Supply Chain Management
supply chain management is the process of managing the movement of the raw materials and parts from the beginning of production through delivery to the consumer. In many organizations, operational supply chain management decisions are made hundreds of times each day affecting how products are developed, manufactured, moved, and sold. The complexity of the supply chain varies with the size of the business and the intricacy and quantity of items manufactured, but most supply chains have elements in common, such as the following:
- Customers: Customers start the chain of events when they decide to purchase a product that has been offered for sale by a company. If the product has to be manufactured, the sales order will include a requirement that needs to be fulfilled by the production facility.
- Planning: The planning department will create a production plan to produce the products to fulfill the customer’s orders. To manufacture the products, the company will then have to purchase the raw materials needed.
- Purchasing: The purchasing department receives a list of raw materials and services required by the production department to complete the customers’ orders.
- Inventory: The raw materials are received from the suppliers, checked for quality and accuracy, and moved into the warehouse.
- Production: Based on a production plan, the raw materials are moved to the production area. These raw materials are used to manufacture the finished products ordered by the customer and then sent to the warehouse where they await shipping.
- Transportation: When the finished product arrives in the warehouse, the shipping department determines the most efficient method to ship the products so they are delivered on or before the date specified by the customer.
When used in a business sense, logistics is the management of the flow of things between the point of origin and the point of consumption in order to meet requirements of customers or corporations. The resources managed in logistics can include physical items such as food, materials, animals, equipment, and liquids, as well as abstract items, such as time and information. The logistics of physical items usually involves the integration of information flow, material handling, production, packaging, inventory, transportation, and warehousing.
There is often confusion over the difference between logistics and supply chains. It is now generally accepted that logistics refers to activities within one company/organization related to the distribution of a product, whereas supply chain management also encompasses manufacturing and procurement and therefore has a much broader focus, as it involves multiple enterprises, including suppliers, manufacturers, and retailers, working together to meet a customer’s need for a product or service.
One way to look at business logistics is “having the right item in the right quantity at the right time at the right place for the right price in the right condition to the right customer.” An operations manager who focuses on logistics will be concerned with issues such as inventory management, purchasing, transportation, warehousing, and the planning and organization of these activities.
It is important to remember that while the terms should not be used interchangeably, they do supplement each other. One process cannot exist without the other. Here are some key differences between the two terms that will help you keep from blurring the lines between them.
- Supply chain management is a way to link major business processes within and across companies into a high-performance business model that drives competitive advantage.
- Logistics refers to the movement, storage, and flow of goods, services and information inside and outside the organization.
- The main focus of supply chain is a competitive advantage, while the main focus of logistics is meeting customer requirements.
- Logistics is a term that has been around for a long time, emerging from its military roots, while supply chain management is a relatively new term.
- Logistics is an activity within the supply chain.
Benefits of logistics and supply chain management training
Logistics management training courses give employees or prospective employees a big advantage in the job market. With companies looking to expand and ship goods and raw materials, businesses can gain a lot from someone who has completed such a course.
These courses give you the theoretical, and if you do one at the correct institution, the practical knowledge to carefully manage the supply chain management operations of a company. Specifically, you will look at the planning, procurement, pricing, stock management and distribution or logistics of businesses.
By having studied these different aspects of a business, you will be able to make informed decisions about helping your company in creating a competitive infrastructure as well as synchronizing supply and demand.
There are personal benefits to doing such a course as well. You will improve your employability and your earning potential and open up career paths such as inventory planning, distribution planning, logistics management, import and export management, transportation management and supply chain management.
Even if you are already working in the field you can still benefit from logistics management training courses. You can have your knowledge refreshed or have your knowledge certified by completing such a course.
Here are some reasons why you should consider a career in Supply Chain Management and Logistics
- With each passing day, numerous job opportunities are opening in this sector.
- Careers in this field are paying higher.
- Jobs are available in this sector for individuals at every educational level.
- Advancement opportunities are also plenty.
- Careers in this field are very interesting.
- Job opportunities for the female gender are also increasing every day.
- These careers provide a stepping stone into international business.
A short duration course in supply chain management and logistics provides its delegates with knowledge in market needs, planning methods, and flow management. Delegates will gain skills in planning, analytics, technology, management, and organization. These enable them to evaluate logistical accomplishments and execute new logistical procedures.
Where can i get the best logistics and supply chain management training in Nigeria?
After reading the benefits and importance of logistic and supply chain management training, the question is where can you get logistic and supply chain management training in Nigeria? The answer is simple, JobSkills Training Institute. They are professionally trained to teach logistics and supply chain management training, and are have been awarded with recognized certificates.
JobSkills training institute has branches for logistics and supply chain management training in Lagos State, Delta state, Rivers state, Edo state, Ogun state and FCT Abuja.
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