Part Time Degree In Logistics And Supply Chain Management – A supply chain is a network of individuals and companies involved in making a product and delivering it to the consumer. Links on the chain start with the producers of the raw materials and end when the van delivers the finished product to the end user.
Supply chain management is a crucial process because an optimized supply chain results in lower costs and a more efficient production cycle. Companies are trying to improve their supply chain so that they can reduce their costs and remain competitive.
Part Time Degree In Logistics And Supply Chain Management
A supply chain includes every step involved in getting a finished product or service to the customer. The steps may include procuring raw materials, moving them into production, then transporting the finished products to a distribution center or retail store where they can be delivered to the consumer.
Coronavirus Is A Wake Up Call For Supply Chain Management
The supply chain starts working when a company receives an order from a customer. Thus, its essential functions include product development, marketing, operations, distribution networks, finance, and customer service.
If supply chain management is effective, it can lower a company’s overall costs and increase its profitability. If one link breaks, it can affect the rest of the chain and can be costly.
Many types of supply chain models are available. The model that a company selects will depend on how the company is structured and what its specific needs are. Here are a few examples:
The terms supply chain management (SCM) and business logistics management – or simply logistics – are often used interchangeably. However, logistics is really one link in the supply chain.
Layers To Logistics Services
Logistics deals with the planning and control of the movement and storage of goods and services from their point of origin to their final destination.
Successful logistics management ensures that there are no delays in delivery at any point in the chain and that products and services are delivered in good condition. This in turn helps keep the company’s costs down.
Efficient supply chain systems get every piece of the product where it is needed, when it is needed. This means controlling the flow of production costs.
The production cost flow is most relevant to companies that manufacture products that require many different parts from many suppliers. For example, a clothing manufacturer may need supplies of fabric, zippers, trim, and thread to all arrive at the same time. If some supplies arrive prematurely, they must be stored at the company’s expense. If some arrive late, the machines stand still while they wait.
College Of Logistics And Supply Chain Organized A Kaizen Training Program To Improve Works And Increase Productivity By Mr. Pitiphoj Saelek
An efficient supply chain management process requires reliable suppliers. This means that they produce a product that meets the manufacturer’s specifications and deliver it on time.
Suppose, for example, that XYZ Furniture produces high-end furniture, and that a supplier provides metal handles and other attachments. The metal components must be durable so they last for many years. They must meet the design and quality specified by the manufacturer, and they must work as intended.
The increased efficiency of supply chains have played an important role in curbing inflation. As efficiencies in moving products from point A to point B increase, costs decrease, which lowers the final cost to the consumer. While deflation is often considered a negative, supply chain efficiencies are one of the few examples where it is a good thing.
One of the worst economic problems caused by the COVID-19 pandemic was damage to the supply chain. The effects affected almost every sector of the economy.
How Technology Can Help Redraw The Supply Chain Map
Deliveries of products of all kinds were delayed due to ever-changing restrictions at national borders and long backups in ports.
At the same time, the demand for products changed abruptly. Shortages developed as consumers stocked up on essentials like toilet paper and baby formula. Masks, cleaning wipes and hand sanitizers were suddenly in demand. Shortages of computer chips are delaying the delivery of a wide range of products from electronics to toys and cars.
A late 2020 survey by Ernst & Young of 200 senior-level supply chain executives pointed to three key findings:
The pandemic had a profoundly negative effect, cited by 72% of supply chain managers. Automotive and industrial supplies businesses were hit worse.
Master Of Logistics And Supply Chain Management
“Visibility” is the top priority, and the word is meant literally. The executives want to focus on adding technology such as sensors that give them a better view of their orders throughout the process.
The pandemic accelerated the transition to digitization, with most of those surveyed seeing that digital transformation combined with increased automation will accelerate in the coming years.
Supply Chain Management (SCM) is the monitoring and control of all activities necessary for a company to convert raw materials into finished products that are then sold to end-users.
SCM provides centralized control for the planning, design, manufacturing, inventory, and distribution phases necessary to produce and sell a company’s products.
What Is Supply Chain Management Process? In 2022
A goal of supply chain management is to improve efficiency by coordinating the efforts of the various entities in the supply chain. This can result in a company achieving a competitive advantage over its rivals and improving the quality of the products it produces, both of which can lead to increased sales and revenue.
A supply chain begins with the sourcing of raw materials, whether that means mining diamonds, curing leather, or manufacturing plate.
That is the first step in the process. From there, the raw materials are taken to a wholesaler, who sells them in batches to manufacturers. Once delivered, the manufacturer uses the materials to create a product, which is then delivered to a retailer. Finally, it is sold to a consumer.
That’s the big picture, but remember that each step in the process is complicated by the need to prepare, pack, ship and unpack the product at each of its successive destinations.
Digital Supply Chain
Requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Amity offers a wide range of Supply Chain management courses, ranging from a diploma to a master’s in Supply Chain Management course from the University of London, with the aim of advancing your professional skills by gaining a comprehensive understanding of global supply chains, developing of the strategic and analytical resources required to handle them. Master’s in Supply Chain Management as well as logistics courses in Singapore are also offered for further immersive learning in the logistics industry. There are many reasons why taking a Supply Chain Management course is essential for those looking to climb the ranks in the industry. First, the logistics industry is evolving due to the continuous advancement of technology. This leads to consumers increasing their demands for quality and reliable supply chain management solutions. Another thing is that the boom of eCommerce has led to the boom of the logistics industry. With this comes the need for experienced professionals who can contribute positively to the industry and the companies they work for. Here at Amity Global Institute, we have designed our Supply Chain Management and Logistics courses in such a way that the graduates are ready for the revolutionary field they will enter. We keep our instructions and resources up to date with the latest trends in the industry to improve our students’ knowledge and skills when it comes to developing solutions and processes as well as making informed decisions for their businesses. As a postgraduate degree, our logistics course will expose the students to real-life situations where they can gather more insight and learn from experience.
Is supply chain management not the career you want to pursue in the future? No worries! We have many other courses to offer. Check out our page for other diploma courses in computer science, accounting, tourism and other interesting industries you might want to be a part of.
Amity provides a range of bachelor’s degree options in collaboration with our four university partners to help students further their professional growth.
Amity offers a variety of private diploma courses that are tailored to support students’ long-term goals and enable them to enter degrees offered by our university partners.
Logistics Vs Supply Chain: Key Differences
An Amity foundation course provides students with a solid foundation in skill sets and experience for developing a career in their chosen profession.
As a field that subjects one to constant analysis to solve the challenges along the way, effective learning is the only method to conquer the difficulties in the supply chain industry. Starting a supply chain management course is undoubtedly a crucial step to ensure that a student is equipped with the right knowledge and correctly retains various concepts for future applications. Here are some of the benefits of choosing Amity Global Institute for Supply Chain and Logistics Courses:
Supply chain management requires not only excellent financial and logistical skills, but also a fundamental understanding of related topics, as demonstrated by practice. As a result, we have developed an interdisciplinary strategy in which a variety of subjects are included in the curriculum. Our supply chain management and logistics courses cover topics from a variety of academic fields, including sociology, environmental science,
