Supply Chain Management
Posted : புதன்கிழமை, அக்டோபர் 26 , 2005 16:23:43 IST
Escalation of competition is probably one common phenomenon all industries face today, the world over. Cost cutting exercises in production or marketing or any functional area is the most important measure adopted by all business enterprises, be it a corporation or a startup to tide over this crisis. Effective supply chain Management is a critical factor in achieving success in this objective.
What is SCM?
A supply chain itself may be defined as network of utilities & distribution options. A supply chain includes all the tasks undertaken in the flow & transformation of goods from the raw material stage through to the end user (customer). It is noteworthy that the supply chain exists both in the manufacturing and services sector as it involves all functions associated with complying with a customer’s request. This mainly includes new product development, operations, marketing, distribution, and finance & customer service. Supply chains are dynamic & involve the constant flow of information, products & funds between different stages. It includes the following functions in an enterprise, the management of information systems, sourcing and procurement product scheduling, order processing, inventory management and disposal of packaging & materials. The stakeholders in the supply chain include manufacturers, suppliers, transporters, warehouse holders, retailers & customers. Supply chain management, thus is the integration of the aforesaid functions seamlessly through better co-ordination between the various, processing personnel involved in the various functional areas. Succinctly SCM is a strategy to achieve this objective SCM is the cornerstone of successful businesses in today’s global village.
Any graduate can pursue a postgraduate programme in supply chain management.
The responsibilities of SC manager is multiple and he has to co-ordinate with personnel from various departments of an enterprise to synchronize their activities to ensure that the product is produced or delivered at the most economical cost in the fastest time.
Since SCM is quite a modern concept, an acute paucity of trained personnel in this field exists globally. A recent study completed by the Chartered Institute of Purchasing and Supply (CRIPS) revealed that the ratio of demand: supply of trained personnel in: SCM was 7.5:1 in Britain alone .The opportunities for these personnel in India is enormous, with global enterprises establishing operational facilities in India and this is enhanced by the limited supply of trained SC Managers, owing to very few institution with in India offering SCM as an independent discipline. Graduates of SCM can become middle & senior level managers in privalte enterprises, public sector, and governmental agencies, NGO’s. Openings also exist in the academic for SC Management grads.
List of Institution