Everything we buy at a store, supermarket or an ecommerce website is sourced from multiple regions across the world. These products reach us locally or are delivered at our homes by moving across multiple touchpoints. How do these products reach the final destination? How do they plan their journey? – The brain behind it – Supply Chain Management.
Supply Chain Management (SCM) definition – envelops the art of designing a journey for the product to be manufactured and reach it’s customer at the right place, at the right time, at the right cost. It is a network of connected activities, organizations, information and resources that help move goods from the source to its final destination. In recent times, due to globalization these supply chains have become more complex in nature. However, these form a critical backbone of organizations today, leading to an increase in demand of supply chain management jobs.
Basic steps in a Supply Chain Management & Logistics:
- Sourcing the raw materials needed to build the product.
- Manufacturing the product components.
- Assembling the components into a quality tested product.
- Selling the finished product.
- Delivering the product to the customer.
While the above steps may seem simple, but what makes this challenging is that these actions need to be dealt in-tandem with the following:
- Contracts, documentation, filing throughout the product journey.
- Physical movement of products between different locations.
- Arranging storage facility until shipment.
- Tracking stock and inventory.
- Authenticating the quality of goods.
- Managing logistics and distribution of manufactured products.
All these activities are managed by a skilled team of Supply Chain Managers, however smooth functioning of the SCM also relies on the critical networks involved in the process to ensure timely, accurate, consistent and streamlined flow of products.
Professionals in the field of supply chain management need to work closely with others to ensure that all tasks are completed on time and within the decided budget. Most of them specialize in one or two of the following areas:
- Investment recovery
- Inventory control
- Manufacturing supervision
- Materials management
- Procurement and purchasing
- Product and service development
- Quality control
- Strategic sourcing
- Transportation and shipping
- Warehousing and storage
It is important to understand that when pursuing a Supply Chain Management degree, you need to have a fundamental understanding of the entire system and how these work together. The Supply Chain & E-Commerce as a Career course at Educeum provides rich understanding into the complexities involved in Supply Chain Management. You will prepare yourself for a job in the industry, or give wings to prospective entrepreneurial dreams!