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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.

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. 

Why is IIT- Roorkee, Supply Chain Management Program the Best?

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

Supply chain management courses by IIT RoorkeeWith 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.
  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!

How to Create Efficient Supply Chain Management Systems

Posted on by Imarticus Learning

How to Create Efficient Supply Chain Management Systems

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

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

Top 5 Ways to Ensure an Efficient Supply Chain Management System

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

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

  1. Get Reliable Suppliers

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

  1. Invest in New-Age Technologies

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

  1. Ensure Constant Supply Chain Improvement

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

  1. Returns Management System

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

  1. Employee Development

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

How To Create Efficient Supply Chain Management Systems?

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

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

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

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

Posted on 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.

supply chain management coursesA 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?

  1. 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.
  2. 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.
  3. 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.
  4. 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!

supply chain management courses

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

Posted on 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:

  1. Improved ability to forecast and meet customer expectations
  2. Enhanced supply chain visibility, risk mitigation, and prediction accuracy
  3. Fewer process bottlenecks and less product waste
  4. Quality improvements
  5. Increased societal and environmental sustainability
  6. Fewer overhead
  7. Improved cash flow
  8. 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.

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

  1. McDonald’s serves roughly 70 million consumers every day. It accomplishes this by coordinating a vast network of suppliers, franchise owners, and service providers.
  2. 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.
  3. 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.
  1. Companies like Apple highly rely on supply chain management hence streamlining inventory management and limiting overstocking.
  2. Starbucks is another giant that depends on the supply chain and functions globally, reducing outsourcing costs and focusing on centralizations.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.

supply chain management courses in India

 

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.