As per definition Supply chain management is the management of a network of all business processes and activities involving procurement of raw materials, manufacturing and distribution management of Finished Goods. It is also called the art of management of providing the Right Product, At the Right Time, Right Place and at the Right Cost to the Customer. Supply Chain Management is the backbone of operations in organizations. This program wills kick-start your journey to becoming a good Supply Chain Manager.
Supply chain management is a cross-functional approach that includes managing the movement of raw materials into an organization, internal processing of materials into finished goods, and the movement of finished goods out of the organization and toward the end consumer. As organizations strive to focus on core competencies and become more flexible, they reduce their ownership of raw materials sources and distribution channels. This leads to outsourcing of these functions to organizations that can handle them more cost effectively. The purpose of supply chain management is to improve trust and collaboration among supply chain partners hence improving inventory visibility and the velocity of inventory movement.
Supply chain management (SCM) is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. Supply chain management involves coordinating and integrating these flows both within and among companies. It is said that the ultimate goal of any effective supply chain management system is to reduce inventory with the assumption that products are available
Course outline :
- Logistics & SCM models
- Demand forecasting
- Customer Service
- Inventory management
- Supply planning, MRP, DRP, JIT concept
- Transportation
- Warehousing
- Procurement & purchasing
- Integrated Logistics Management
- Technology in SCM
