of all the data at our disposal has an immediate positive consequence on the results. Thankfully, our professional certification in supply chain management explains how advanced analytics is beneficial for the supply chain management.
The information must be analyzed comprehensively and quickly, with the powerful support of the cloud. The large corporations are moving quickly so that their supply chains are aligned more with your customer strategy, and are connected more directly, accurately, and flexibly. But, above all, an “always ON” supply chain is sought that responds to commercial needs at all times.
The interconnection of all its links is crucial for the machinery to function and respond to the demanding market conditions. Analyzing that information has profound implications for B2B processes. For this reason, one of the fundamental attributes of this supplier ecosystem is its “resilience”, understood as the ability to anticipate and react immediately to any potential anomaly that could endanger it.
Staying safe from the unexpected requires intelligent use of multiple data sources, new, traditional, structured or not, of diverse typology, even in natural language, and easy to find or obscure to the provider. And all of them must be leveraged by certification in supply chain management.
You need expert staff and precisely the links in the supply chain have long suffered thinning plans that have reduced their workforce like never before. And when older veterans leave the organization, they will carry with them a lot of knowledge and experiences that have been treasured for decades, with the consequent brake on exhaustive analyzes that require intelligence to interpret the information.
Designing a supply chain network with full intelligence is capable of managing in real-time large amounts of structured and unstructured data from internal and external sources, including data sets that may previously have been difficult to reach. Precisely anticipating future demand and managing assets, inventory, and shipments in real-time improve the bottom line for any operator, requiring an optimized, near-automatic supply model.

The new forms of commerce that have fostered the Internet, the cloud or connected objects will only gain shape if they have the most efficient logistics processes, a modern supply chain that meets their high demands with a permanent journey to excellence. Professional certification in supply chain management offered by Imarticus can lead to a truly digital supply chain.

How supply chain snags affect global economic growth

Posted on December 2, 2021December 6, 2021 by Imarticus Learning

The global economy depends on supply chains that have networks running across continents. This is why any issue with the supply chain can directly affect economic growth. If you learn SCM, you will notice that most of the time, supply chain snags occur due to issues with the management. Now, you can ensure that they have a positive impact on economic growth. To do this, you will have to opt for a supply chain management course.

How Can Supply Chain Snags Affect the Global Economy?

Since supply chains are vital for most businesses, any management issue can harm economic growth. Those who opt for a supply chain management career need to be aware of the snags that can affect the global economy.

Fluctuations in Customer Demand

Supply chains often depend on the demands of the customers. But due to various external factors, these demands can fall. When this happens, excess products go to waste. However, at times, customer demands can increase rapidly. If supply chains are not optimized enough to handle such a spike, there will be utter chaos. This can lead to limited products, improper pricing, and issues with the delivery of goods. If global supply chains are unable to meet demands, the economy is bound to suffer.

Shortage of Workforce

While you can optimize several aspects of the supply chain, a human workforce is necessary. A shortage of workforce means less production or a slow-moving supply chain. If the supply chain gets held up due to inevitable glitches, many might quit due to extended periods of no work. When the supply chain starts working again, there will be an inadequate workforce to handle the pressure. This snag can adversely affect economic growth, particularly when production slows down or the delivery of goods stops.

Increase of Freight Rates

Since supply chains are closely related to the global economy, snags may increase freight charges. If shipping routes, particularly for global supply chains, are disrupted, the freight rates will increase rapidly. When businesses cannot pay the costs, that particular link in the supply chain will stop functioning.

A Slowdown of Industrial Activity

A snag in a supply chain can slow down activity in an entire industry. If one part of the supply chain does not move forward, the rest cannot follow. The economy will suffer as vast quantities of raw material go to waste, and the labour force reduces due to certain issues with managing a specific supply chain.

Bottlenecks in Manufacturing and Production

Supply chain bottlenecks can occur anytime, primarily if the supply chain is not being appropriately managed. If there is a supply bottleneck, then manufacturing will be affected. While this affects the availability of products, it can also affect the earnings of those involved in the production stages.

To understand how an aspect of the global economy is dependent on supply chains, you need to gain extensive knowledge. Learning supply chain planning can help you build the required skills.

Supply Chain Management for Sustained Economic Growth

Supply chains, when appropriately managed, can contribute to economic growth and even maintain it. To learn about sustainable supply chains, you can opt for a supply chain management course. Imarticus Learning offers Professional Certification in Supply Chain Management and Analytics. This program is in collaboration with IIT Roorkee, DoMs, and E-Learning Centre.

The institute also has various industry experts collaborating to create a well-rounded curriculum. Imarticus Learning ensures that students can understand supply chain management from a strategic and operational viewpoint. This will help you establish a rewarding supply chain management career.

The course offered by Imarticus Learning includes supply chain planning and prepares you for the industry through six projects. These are all based on real situations, and you can develop the experience necessary to become a successful supply chain manager. You can also opt for a job in data science, demand planning, or supply and operations planning.

Establish your career as a digital procurement and contracts advisor in the supply chain management and analytics industry

Posted on November 26, 2021December 7, 2021 by Imarticus Learning

Do you know why you should future-proof your career with a professional certification in supply chain management & analytics (SCM)? Nowadays, companies highlight the need to digitize their business processes in order to have more competitive, resilient, and flexible supply chains.

For this reason, those companies that have not yet started down this path have rethought their short and medium-term strategy by committing to the digitization of their supply chains. It is therefore the perfect time to take a logistics and supply chain management course.

What do we mean by digitizing the supply chain?

When we talk about digitizing the supply chain, we are referring to the introduction of advanced technology for management from the generation of demand or the purchase of raw materials to delivery to the end customer, including sales, production, logistics, and transport, and focusing on critical and key points such as inventory management, supplier relations, delivery control, and smart order management.

Why digitize the supply chain?

This technology makes it possible to reduce and/or eliminate tasks that lack added value in daily management and helps companies to deliver their products and services faster, more efficiently, at a lower cost, with higher quality and a better level of service.

Correct implementation and management of the new systems will add value to the business through smooth planning and execution of operations, getting the maximum profitability of each activity. This is achieved because today’s planning systems provide end-to-end visibility of the supply chain, allowing managers to monitor and track the status of all tasks occurring in real-time (at suppliers, plants, warehouses, distribution centers, etc.).

This continuous traceability will enable the identification of inefficiencies and potential problems, improve decision making and contribute to overall business growth.

Other notable benefits arising from the digitization of the supply chain are as follows:

Reduced delivery times: thanks to greater visibility and traceability in orders and greater availability of information, the status, and location of each order will be monitored at all times, allowing for real-time incident resolution, or more agile and intelligent decision making.
Improved collaboration: supply chain managers, their suppliers, and customers will be aware of what is happening at all times and will be able to share crucial information dynamically and in real-time, which increases efficiency and fluidity in the management of the entire chain.
Cost reduction: digitization will help reduce overall costs by optimizing inventory management, creating more accurate forecasts, improving demand planning, etc.

Thanks to digitization, this supply chain management course will make you able to make decisions that mitigate risks, give companies a competitive advantage in the marketplace, and optimize virtually all operations at a minimal cost.

In the face of competition, investing in supply chain digitization has become a necessity, as it has been proven that those who have already implemented specific supply chain technology solutions, as well as those who have developed solutions based on their ERP (enterprise resource planning), are now able to significantly improve their efficiency, performance, and productivity, as well as quickly monetize their investment.

It is clear that to keep up with the advancement of business, it is necessary to get at least one logistics and supply chain management course. To stay ahead of the competition, this supply chain certification prepares you for today’s challenges with a practical and up-to-date understanding of the industry.

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

Posted on November 19, 2021November 22, 2021 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 November 18, 2021October 12, 2022 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.

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

Posted on November 6, 2021 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!

How Can A Supply Chain Management Course Help Professionals?

Posted on November 1, 2021March 26, 2024 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:

Efficient 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 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.

How Managing Supply Chain Effectively Can Help You Reduce Overhead Costs

Posted on October 18, 2021 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.