What are main objectives of supply chain management?

The basic objective of supply chain management is to ensure minimum cost and maximum efficiency in every aspect of handling of raw material, component parts and finished goods as they move from production centre to the final consumer.

What is the main objective of supply chain?

It includes the movement and storage of raw materials, work-in-process inventory and finished goods from source to consumption. The broad objectives of Supply Chain Management are to create value, build a competitive infrastructure, leverage worldwide logistics, synchronise supply with demand and measure performance.

What are the activities of supply chain management?

Supply chain management is the process of delivering a product from raw material to the consumer. It includes supply planning, product planning, demand planning, sales and operations planning, and supply management.

What are the requirements to become a supply chain manager?

Education and Training. As explained below, the educational requirements for supply chain managers are quite straightforward. Complete secondary education. Earn a diploma, higher national diploma or bachelor’s degree. The recommended fields of study include transport management, logistics, and supply chain management.

What you can do in supply chain management?

Identifying potential problems. When a customer orders more product than the manufacturer can deliver, the buyer can complain of poor service. Optimizing price dynamically. Seasonal products have a limited shelf life. Improving the allocation of “available to promise” inventory.

What are the responsibilities of a supply chain manager?

A supply chain manager is responsible for managing and organizing the activities involved with the identification, acquisition, production and distribution of the goods that a company provides to its customers.

What can I do with a major in supply chain management?

With a bachelor’s degree, you can usually qualify for entry-level jobs in supply chain management. Adding experience in the field to your education could allow you to pursue supervisory positions. Some possible job titles include purchasing manager, materials handler, warehousing supervisor, customs specialist and quality control analyst.