What Can You Do from Supply Chain Management Certification?

About 57% of companies consider supply chain management certification a competitive advantage that helps them grow their business, as it is defined to plan, organize, direct and manage activities to develop value. It is a set of processes achieved to produce and distribute products.

This supply chain system collaborates between those involved in the supply chain to create value and share the advantage among participants properly to encourage them to share. The purpose of the system is to improve quality, reduce costs and achieve a competitive advantage. This can be completed by creating the value chain defined as the development of the supply components.

The importance of supply chain management

Supply chain management can increase the company's profitability and cash flow. They are the basic objectives of any company seeking to achieve continuity. Some of the main objectives that could be achieved according to this management are:

- Improve the satisfaction of customers: The company tries to improve customer loyalty when it improves its ability to deliver products of high quality and low cost.

- Improve efficiency: It facilitates processes by reducing useless processes.

- Develop the process of products delivery: decrease the required resources and time to deliver products at specified times to the required locations.

Simplifying connections between various supply chain parties

(distributors, producers, wholesalers, suppliers, retailers, consumers....) to increase coordination between supply chain parties. Trust is an important element in supply chain building partnerships, communication, and cooperation between different parties.

Supply Chain Management and The Provided Vary:

- Start-up: when the product is launched, supply chain management focus to deliver the product to the customer and satisfying its demand.

- Product growth phase: when customers' orders increases, the goal is to maximize the size of the supply chain and grow outlets.

- Maturity Stage: When order volume stabilizes, the goal is to increase supply chain efficiency to decrease cost.

- The stage of decreasing demand and profits: the objective is to reduce cost, reduce distribution, and increase supply chain efficiency.

Relationships between parties of the supply chain:

1- Payment system: It provides products according to the anticipation of demand; the objective of this system is to decrease the cost (relevant for maturity and regression stage).

2- Withdrawal system: It supplies products in response to actual demand, and the objective of this system is to grow the service it offers.

3- A mixture of withdrawal and payment systems: the two methods are combined, preferably used in industries where it is challenging to predict demand. At the same time, the economy of scale has a substantial impact on cost reduction.

Supply chain innovation

There are several ways to develop a supply chain, one of them can be divided into the following steps:

1- Note the possibility: Enable managers to notice modifications in the market and working environment, obtain and analyze customer and market data initially, and big data analysis can also be used for this.

2- Data analysis: Use descriptive and quantitative analysis tools to infer indicators and the custom of changes that could generate opportunities for supply chain development.

3- Discussion of changes: Discussion of modifications by different organizations and disciplines about the impact of changes on various products, processes, and organizations within the supply chain.

4- Organizational learning: Supply chain parties can learn from each other through their work as partners. With a culture of constant search for innovative opportunities that reduce their costs. Give them a competitive advantage, sharing and interpreting information that helps them modify their internal processes and the relations among organizations.

Supply Chain Management Training Course

It is necessary to take supply chain management training at the right institute. IMC Institute provides the latest in supply chain management courses with the best trainer.