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Why Supply Chain Courses are in-demand and how to choose the best course

Posted on by Imarticus Learning
Reading Time: 2 minutes

With the world becoming ever-more interconnected, supply chain courses are in high demand. Supply chains are not just for manufacturing companies anymore. More and more companies are starting to see how important it is to have a streamlined process from factory gate to customer delivery.

With this growth comes increased competition for quality training programs – but don’t worry! This blog post will teach you what you should look out for when researching your options so that you can choose the best course available to suit your needs.

What is supply chain Management?

Supply chain management is the process of planning, organizing, and controlling the flow of goods and services from suppliers to customers. It involves forecasting demand, sourcing materials, and production, arranging transportation and storage, and maintaining quality control. Many companies consider their supply chains to be their competitive advantage.

Why are Supply Chain courses in demand?

Supply chain courses are in demand because they can help students and professionals gain skills to be at the forefront of change. These are the following factors why SCM course is high in demand:

Increasing globalization.

As global markets continue to grow, there is a high need for people with expertise in supply chains to manage international activities smoothly and ensure that everyone will be satisfied with their products or services.

Technological advancements.

The advancement of technology has made supply chains more complex than ever before. With so many different aspects of managing, it is essential to have well-versed in supply chain management principles and strategies.

How To Choose The Best Course for your need?

Many supply chain courses are available in the market, but not all of them are perfect for your need. Here are a few factors to consider before enrolling in an SCM course.

  • Certified Material: All supply chain courses are imperfect because many use non-certified material. You must ensure that your chosen system has a certified instructor and use only certifiable resources in their syllabus.
  • Education Level: The next factor is your education level. For instance, if your current professional designation doesn’t require supply chain courses, then it will be difficult for you to learn advanced concepts of any supply chain course.
  • Training Duration: The duration of the training is another vital factor that you need to consider before signing up for a supply chain certificate program. 
  • Job Outlook: Many supply chain courses are available in the market, but not all of them will provide you with job opportunities. So before choosing a system, make sure that it gives enough knowledge to work with various organizations and provides ample career opportunities after completing the program.

Explore More and Make a Career with Imarticus Learning

IIT Supply Chain management course allows professionals to make data-driven strategic, operational, and tactical choices. There is a scarcity of experts with process and analytical skills in the Supply Chain Management area. This supply chain analytics certification prepares students for jobs such as Demand Planner, Data Scientist, Supply Planner, and Supply and Operations Planner, which are in great demand.

 Some course USP:

  • The E-Learning Centre IIT Roorkee provides the best supply chain analytics certification.
  • Impress employers & showcase skills with a career as a supply chain professional recognized by India’s prestigious academic collaborations.
  • This course provides students experience in hands-on learning with real-world SCM projects.

Contact us via the chat support system, or drive to one of our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, Gurgaon, or Ahmedabad.

Develop the skills to become a supply chain analyst

Posted on by Imarticus Learning
Reading Time: 2 minutes

Supply chain analysts are a key part of any business hoping to reach excellence in their operations. They develop efficient logistical methods by analyzing and supervising all the processes related to the supply chain management of a company.

Be it demand, cost, transportation, or even productivity, they have their thumbs into everything. This is why supply chain analysts are very high in demand. And, it needs specific requirements or eligibility to become supply chain analysts. In fact, if studies are to be believed the positions are only going to grow in numbers in the coming year. 

Considering this, it is the perfect time to do a course in supply chain management if you are looking for potential career scopes. There are lots of institutes in India that offer comprehensive courses in this domain. And, Imarticus Learnings has a cover-all, supply chain management course that will help you to learn all the desired skills you need to ace your career. You will also get excellent exposure which will put you in a league of your own.

Now, let us take a look at what this job entails and the skills that are required for a career as a supply chain analyst. 

Supply Chain Analyst: Job Description, Estimated Salary, and Prospects

The job market is supposed to grow about 5%, opening about 8,400 job opportunities across the United States. On a global scale, this number increases a lot more. As a starting salary, people can expect about $45,800. With years of experience, it can grow up to about $116,600 and the average annual salary stands at about $74,400.

As we stated before, this profile of supply chain analysts is high in demand and demanding as well. There are lots of things you need to do to fit into the job description. However, there are three major things that you need to be able to do. And, these are as follows:

 

  • Data analysis: Your job is to look for where the inefficiencies in the chain system lie and address them proficiently. The underperforming areas can be anything including productivity issues, changes in demands, delivery issues, weather problems, and so on. You need to be capable enough to find quick solutions for these problems. A lot of experts use professional tools like relational database management systems to analyze data in a faster and smoother way.

 

 

  • Improvement suggestions: This is one of the most important aspects of the job. After recognizing and addressing the concerns, you also need to put in suggestions that will help improve the plans and the system as a whole. During monthly sales and operations meetings, you will need to offer suggestions to the executives for a smoother experience all around.

 

 

  • Collaborate with different units: You will need to interact with employees across different units to come up with a plan that works for everyone. Based on the plan, the interactions then pan out to the vendors and even customers to negotiate proper deals and address their concerns. 

 

Skills you Need to Ace

Here is a list of skills that enhances your eligibility to become a supply chain analyst. 

  • Mathematical analytics
  • Analyzing big data samples quickly
  • Inventory management
  • Making educated predictions and plans
  • IT skills
  • Interpersonal connection skills

This is a tremendous career option for people who are looking for stable careers. Check out Imarticus Learnings’  supply chain management course by IIT Roorkee to gear up for your career as a supply chain analyst.

Supply chain management and analytics digitization: Cloud computing and predictive analysis

Posted on by Imarticus Learning
Reading Time: 2 minutes

We are currently living in the era of digitization. From our daily life needs to education to retail to corporate, everything is taking to it pretty fast. Supply chain management too is a sector that has recently started integrating its essential business aspects with technology. The main reason for that is how easy it makes the process of collecting big data and silo breakdown in the supply chain. 

This is why it might be the best time to pursue a course on supply chain management if you are thinking of career prospects for a better future. As always, Imarticus Learnings has come through with its Supply Chain Management online course. It will not only provide you with amazing exposure but also put you, leagues, beyond your peers. 

Here, in this article, we are going to elaborate further on what is digitalization in supply chain management? What is predictive supply chain analytics? and how it can reinvent the whole process for a better outcome. Please go through the whole article to learn more.

How cloud computing and predictive analytics can change the supply change management process?

Service and product life cycles are getting shorter and shorter. This is what basically is pushing businesses towards cloud computing and predictive analytical solutions across industries. Cloud computing provides immediate insights and better responsiveness and predictive analytics helps to predict future issues and any changes that can come into the supply or demand cycle. This essentially answers, what is digitalization in supply chain management and what is predictive supply chain analytics. Now, we take a look at the benefits that come with it.

The benefits of cloud computing

There are obviously some major benefits to this process which as of now are not found anywhere else. The benefits are, as follows:

  • Cloud computing provides immediate insights into all the issues that can affect the chain directly. This, in turn, helps the managers to address the issues quickly and effectively. It also improves collaboration across all the sectors that come into play in the process. 
  • Once all the aspects are tied in the loop, predictive analytics will help the decision-makers with quick insights. With the help of ML and advanced statistical algorithms, it can help process big data to predict a likely outcome for the future. This includes all kinds of variables that have been gathered from different sources. 
  • Cloud computing also enables you to seamlessly add in different parties as needed at a moment’s notice. You can also adjust the provisions in this system immediately to fit the constant changes in demands or market trends. 
  • Digitalization will help to plan and execute things faster. This is supported by in-memory computing and big data analytics. This way you can improve your responsiveness to things that need immediate attention.

Best suited supply chain processes for cloud computing

There are some supply chain processes that are best suited for the cloud format, such as:

  • Sourcing and procurement: SaaS tools are best suited to create a collaborative format. 
  • Logistics: from inventory management, replenishment planning to world trade compliance, every process here can easily be turned cloud-based.
  • Manufacturing: this again can be cloudified very easily.
  • Planning and Forecasting: predictive analytics is evolving to offer better planning and forecasting options.

Conclusion

Supply chain management is evolving constantly. This is why it has opened a new horizon of job prospects. Check out Imarticus Learnings’ Supply Chain Management online course to gear up for it and give your career the spark it needs.

5 tips for supply chain management and analytics in the age of AI

Posted on by Imarticus Learning
Reading Time: 3 minutes

Undergoing supply chain management training is a prominent goal of several in the management industry. To become a supply chain analyst, one must complete a certification course. There are various certifications for supply chain professionals, available online. While pursuing this career one must understand how the SCM works in this new age of AI. 

Nowadays, AI is an integral part of the competitive market. Businesses are constantly increasing their profit margin using AI. The supply chain market is volatile with the change in several factors and using AI businesses can keep up with the changes and make necessary changes in their system as needed. 

There are several ways in which AI helps in supply chain management (SCM). One of the most prominent methods it adopts is to analyze the available data, both internal and external. Here are some tips for supply chain management in this AI era.  

 

  • Plan for the IoT Data

 

The various data applications in the supply chain make up one-third of the total IoT data. So it needs proper planning to collect, integrate and utilize it. Since the volume of data is ever-increasing, it needs proper tools to manage it effectively and AI comes in as the best option. It can handle data collection of any volume and streamline it properly. 

While doing so, make sure to bring in variety with the data so that it can help with unprecedented methods and ways that detect any anomalies or disruptions in the SCM system. 

 

  • Make use of external data

 

In supply chain management, the volume of internal data itself can be vast. When using AI, one must also think outside the box and bring in outside data such as the local weather, customer reviews from external sources, vendor details, details about the competitor, etc to have a comprehensive database. 

 

  • Increase reactivity faster with AI

 

AI helps achieve a competitive edge in terms of responsiveness to any issues. It can detect problems and create alerts to take necessary preventive steps or find alternatives. 

 

  • Prioritize root cause analysis

 

AI is an effective tool in detecting issues and finding the root cause of the said problem. It can save time by early detection and gives an unbiased analysis of the root cause. 

 

  • Automation in the management system

 

AI can automate the various steps involved in SCM. It can automate administrative jobs, shipment updates, warehouse management, route planning, quality control, and shipping processes. The collective efforts can improve overall customer satisfaction or supplier selection. 

What do you need to study to become a supply chain analyst?

Supply Chain Management is a popular career option and many are eager to become supply chain analysts. But, what do you need to study to become a supply chain analyst? It requires you to get some kind of supply chain management training. 

Supply Chain Management Certification Course

Though a bachelor’s degree seems to be the basic qualification mark, having a master’s degree is an added advantage. To become an analyst one must take certification courses in the form of Professional Certification In Supply Chain Management & Analytics that provide expert guidance and job placement assistance. 

Conclusion

The popular AI-assisted processes in supply chain management are GPS tracking of the shipment for both the company and customer, regular weather updates to help the shipping industry plan their shipments, keeping inventory to help with warehouse management, etc. Depending on AI has helped businesses to reduce their cost, customize their products, and reach more customers with better customer satisfaction. 

How to start a supply chain management and analytics career after college

Posted on by Imarticus Learning
Reading Time: 2 minutes

An efficient supply chain management system is an asset to any business. It can completely transform a business by eliminating latencies and speeding up the delivery process. It also saves time and money for the customers. 

The key areas of Supply Chain Management are operations, and finances, which requires thorough knowledge. A Supply Chain Management (SCM) Analyst can go through the data to create predictions regarding customer demand in the future, thus creating a career in this field. If you are thinking along the lines of, how do I become an SCM analyst, we have the process explained to you. 

What is Supply Chain Management?

Supply Chain Management is the internal system of business companies that manage the flow of goods. The processes start from the raw material until it reaches the consumers as the final product. The SCM covers the major phases of planning and execution, such as production, development of the product or services, their marketing, the various operations involved in it, distribution of the materials and products, managing the finance of all the processes involved, and customer service. 

The Supply Chain Management system, which is now digital almost everywhere, generates a huge amount of data. The career as a Supply Chain Analyst is in-demand, as SCM requires analysis of performance or the system, identifying problems and finding solutions, and then developing a successful formula or ideas to improve the business.  

How do I become an SCM analyst?

To start a career in supply chain management and analyst career right out of college, one must enroll for a quality certificate course in Supply Chain Management that provides the basic qualification. Some of the careers in SCM analysis include Supply Planning Analyst, Supply and Operations Planner, Logistics Manager, Quality Assurance Manager, etc. 

The Professional Certification In Supply Chain Management & Analytics is a wonderful option as the course is approved by IIT Roorkee with a hands-on process for learning. It enables you to start a career as a Supply Chain Analyst with an attractive salary. It also provides quality mentoring during the course and beyond. 

Apart from qualifying, one must also develop analytical skills, mathematical skills, interpersonal skills, etc to excel in this career. Having 1-2 years of experience with a Master’s Degree can be highly boosting. It is a challenging career but at the same time highly rewarding to stay at the center of a business. Those who love this career often find it exciting. 

Since SCM requires some experience to have a stronger career, enrolling in courses that can provide placement assistance is key. 

Conclusion

If you are a strategic thinker, the dynamic industry of SCM is most suitable for you. It also comes with an attractive salary range which goes higher as you move higher in this career. A career in SCM can be more than the storage and shipping of goods. It is more about data management that helps find quick solutions to the problems. 

SCM requires a broader knowledge in all the fields related to this system. While it mainly concerns goods management, it also involves people management so having key personal skills are important. 

As attractive as the career looks, it can be pressurizing. So it is important to have an experienced mentor to polish those skills and learn how to face the challenges. A good certificate course in Supply Chain Management will have such facilities. Most importantly, a career in SCM will provide multiple options from a beginner to advanced levels in the supply chain system. 

5 Reasons Why Supply Chain Snags Affect Global Economic Growth

Posted on by Imarticus Learning
Reading Time: 3 minutes

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. 

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

Posted on by Imarticus Learning
Reading Time: 3 minutes

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.  

best supply chain management and analytics coursesHere 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 by Imarticus Learning
Reading Time: 3 minutes

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 by Imarticus Learning
Reading Time: 2 minutes

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.

Transforming healthcare with operations research in Supply Chain management

Posted on by Imarticus Learning
Reading Time: 2 minutes

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.