Top Colleges MBA Direct Admission in Supply Chain
SCM helps a lot to do in commercial and business, therefore, its scope has a lot in India and world-wide. It also increase the competitive advantages in market place therefore it is a beneficial course so interested candidates can apply the top colleges MBA direct admission in supply chain.
In commerce, SCM the management of the flow of goods and services, involves the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption.
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What is the role of SCM in business?
( Top Colleges MBA Direct Admission in Supply Chain )
Professional people having experience in SCM management have much influence on the success of the business. From planning, purchasing, production, transportation, storage, distribution and customer service SCM professionals are having a major role in the process of running in any business. They connect all the major departments in the organization. From controlling expense to boosting sales SCM managers maximize the profit of a company. Top Colleges MBA Direct Admission in Supply Chain
However, there are certain roles which need assistance and mutual participation. As SCM professionals connect different part of an industry it is easier for them to help other departments execute their strategies. The following areas need the help of SCM managers for working together as a team. Top Colleges MBA Direct Admission in Supply Chain
- Selection and Management of Suppliers effectively for supporting manufacturing processes.
- Making Transportation and Distribution efficient for marketing campaigns.
- Communicating with Customers periodically and monitoring a flow of the products
- Responding to Delivery problems in a collaborative way.
Each of the above roles is a starting point of a separate SCM Management career. A SCM management professional can choose whether to work for attaining results or apply technology or analyse data at various stages. This also differs among various industries like manufacturers, retailers and transport organizations. Top Colleges MBA Direct Admission in Supply Chain
The diverse industries where SCM management professional can work varies. In some cases, it is concentrating on operations or flow of people or flow of products in everyday scenarios. There are cases when SCM management is dependent on planning based positions. This kind of management concentrates on demand forecasting and inventory control. Top Colleges MBA Direct Admission in Supply Chain
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Key features of SCM management software:
( Top Colleges MBA Direct Admission in Supply Chain )
SCM management software is a business tool that helps you manage your SCM with greater efficiency. Most software systems have rich features that can streamline your SCM operations from start to finish. Top Colleges MBA Direct Admission in Supply Chain
Types of SCM management tools:
( Top Colleges MBA Direct Admission in Supply Chain )
Many different types of SCM management software exist. Some come as a standalone application or program; others are a part of broader solutions, such as customer relationship and enterprise resource planning systems.
The most common features of SCM management software include:
- Inventory management – for tracking and managing the availability of raw materials, the quantity of stocked goods or spare parts. This feature can also help with asset management, barcode integration and future inventory and price forecasting.
- Order management – for automating purchase order processes. For example, generating and tracking purchase orders, scheduling of supplier deliveries, and creating pricing and product configurations.
- Logistics and shipping status – for coordinating transportation channels, improving delivery performance and boosting customer satisfaction. Warehouse management features can help with storage optimisation, labelling, labour management and more.
- Forecasting – for anticipating customer demand and planning procurement and production processes accordingly. Efficient forecasting can help remove the need to buy unnecessary raw materials or store excess finished goods on warehouse shelves, hence reducing costs.
- Return management – for inspection and handling of damaged or faulty goods, and processing of refunds or insurance claims.
Many SCM systems also include extra options or modules that can support other processes, such as contract management, product life cycle management and more.
Ace1Guru Call for more Details at 09035556036 (Mayur Gautam), 09742479101 (Ankit Mishra), & 09742886036 (Anis) or visit www.mba-guru.com for further information.
Objectives of SCM:
( Top Colleges MBA Direct Admission in Supply Chain )
- A well designed SC is expected to support the strategic objectives of:-
- Solving supplier’s problems and beyond his level.
- Customer service performance improvement.
- Reduction of pre & post production inventory.
- Minimizing variance by means of activities like standardization, variety reduction, etc.
- Minimum total cost of operation & procurement.
- Product Quantity control.
- Achieving maximum efficiency in using labour, capital & plant through the company.
- Flexible planning and control procedures.
SCM process:
( Top Colleges MBA Direct Admission in Supply Chain )
SCM management is a process used by companies to ensure that their SCM is efficient and cost-effective. A SCM is the collection of steps that a company takes to transform raw materials into a final product. The five basic components of SCM management are discussed below –
Plan
( Top Colleges MBA Direct Admission in Supply Chain )
The initial stage of the SCM process is the planning stage. We need to develop a plan or strategy in order to address how the products and services will satisfy the demands and necessities of the customers. In this stage, the planning should mainly focus on designing a strategy that yields maximum profit. Top Colleges MBA Direct Admission in Supply Chain
For managing all the resources required for designing products and providing services, a strategy has to be designed by the companies. SCM management mainly focuses on planning and developing a set of metrics. Top Colleges MBA Direct Admission in Supply Chain
Develop (Source)
( Top Colleges MBA Direct Admission in Supply Chain )
After planning, the next step involves developing or sourcing. In this stage, we mainly concentrate on building a strong relationship with suppliers of the raw materials required for production. This involves not only identifying dependable suppliers but also determining different planning methods for shipping, delivery, and payment of the product. Top Colleges MBA Direct Admission in Supply Chain
Companies need to select suppliers to deliver the items and services they require to develop their product. So in this stage, the SCM managers need to construct a set of pricing, delivery and payment processes with suppliers and also create the metrics for controlling and improving the relationships. Top Colleges MBA Direct Admission in Supply Chain
Finally, the SCM managers can combine all these processes for handling their goods and services inventory. This handling comprises receiving and examining shipments, transferring them to the manufacturing facilities and authorizing supplier payments. Top Colleges MBA Direct Admission in Supply Chain
Ace1Guru Call for more Details at 09035556036 (Mayur Gautam), 09742479101 (Ankit Mishra), & 09742886036 (Anis) or visit www.mba-guru.com for further information.
What jobs can you get with SCM management degree?
( Top Colleges MBA Direct Admission in Supply Chain )
- Purchasing agent.
- Operations manager.
- Logistics analyst.
- SCM manager.
- Purchasing manager.
- Logistics manager.
- Production, planning and expediting clerk.
M.B.A in logistics and SCM management in India:
( Top Colleges MBA Direct Admission in Supply Chain )
M.B.A in Logistics and SCM Management course is inclusive of management processes such as implementation, control, planning of the flow of the product or service from the supplier to the consumer and monitoring of the ability of the flow of resources- goods and services. Top Colleges MBA Direct Admission in Supply Chain
Ace1Guru Call for more Details at 09035556036 (Mayur Gautam), 09742479101 (Ankit Mishra), & 09742886036 (Anis) or visit www.mba-guru.com for further information.
