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In today’s business world, all kinds of companies are struggling to stay in the market and grow their business, but the harsh truth is that not all the companies can do it. To succeed in a competitive environment, every modern company needs to offers quality product at a reasonable price to the target consumer/ customer. To provide a quality product at a reasonable price, all the companies have to shift their emphasis from mere cost-cutting to cost ascertainment and impart the feeling of satisfaction in the mind of consumer/ customer. In other words, we can say cost-cutting is the primary key to become successful in today’s business industry. There are a few tools and techniques that help companies in the cost-cutting process and grow their business. The most used cost-cutting methods are Supply Chain Management (SCM), Total Productive Maintenance, Business Process Re-engineering (Value Re-engineering), etc.
Supply Chain Management is the most effective technique that helps companies in reducing costs. Supply Chain Yearbook 2000 defined Supply Chain Management as 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 say SCM is all about the right product at the right place at the right measure at the right time at the correct quantity and most importantly, at the right price. Due to the changing global business industry scenario, transportation, manufacturing, distribution, procurement, and activities have been increasing tremendously. Therefore, SCM helps companies to stay in the market and develop their business.
Supply Chain Management Courses
With a total of 1.3 trillion net worth, the Supply Chain Management industry has become one of the largest business industries, resulting in a shortage of human resource requirements. As per a report published in Fortune Magazine, this industry needs around 1.4 million professionals who are skilled in supply chain management. Therefore, many institutes have started offering SCM courses at different levels in the country as this industry has a huge requirement of SCM professionals. Candidates desired to make a career in this field need to pursue a diploma or certificate or graduate or PG courses in SCM. Some of the most popular SCM courses offered in India are as under:
● Diploma in Supply Chain Management
● Degree in Transportation Economics
● Diploma in logistics management
● Logistics Network Design and Supply Chain Management
● Degree in Advanced Logistics Management
● Degree in Business Logistics
● M.Sc. Logistics and Supply Chain Management
● MBA in logistics
● MBA in Logistics & Supply Chain Management
● PhD in Materials & Logistics Management
The courses mentioned above are offered in both regular and distance mode. The most popular SCM course in India is MBA in Logistics & Supply Chain Management, which many private and public institutes offer in India. Those who are already working in Logistics & Supply Chain Management sector as a beginner and want to scale up their SCM skills while working can pursue distance MBA in supply chain.
Supply Chain Management Career Option
Supply Chain Management courses open the gateway to various job opportunities in this field. A degree or diploma in SCM gives chances to work in the clearing, couriers, forwarding companies, freight forwarding organisations, third-party logistics industry etc. On completion of SCM courses, the candidates are offered job profiles including Customer Service Manager, Consultant, Transportation Manager, Warehouse Operations Manager, Shipping Coordinator, Fulfillment Supervisor, Supply Chain Analyst, Export Executive, Expeditor, Purchasing Manager, International Logistics Manager, Supply Chain Software Manager, Supply Chain Managers and more.
MBA Business Analytics is generally a two-year program.
00MBA in aviation programs opens the door to an extensive range of career opportunities
00You can start by pursuing a diploma in safety management after class 12.
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Updated on August 25, 2021
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