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A supply chain is a network of several businesses and individuals who create a product from raw materials to finished goods. The logistics industry includes shipping, warehousing, courier services, air freight, road/rail transportation, and other related fields. Supply chain management is increasingly important to retail companies to control costs, product quality, and inventory levels.
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Supply chain management courses in India A supply chain is a network of several businesses and individuals who create a product from raw materials to finished goods. The logistics industry includes shipping, warehousing, courier services, air freight, road/rail transportation, and other related fields. Supply chain management is increasingly important to retail companies to control costs, product quality, and inventory levels. A global economy requires supply chain management to provide companies and individuals located abroad, which requires political participation, understanding of trade laws and tariffs, and establishing international relationships. Supply chain management and logistics are all about offering products and services at the right time, place, cost, quantity, and quality. In retail, customer responsiveness and cost-effectiveness are the top priorities. There are several opportunities to work in the retail supply chain since it is a part of every retail company. Going for the supply chain management courses will offer you great job security. Supply Chain Management: Definition It is necessary to know what supply chain is before taking supply chain management courses. Supply Chain: Supply chains are networks of suppliers and companies that produce and distribute a product to the final customer. The network can include people, organizations, information, and other
resources. As well as resembling the steps that take a product from its original state to the customers, the supply chain represents how the process is done. Supply Chain Management: In supply chain management, the flow of goods and services and all processing steps that convert raw materials into final products are managed. An active approach to streamlining a company's supply-side activities to increase customer value and gain competitive advantage is supply-side optimization. Scope of Supply Chain Management Courses in India A supply chain industry plays a central role in the economic health of a country. An efficient supply chain infrastructure minimizes manufacturing costs, eases business operations, improves customer experiences, and, most importantly, accelerates rural and urban consumption growth through greater market accessibility. The Indian industrial scenario is undergoing a revolution in supply chain management. Major driving factors for the growing scope of supply chain management in India include the proliferation of global players, the expansion of product variety, technological disruption, digitalization, and shortened product life cycles. Additionally, the supply chain domain provides young professionals with a wide range of career opportunities. Several supply chain management courses are available to meet the growing demand for skilled graduates. It doesn't matter if your first degree was in an unrelated field or if you just want to gain further knowledge in this field; qualifications such as these can give you the edge when applying for logistics or supply chain jobs. It is possible to progress in the logistics field wherever you start because it is inherently a practical activity. Once you have attained the required level of experience, you can achieve a senior management position such as director of strategic operations or director of the supply chain with a Masters's degree. Career After Supply Chain Management Courses There are plenty of supply chain jobs and logistics jobs available to graduates. Before specializing and advancing to more senior positions, you'll likely gain an overview of the discipline. In addition to third-party logistics companies and retail establishments (supermarkets and retailers), logistics consultancies are also employers. The following careers are also available to graduates: ● Supply chain design and planning ● Procurement and supply management ● Freight transportation ● Warehouse design and management
Distribution network design and planning Inventory management and control. There is an expectation of a growing demand for graduates with mathematics, statistics, and operational research skills to improve decision-making abilities and reduce costs. Roles in logistics and supply chain management can present challenging and fulfilling careers that involve both day-to-day managing operations and implementing long-term growth strategies. ● ● Is Supply Chain Management the right career choice for you? You may want to pursue a profession in supply chain management for the following reasons: ● Its job satisfaction level is high, and its prospects for growth are excellent: New roles need unusual skills and traditional roles undergoing a digital makeover. No doubt working in the supply chain sector will reward you with well-paying jobs that utilize your knowledge and skills to the fullest. ● The Entry Barriers Are Low: Supply chain & logistics offers ample professional opportunities for professionals to earn handsome salaries without having to get advanced degrees. Getting a Supply Chain profile with an undergraduate degree, professional certification, and vocational training is possible. ● Various industries are available for you to choose from: Supply chains are a vital component in almost every sector. SCM has become a critical component for many companies regardless of their size, allowing them to maximize business operations, expand market reach, increase revenue, and enhance the overall customer experience. ● Your skills are transferable across many fields: You learn and acquire many unique skills when entering the supply chain industry, which can be applied in different supply chain roles and even other industries. Some of these skills are planning & forecasting financials, optimizing workflows, managing general business operations, national & international business practices, and technical skills. Source : https://mytrendingstories.com/neha-naayar/supply-chain-management-courses-in-india-l xtayw