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Read BlogsSupply chain management comprises the complete component production process. This covers both tangible things and operations. However, the precise significance of SCM differs based on the firm. While the essential aspects of the supply chain are usually the same, the specific procedures may differ according to the firm. Nonetheless, it encompasses all of the processes between purchasing the initial supplies and delivering them as part of a client contract. Supply chain management (SCM) aims to track and analyze information, resources, and product transfer. SCM is often limited to a specific good or operation.
Supply chain management Definition: The coordination and control of numerous operations involved in the manufacturing, distributing, and delivering products or services from their point of origin to the end user is referred to as supply chain management. This includes everything from acquiring raw materials for a product to distributing the finished product right to the client.
Students must select a course based on a certain area in order to become skilled in that discipline. If the student's concentration is managing inventory, he or she should take a course on the specifics of inventory management. Similarly, supply chain management degrees are varied for different individuals. Each course is divided into three levels: basic, intermediate, and professional.
Level | Course Name | Duration |
Beginner Level | ||
Supply chain management specialisation | 3 to 6 months | |
Supply chain analytics | 3-6 months | |
Supply chain logistics | 1-4 weeks | |
Global procurement and sourcing | 1-4 weeks | |
Supply chain operations | 1-4 weeks | |
Effective inventory management and optimisation | 1-4 weeks | |
Supply chain planning | 1-4 weeks | |
Intermediate Level | ||
Supply chain excellence | 3-4 months | |
Inventory management | 1-3 weeks | |
Supply chain planning | 1-3 weeks | |
Leverage data science for a more agile supply chain | 1-3 weeks | |
Supply chain finance and blockchain technology | 2-3 weeks | |
Inventory analytics with Excel | 1-3 weeks | |
Supply chain finance market and ecosystems | 1-3 weeks | |
Advance levels | ||
Supply chain principles | 1-3 weeks | |
Global master certificate in integrated supply chain management | 6 months | |
Leadership and Management in New Age Business | 1-3 weeks |
Many universities and business schools globally provide essential courses in SCM. To name a few universities providing supply chain management degrees
Ser No | University Name | Courses offered | Place | Global Score and Ranking |
1. | Massachusetts Institute of Technology |
|
Massachusetts | 95.2; #1 |
2. | Vienna University of Economics and Business |
|
Vienna, Austria | 88.9; #2 |
3. | Ross School of Business |
|
Michigan, United States | 88.4; #3 |
4. | Erasmus University Rotterdam |
|
Rotterdam, Netherlands | 82.4; #4 |
5. | Marshall School of Business |
|
Los Angeles, United States | 74.8; #5 |
6. | Alliance Manchester Business School |
|
Manchester, United States | 72.4; #6 |
7. | Trinity College Dublin |
|
Dublin, Ireland | 71.4; #7 |
8. | POLIMI Graduate School of Management |
|
Politecnico di Milano | 70.2; #8 |
9. | University of Washington Foster School of Business |
|
Seattle, United States | 69.4; #9 |
10. | The Mitchell E. Daniels, Jr School of Business |
|
West Lafayette, United States | 67.9; #10 |
The supply chains go from the consumer's demand to the production end of the company. However, the basic supply chain operations generally pertain to enterprise-controlled demand and supply management procedures.
Thus, the scope of supply chain management extends from procuring raw materials to delivering finished goods.
The scope of SCM is broad and includes a wide range of activities, each of which contributes considerably to a company's operations.
Supply chain management requires various technical, commercial, and quantitative abilities. Some of the technical skills developed during the process include expertise in transportation, shipping, and delivery systems and an understanding of supply chain tools and programs. Hence, it requires a comprehensive study. Acknowledging the content of a supply chain management degree is easy, and grasping the curriculum is not difficult. It just requires utmost dedication, fair knowledge, and analytical ability.
The Massachusetts Institute of Technology is considered to be the best in supply chain management courses. Their master's in supply chain management course offers a highly ranked and recognised course. Focusing on immediate relevance and cutting-edge MBA coursework, their course provides an innovative and integrated curriculum across major nations.
For supply chain management, the best subjects are accounting, marketing, hospitality, information technology and management.