Supply Chain Management is defined as a process that controls the flow of the process from one end to another end. It is shown in such a way that the resources distributed among different levels are produced in an effective way and reach the end-user in a proper way. In another word, it is a global network used to deliver products and services from raw material to end customers. The importance of supply chain management includes momentum that streamlines uncertain risks, integrated & cooperative logistics are considered as the foundation of supply chain management, and interconnected supply chain deals with outsourcing, corporations, and global brand expansions.
It helps in maximizing the profit along with keeping customersatisfaction in mind; the organization has to build a process that should be effective and efficient to operate on a large scale. If the supply chain process is not planned properly, then it might be possible that theorganization would be supplying the goods on time, but the customer is not getting the goods on time. The terminology of supply chain management focuses on maximizing, which helps in boosting customer service, reduce operating costs, improve financial position, societal roles of SCM, and improve quality of life. The types of supply chain management are
Production is a type of supply chain management that can be madevery responsible for building factories. It has a lot of excess capacityand uses flexible manufacturing techniques to produce a wide rangeof items.
Procurement refers to the procurement f acquiring services and goods in supply chain management where it includes financial purchases, inventory control, inventory management, and cost-utilityanalysis.
- Product development
Product development refers to the supply chain management which requires product designing as per requirements of customer whichincludes new innovation, produces market rate and growth rate.
- Logistics management
It is also categorized under supply chain management that controls,implement plans, forward storage of services and goods. It works asthe lead of customer requirements between origin and point ofconsumption.
- Warehouse Management,
It is the place in supply chain management where the product getsstored. Warehouses management is built in such a way to store theproducts that they remain preserved in the store for a long time.
The Supply Chain Management course is available on various levels, such as postgraduate diploma, postgraduate degree, certificate courses, and diploma level courses. The eligibility criterion for entering is that you must qualified or passed 12th examination and equivalent graduation level exam with at least 50% marks in aggregate from any recognized university or school. Many candidates opt for one of the topmost institutes of India that is MIT-SDE, which offers PGDM in Supply Chain Management and PGDBA in Logistics & Supply Chain Management. Imparting courses that are equivalent to Distance MBA, MIT-SDE provides next-generation learning, facilitates the choice of specialization, placements, and assists the students in supportmechanism. The institute’s program helps you in learning of managingbusiness procedures, workflow cycles, and various project managementdecisions.
The employment opportunities in supply chain management are very high and moderate. After qualifying equivalent courses, there are a lot more opportunities for candidates in the specialization of management. The several job positions under these courses are Warehouse manager, Supply chain manager, Materials Analyst, strategic Planner, and Purchase manager.