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A supply chain manager or professional oversees the production flow of materials in a company, from purchasing raw materials to distributing the final product from its inventory. He is responsible for coordinating, organising, and supervising the activities that happen during the duration of the entire flow. The supply chain manager faces many challenges, requiring competent employees to master the necessary professional skill set. With the advent of AI, ML, and IoT, technology has rapidly advanced. Thus, the new era demands that supply professionals keep developing their technical skills. Hence, here are seven core technical competencies that supply chain professionals should master and continually upskill:- Global Business Orientation The global demand and supply chain have tremendously expanded for both retailers and manufacturers in recent years. It gives rise to various opportunities for global sourcing. Thus, the supply chain manager should be competent enough to operate in the fast-pacing international business environment. …

Due to the progress and complexity of supply chain operations because of globalisation, businesses are increasingly adopting analytical standards to enhance their decision-making capabilities and supply chain management efficiency. A company’s supply chain management must respond to changes as rapidly as possible to participate in a competitive market and improve quality. When catering to ever-changing client requirements, a well-functioning supply chain assures timely fulfilment of goods and services. Supply chain management benefits the company by increasing profit margins, lowering costs, and increasing employee productivity, among other things. As a result, companies are continually looking for employees who have completed supply chain management certifications and want to work in the industry. Why Choose A Career In Supply Chain Management? Careers for supply chain management qualified people are expected to increase by 30% in the next ten years, according to the US Bureau of Labor Statistics data. This field offers a wide…

Many people will say they are sourcing a product. However, the term sourcing can be confusing because it is a term that is used mostly in supply chain management. Sourcing refers to purchasing a product or service that will be used in your supply chain management. You must be mindful of the following factors when sourcing Identify potential suppliers Get in touch with the sourceChoose the source you want to buy from You need to follow several steps to source a product/service. Understanding your needsUnderstanding the market supplyCreate a sourcing strategyImplement your sourcing strategyGet in touch with potential suppliersEvaluate potential suppliersFinalize the purchase and agreements You should ensure that you source properly and have backup sources if your first choice in souring fails. Sourcing and Procurement Sourcing refers to the procurement of products or services for your supply chain management. Sourcing involves more than buying products from people. There are many…

Logistics is also known as physical distribution management. Many industries which produce goods regularly, including FMCG, and consumer durables, use logistics companies to distribute goods. These goods must be shipped to distributors, dealers, and consumers. Logistics refers to transporting goods from the company to either the middlemen or the end consumers. A logistics company is an entity responsible for managing another company’s supply chain. Depending on the terms of the commercial agreement, the logistics company may be involved in supply procurement, storage and transportation, and order fulfillment and distribution. Logistics is not limited to transport. A company may use many logistics functions or activities. For e.g., you will need to adjust your inventory if you are required to ship a product from your warehouse to a dealer. You must also have records that show when the goods left your warehouse and arrived at the dealer. You must also ensure that…

Ever since the e-commerce industry got prominence, supply chain and logistics have been the buzzword among students. Moreover, the policymakers, industry leaders, academicians, students, etc all are talking about it. Rubal Jain, Managing Director of Safexpress talks about the importance of the Logistics industry Now, if you are a young graduate or just completed your post-graduation and are planning to join the supply chain and logistics industry, you may be wondering what are the entry job profiles available for you. Dig in to know more about the skills required for logistics and supply chain management professionals. Let me take you through a few important job profiles in demand. A trained and certified logistics & supply chain professional can look forward to joining the industry in an entry-level position. Some of the jobs in logistics are as follows: Warehouse ExecutiveOperations ExecutiveDocumentation ExecutiveTransportation ExecutiveFleet Management ExecutiveVendor management executiveLogistics ExecutiveVMI ExecutiveProcurement ExecutiveCustomer Support…

Logistics and supply chain is a dynamic industry. Changes and disruptions happen almost every day. No new day is the same as the previous one. Every new day brings in its share of challenges and opportunities. The industry is wide, dynamic, and offers a rewarding career path. See this video to learn more about Supply Chain Management. While you can gain a lot of knowledge and skills on the job, having critical people skills is also important to work well with others in your workplace. Moreover, soft skills such as effective listening, interpersonal & organisational skills for logistics will make you stand out in the crowd. In this blog post, we would recommend you to work on the below-mentioned 10 supply chain management skills and the reason why you should work on them. Interpersonal skills – Interpersonal skills are the behaviors and tactics a person uses to interact with others…