Practical Supply Chain Management ( SCM )
Proven ways to improve supply chain management, Supply chain management strategies for business, supply chain risk etc.
Description
At its most fundamental level, supply chain management's objective is to ensure that inventory is readily available in customer- facing positions to meet demand. Organizations must strive to match supply and demand on time by making the best use of cross-chain resources. Partners in the supply chain must collaborate to maximize resource productivity, standardize processes, avoid duplication of effort, and reduce inventory levels. These procedures will assist the firm in reducing waste, reducing expenses, and increasing supply chain efficiency. Cost reduction in the supply chain is an important goal, especially during periods of economic uncertainty when businesses seek to converse money. Customers are the organization's lifeblood and necessitate the existence of supply chain. As a result, a core goal of supply chain management must be to constantly meet or exceed customer needs. Customer value creation begins with a market- driven client service strategy founded on well-understood customer expectations. These criteria should be the base to develop supply chain strategy, design, and capabilities. As a result, service will be of higher quality, variability will be reduced, and fewer violations will be addressed.
Another critical reason to invest in supply chain management capabilities is the ability to adapt to change. The current business environment is volatile, with numerous factors influencing how organizations run and survive. Supply chain management can assist businesses in adapting to the challenges of globalization, economic instability, and rising consumer expectations, among other concerns.
What You Will Learn!
- Proven ways to improve your supply chain management
- Top supply chain management strategies for business
- Top ways to reduce supply chain cost
- How to achieve supply chain excellence in manufacturing
- Major supply chain risk
- Top supply chain management risk
- Top suppl chain management challenges
- Key principles of supply chain management
- Benefits of technology in supply chain management
- Myths about supply chain management
- Goals of supply chain management
Who Should Attend!
- CEO, directors, managers, supervisors, consultants, employees, companies, business people, students etc.