Supply Chain Management Online Courses

In today’s dynamic and competitive business landscape, supply chain management is essential and indispensable to a company’s success and contributes significantly to customer satisfaction.

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Supply Chain Management Course Overview

Logistics and supply chain management are terms you would frequently come across in the field of business. A supply chain refers to the network of organisations, individuals, activities, resources, and technology involved in producing and selling goods and services. It includes everything, from the manufacturer sourcing raw materials from the supplier to the final delivery of products to the end-user. Thus, a supply chain covers all aspects of the production/manufacturing process.

The activities at each stage of production, the conversion of natural resources into usable materials, information and material flow, human resources, and all other factors that go into the making of the finished product or service are within the supply chain. Understanding the supply chain is crucial for optimising the overall functionality of business operations, and that’s where supply chain management comes into the picture.

In today’s dynamic and competitive business landscape, supply chain management is essential and indispensable to a company’s success and contributes significantly to customer satisfaction.

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FAQ on Supply Chain Management Courses

1What is a supply chain?

A supply chain refers to the network of organisations, individuals, technology and processes involved in creating a product or service and its final delivery to the end consumer.

2What is supply chain management?

Supply chain management involves the planning and managing activities involved in the flow of goods and services from the raw material stage to the finished products.

3What is logistics?

In commerce, logistics refers to the planning and execution of efficient storage and transport of goods from their source to the final destination.

4What are the five supply chain management processes?

The five supply chain management processes or components are - plan, source, make/execute, deliver and return.

5What are the six types of supply chain management?

The six types of supply chain models are - the fast model, the continuous model, the agile model, the efficient model, the flexible model and the custom-configured model.

6Why is supply chain management important?

Supply chain management is important to businesses for several reasons, including increased visibility into supply chains, reduced costs, better customer service and improved finances.

7What are the challenges of SCM?

Some of the biggest challenges companies face in SCM include quality customer service, cost of raw materials, labour and energy, supplier relationship, risk management, unforeseen delays, incompetent personnel and volatile markets.

8What skills do I need to build a supply chain career?

The top skills to get hired for SCM jobs are knowledge of IT and automation, project management, awareness of market trends and consumer behaviour, negotiation abilities and communication skills.

9Is there a typical career path in supply chain management?

There is no defined career path in SCM since your employment opportunities will depend on various factors like experience, skills, industries, organisations and the type of employers.

10What kind of jobs are available for supply chain management graduates?

Some common job roles for SCM graduates include Commodity Specialist, Business Analyst, Distribution Manager, Operations Manager, Project Manager, Plant Manager, Purchasing Manager and Sourcing Specialist, to name a few.

11Is an internship important for a career in SCM?

Yes, an internship is extremely valuable if you’re aspiring to build a career in supply chain management. Internships give you hands-on experience and industry exposure in SCM, logistics, transportation and other relevant skills.

12Is supply chain management a good career choice in India?

Yes, supply chain management is a good career choice in India. The demand for supply chain management professionals is high as organisations across various sectors realise the pressing need to strengthen the supply chain infrastructure for improved efficiency.

13What do SCM professionals do?

The responsibilities of supply chain management professionals depend on the specific job role. For example, production/operations professionals carry out product/service design, facility layout, location planning, capacity planning, demand forecasting and so on. On the contrary, procurement/purchasing professionals identify and analyse sources of materials, select and evaluate suppliers, negotiate contracts, place orders and acquire materials.

14What are the core areas in supply chain management?

Purchasing/procurement, production/operations and transportation/logistics are the core areas in SCM.

15What is the average starting salary for SCM professionals?

While the average starting salary of an SCM professional in India is INR 484,333, entry-level positions in the United States pay around USD 55,096 on average.

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  1. The above statistics depend on various factors and individual results may vary. Past performance is no guarantee of future results.

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