In this era of globalization where companies compete to provide the best quality products to the customers and satisfy all their demands, supply chain management plays a very important role. All the companies are highly dependent on effective supply chain process.
Let’s take a look at the major advantages of supply chain. The key benefits of supply chain management are as follows:
Develops better customer relationship and service
Creates better delivery mechanisms for products and services in demand with minimum delay
Improves productivity and business function
Minimizes warehouse and transportation costs
Minimizes direct and indirect costs
Assists in achieving the shipping of the right products to the right place at the right time
Enhances inventory management, supporting the successful execution of just-in-time stock models
Assists companies in adapting to the challenges of globalization, economic upheaval, expanding consumer expectations, and related differences
Assists companies in minimizing waste, driving out costs, and achieving efficiencies and responsiveness throughout the supply chain process
These were some of the major advantages of supply chain management. After taking a quick glance at the advantages of supply chain management, let us take a look at the main goals of this management.
Every firm strives to match supply with demand in a timely fashion with the most efficient use of resources. Here are some of the important goals of supply chain management:
Supply chain partners work collaboratively at different levels to maximize resource productivity, construct standardized processes, remove duplicate efforts and minimize inventory levels
Minimization of supply chain expenses is very essential, especially when there are economic uncertainties in companies regarding their wish to conserve capital
Cost-efficient and cheap products are necessary, but supply chain managers need to concentrate on value creation for their customers
Exceeding the customers’ expectations on a regular basis is the best way to satisfy them
Increased expectations of clients for higher product variety, customized goods, off-season availability of inventory and rapid fulfillment at a cost comparable to in-store offerings should be matched
To meet consumer expectations, merchants need to leverage inventory as a shared resource and utilize the distributed order management technology to complete orders from the optimal node in the supply chain
Lastly, supply chain management aims at contributing to the financial success of an enterprise. In addition to all the points highlighted above, it aims at leading enterprises using the supply chain to improve differentiation, increase sales, and penetrate new markets. The objective is to drive competitive advantages and shareholder value.
Here in this course, you will find everything related to the basic understanding of Supply Chain Management as we start from the point of creating value and earning profits then we go through many great other topics that related to capabilities and achieving competitive advantage and how can we get the quality dimensions and understand 6 sigma then we will go through Supply Chain strategy dimensions and process dimensions and how can we design SC system and finally we will go through concepts such as postponement and bullwhip effect and we will have many case studies, quizzes, and assignment.
So, What are you waiting for??
start now and accelerate your learning curve and professional
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Who this course is for:
beginner Supply Chain professionals
Professionals who are looking to shift their career
Beginner professional who try to look at the business from the wide-angle
Entrepreneurs who are passionate about business and how to link suppliers to production to customers