Supply Chain Management is a part of a business or an initiative of an organization that ensures goods, services or product gets to customers in the easiest way possible. Supply Chain Management also known as SCM importantly notes how their customers’ need commensurate with what they have or can offer.
The world has gone from just having physical stores or businesses to online merchandise. Planning how to effectively reach your wide range of customers has a lot to do with Supply Chain Management. Let’s talk about the importance.
Importance of Supply Chain Management
Retailers and manufacturers rely directly on Supply Chain Management to have a reduced operating cost. Retailers bank on a company’s SCM to sell their products and services. The business world has become highly competitive and retailers can’t afford to lose a customer. Right SCM boosts sales.
The same is applicable for manufacturers too. Dell computers were known to take orders from customers or retailers worldwide, build their specifications and send directly to them. This, an initiative of Supply Chain Management saved more million dollars. Dell didn’t have computers lying without use and retailers had no computers lying in warehouses without being sold.
With a SCM, both sides of market do more.
A business or organization’s sole purpose is to meet customers’ needs. Supply Chain Management manages customer service to ensure demands are met. When a call is placed to your organization about a product, customer service reaches out to SCM to ask or investigate what customers want. Customer service 24/7 accessibility is partly dependent on Supply Chain Management. SCM ensures right delivery, on time delivery and right delivery
Supply Chain Management on the request of customers and high competitive market increase the quality of products. They believe services and products must be durable and reliable.
SCM Certification Courses (APICS, CSCP)
The demand on a Supply Chain Manager is getting rather intense, hence the need for notable management certifications. Interviewers have said that interviewees with certifications tend to do better than their counterpart without certifications. Certification from notable courses like CSCP and APICS also tend to increase your earning power. Industries appreciate people who go extra length to get knowledge so they repay them in cash.
APICS, American Production and Inventory Control Society, is an American organization which recently merged with Supply Chain Council SCC and the American Society of Transportation and Logistics. It is one of the most recognized certifications having certified more than 125,000 professionals in the industry.
CSCP, Council of Supply Chain Management is also another top certification program that dwells on the supply chain field also covering supply chain end-to-end. The program is so important for those in Supply Chain management, who are analytical and problem solver. It gives a good hands-on experience to those interested.
Get certified and stay updated!
A Post Graduate Diploma in Supply Chain Management affords you the opportunity of better seeing what goes on in SCM. If you have a bachelor’s degree, a PG diploma might be the very best option. A diploma will build on what you already know and give you an even clearer picture, something more advanced. Courses taken will deal with what makes up a supply chain, why they are important and improved methods.
MBA in Supply Chain Management
Supply chain management MBA is a professional master’s degree program that puts the business administration curriculum with special courses in supply chain management. The duration of an MBA is between 1 to 3 years and its core purpose is to give a robust understanding of SCM and its requirements like statistics, marketing, finance, economics, and accounting. MBA can be offered online or in physical classes.
MBA ensures a more focus and deep learning curve is attained through related supply chain courses.