There is no competition like company Vs Company in today’s business industry, but the main competition is supply chain Vs supply chain. In today’s business industry, competition is very high as all the companies struggle hard to grow their business. Still, only those companies that offer the best quality of the product suits the need of the target consumer and at a reasonable price. In order to satisfy the need of customers through a quality product at an affordable price, the manufacturing companies have to shift their emphasis from mere cost-cutting to cost ascertainment. Thus, cost reduction is the main mantra to make any company successful.
Now the next question that comes to our mind is how to manage the cost-cutting process. Many cost-cutting techniques help a manufacturing company control cost-cutting; some of the most used techniques are Supply Chain Management (SCM), Business Process Re-engineering (Value Re-engineering), Total Productive Maintenance, etc. However, out of all the cost-reducing techniques, Supply Chain Management is the most effective technique.
What is Supply Chain Management?
As per Supply Chain Yearbook 2000, “SCM is a chain of processes that facilitates business activities between trading partners, from purchasing raw goods and materials for manufacturing to delivery of a finished product to an end-user”. In other words, we can define SCM as a business tool that links manufacturers, retailers, suppliers, and customers in the chain form to deliver products as a single virtual organization with the help of pooled skills and other resources.
Supply Chain Management Courses
A report published in Fortune Magazine says the logistic and chain management industry has a total of 1.3 trillion net worth. However, the industry is witnessing an absence when it comes to workforce requirements. The supply chain management industry needs a capacity of 1.4 million supply chain management professionals. Meanwhile, the industry is ready to offer a wide range of jobs to SCM professionals. Therefore, various students who want to pursue a career in SCM prefer to pursue a professional degree or diploma in this field. In India, the SCM field is popular among students, and Supply Chain Management Courses are gaining popularity. Many institutes in India offer Supply Chain Management Courses at different levels. Some of the most popular SCM courses offered in India are as under:
- Sc. Logistics and Supply Chain Management
- Degree in Business Logistics
- Degree in Advanced Logistics Management
- Logistics Network Design and Supply Chain Management
- Diploma in Logistics Management
- Degree in Transportation Economics
- MBA in logistics
- PhD in Materials & Logistics Management
- MBA Logistics Supply Chain Management
In Supply Chain Management courses, the students learn the theoretical and practical knowledge of developing different supply chain management strategies, aggregating planning, methods of forecasting demand, and network designing. Many famous institutes offer supply chain management MBA course that opens the gateway to many jobs across E-commerce, manufacturing, FMCG, retail and many more. After completing any of the courses mentioned above, one can start a career as Supply Chain Manager, Quality Manager, Consultant, Operations Analyst, Transport Officer, Resource Manager, Operations Head, Supply Chain Assistant, Assistant Operations Manager, Inventory Manager, Warehouse Supervisor etc.
