Professional Certificate Program In Supply Chain Strategy And Management

Supply Chain Strategy and Management Course by IIM Kozhikode

Interdependability — this is what runs the whole universe. Why do we say so? Because everything around us is associated in some way or the other. You must have read about the Universal Law of Gravitation, which states that every particle in the universe attracts each other, eventually balancing the global order. This theory of interdependence, on which human existence relies, is relevant in almost all aspects of life, including the Business world. Thus, it wouldn’t be wrong to say that we live in a world of inter dependability.

Let’s now shed some light on the nature of today’s business affairs in view of the global inter-reliance. Business in the modern time is very much exhaustive. You can take the example of any successful company and look at its operational structure. You’ll find one thing in common a formidable supply chain design. One can say supply chain management acts like a catalyst that promotes a company’s growth in the long run.

Also Read: The Future of Supply Chain Management
 

Supply Chain Strategic Management: The 21st-century business blessing

Globalization has changed the game of modern-day business to the hilt. Carrying your products, ideas, and services to different corners of the world has become much easier. This has also posed several challenges in terms of competition. Now, brands don’t necessarily have to compete with local products but also with those made in other countries. Thus, brands need to create an expansive plan of action in order to stretch the scale beyond geographical boundaries. This has created the demand for shrewder and studious models of the global supply chain.

What is Supply Chain Strategy and Management? 

In the field of commerce, supply chain management (SCM) is defined as the management of the flow of goods and services, in addition to the storage of raw materials in-process inventory as well as final products. The movement can take place between businesses as well as locations to maximize brand value and gain an upper hand in the competitive market. Some define SCM as the organized management of products and services.

The supply chain is the fundamental aspect of the 21st-century business sphere. Any development depends on the flow of goods and services from one part of the world to another. This also includes several processes and technologies that are crucial in shaping the final products from raw materials. The management of the supply chain is extremely crucial for companies that look for extra cost-cutting and smooth delivery of products to their customers.

Also Read: What are the Stages of Supply Chain Management?
 

Supply Chain Strategy and Management Course by IIM-Kozhikode

We, at Talentedge, bring the best Supply chain strategy and management course in association with IIM Kozhikode. This online program is regarded as one of the best in the country for several reasons, including great market value and tremendous learning outcomes. Thousands of working professionals have already applied for this course in a bid to give their careers some stature. With the all-inclusive syllabus and learned faculties of IIM Kozhikode, you get an inordinate opportunity to expose yourself to the wider world of the supply chain.

What makes a course market-oriented? Its relevance in the modern business trends. This is what makes the IIM Kozhikode’s course one of the most prolific in India. Students get acquainted with the traditional form of management and strategy education while analyzing the modern trends. They learn how to handle this intensive process that makes the backbone of supply chain management. Business developments and strategy making are two other aspects that candidates become masters of while pursuing the course.

Also Read: How can Supply Chain Management Streamline Organisational Processes?
 

What do Supply Chain Strategic Managers do?

Supply chain managers have a lot of consequential tasks to perform in an organization. Especially in multinational companies and manufacturing units, their roles become even more indispensable. They majorly look after activities associated with the acquisition, production, and distribution of goods and services within an organization. Apart from these, they also play a substantial role in collaborating with various stakeholders to maintain the requirements of resources. Supply chain managers also take part in various decision-making processes to make sure the quality and quantity of manufactured product s don’t get affected. We will talk about a range of other responsibilities in the next section.

 Also Read: What are the Tasks Performed by Supply Chain Managers?
 

Major Roles and Responsibilities of Supply Chain Managers and strategists

The most crucial task of SC managers is to manage the movement of goods and services

1. Hiring and training organizers of the company’s teams come under their scrutiny.
2. Supply chain managers are also responsible for keeping an eye on the everyday workflow and operations within an organization.
3. Every company works on performance metrics for counting, comparing, and evaluating various factors influencing the supply chain.
4. Since cost-cutting and financial management also come under supply chain managers, they need to negotiate prices of raw materials and delivery charges demanded by shipping companies.
5. As a supply chain executive, you are expected to access the performances of manufacturers, suppliers, and other stakeholders.
6. Formulate strategies to make the process of the supply chain smoother and cost-effective.
7. Take part in the meetings of the product manufacturing department and give substantial inputs regarding the handling of products in an orderly manner.
8. Identifying and analyzing qualities of materials and services.
9. Plan and create efficient routes for systematic loading, unloading, flow, and storage of goods and raw materials.
   
   Also Read: 5 Functions of Supply Chain Management
    

Skills and Eligibility Criteria Required to Attend Supply Chain Strategy and Management Course

There is nothing much special that one requires to join the supply chain strategy and management course by IIM Kozhikode. Although, you are expected to be good at communication, both verbally and in writing. Work experience of a minimum of 2 years is also required by candidates who want to pursue this program. Along with English language proficiency, you must be a graduate (10+2+3) or diploma holder in any discipline from a recognized university in India. For international students, they need to present an equivalent degree from any university or institute in their respective countries. If you are good at leading a team and supervising them, this course is for you.

 Also Read: Skills And Competencies Required To Master The Art Of Supply Chain Management
 

Supply Chain Strategy and Management Course Curriculum (Syllabus)

• Fundamentals of Management: The supply chain strategy and management course by IIM Kozhikode begin with making candidates acquainted with the basics of management. They learn about microeconomics and business strategy, which are key to understanding the art of handling corporate business.
   
• Supply Chain Strategy: Getting a drift of the strategy-making process in the supply chain is very important for a candidate. This is what the course focuses on comprehensibly. Under this section, you will be introduced to the global supply chain, how it works, and the strategic importance of supply chain structure.
   
• Forecasting the Data Analytics (Hands-on exercises): Learn about different forecasting models while understanding the demand variability under the supervision of IIM Kozhikode’s distinguished faculty. This module also includes lectures on probability distributions in the supply chain.
   
• Supply Chain Design (Hands-on exercise): Students shall familiarize themselves with issues that arise in transportation and optimization. Plus, Distribution network design is also a part of this course curriculum.
   
• Supply Chain Management & Planning: Gain a deeper understanding of the strategies in sales and operations, along with the planning of material requirements. Learn the basics of analytics in the field of supply chain management.
   
• Supply Chain Coordination: Various topics come under this module such as managing product availability, double marginalization, risk pooling, etc. Courses by Talentedge are an opportunity to get a hang of various supply chain concepts including safety stock, quick response & postponement strategy, and multi-stage supply chain.
   
• Supplier Relationship Management: Become competent in procurement analysis and taking outsourcing decisions while undergoing this course. This module also teaches you about various types of contracts, supplier relationships, and partnerships. Understanding the fundamentals of supplier relationship management helps you acquire skills in sourcing and purchasing at the right price.
   
• Sustainable Supply Chains: What impacts do supply chain decisions face? What are green and collaborative logistics? What do you understand by triple bottom-line? You will get answers to these questions in this module of the Supply Chain Strategy and Management course by IIM Kozhikode.
   
• Logistics Management: t is very important for you to learn about various forms of logistics systems and the art of packaging & palletization. The course also makes you aware of warehousing and material handling, in addition to multi-modal strategy.
   
• Supply Chain Risk Management: Get acquainted with various forms of risks arising in supply chains and how to mitigate them with the supply chain course.
   
• Operations Strategy: Operational strategies play an important role in making the global supply chain a successful process. Candidates shall be given ideas to make these operations efficient. The course is also an opportunity to hone your skills in strategizing the functioning of different models.
   
• Capstone Project: The capstone project is an integral part of the supply chain strategy and management program by IIM Kozhikode. Under this project, students experience an opportunity to get involved in independent group researches, helping them get a hang of real-world challenges. These activities assist them to come up with innovative solutions for empowering their understanding of the production and distribution flow.
   

Importance of Global Supply Chain

Before setting foot in the sphere of supply chain management, it is imperative to understand its global importance. We live in a global village where every point is not more than just a few hours away. The CEO of a company can reach Mumbai from Malibu in a jiffy. A made-in-India car gets its components from China, Australia, Japan, etc. Laptop and smartphone manufacturers import semiconductors from countries like the United States, Taiwan, Netherlands, and South Korea. Similarly, Indian vaccines, Chinese smartphones, Mexican beers, Japanese & German cars, and Swiss watches are floating all around the world. Additionally, you must have heard about Airtel acquiring a huge stake in the UK’s OneWeb and Walmart acquisition of Flipkart in 2018.

All these are possible, thanks to the global supply chain. Companies from one part of the world can invest in those of other parts only because of the supply chain concept. This is indeed a very complicated process, which has been made extremely effective in the last few decades. One of the reasons behind this success can be the emergence of various supply chain management institutes such as IIM Kozhikode, which offers a comprehensive supply chain strategy and management program. If you are interested in pursuing this course, you can book your slot on Talentedge’s website.

Also Read: Best Global Supply Chain Management Online Course in India
 

Top Reasons to join a Supply Chain Strategy and Management Course

With lakhs of professionals seeking their future in the field of supply chain management, it has become one of the most sought-after courses in India. Over the years, it has extensively contributed to the global job market. Talentedge’s supply chain strategy and management course in collaboration with IIM Kozhikode — one of India’s premium B-schools, lets one find the leader in him/her. The course also promises to be helpful in one’s career growth and professional development. Let’s find out 10 reasons to pursue the supply chain strategic management course.

Also Read: Common Supply Chain Management Issues in Ecommerce Firms and How to Resolve Them
 

1. Supply chain management is a highly in-demand field for professionals who want to delve deeper into the ocean of supply chains and build a successful career.
2. The course helps you enhance your strategy-making ability that also opens the door to the wider world of business marketing.
3. Honing your managerial skills, in addition to discovering the elements of decision making is the center of gravity in this supply chain strategy and management program.
4. The supply chain is the need of the hour. Hardly anything, in today’s business sphere, can be done without it, creating a wide range of opportunities in the field.
5. Companies are looking for smart minds who can help them have an edge over their competitors in this highly competitive environment.
6. After completing the supply chain management course by IIM Kozhikode, you get acquainted with how the whole process of supply chain works and its importance in modern business affairs.
7. The course is an opportunity to gain an understanding of various concepts that are relevant to the changing nature of business in today’s world.
8. Along with the fundamentals of supply chain management, candidates are going to learn a number of analytical and forecasting models to solve problems that arise in this field.
9. The program is not just helpful in taking your career to a new height but also in bettering you as a person in many ways.
10. The Talentedge’s supply chain management course will work as a catalyst for boosting your career opportunities in the field of management and strategy-making.

Also Read: How to Successfully Manage Supply Chains
 

Scope of Supply Chain Strategy and Management in India and the world

We have already discussed the significance of supply chain strategy and supply chain management. This field of immense gravity has been attracting lakhs of professionals every year in India. Almost every industry thrives on the expertise of supply chain strategies, management, and logistics. In addition, consulting companies also accommodate such professionals.

The scope of supply chain management in India is quite flourishing. After completing the course, you can expect job offers from a horde of companies from various fields. Corporations are constantly in search of operation managers, logistics managers, distribution managers, etc. to manage their supply chain issues. In order to stay in demand to the job market, all you need to do is hone your skills by attending the supply chain strategy and management course by Talentedge in collaboration with the Indian Institute of Management, Kozhikode.

Also Read: What are the Career Opportunities in Operations and Supply Chain Management?
 

FAQs on Supply Chain Strategy and Management Course:
 

Q. Why choose Supply Chain Strategy and Management as a career?

Ans: Why not? The whole business of today’s corporate world runs on a supply chain. The field demands market strategists in large numbers. Supply chain managers have great say in the decision-making processes of a company. A number of young minds are getting attracted to this field in order to better their career prospects.

Q. What skills do supply chain managers need?

Ans: Let’s be clear; supply chain managers are supposed to be multi-talented. They are mong the most significant employees in the industry. Talking about the skills they need to be perfect in, supply-chain understanding, strategic management, decision-making, etc. are prominent. Additionally, one needs to be good at making strategies, market research, competition analysis, analytical thinking, etc. in order to excel in this highly competitive arena.

Q. What are the four stages of supply chains?

Ans: The supply chain industry works mainly on four stages — the introductory stage, the development stage, the maturity stage, and the stage of downfall. Professionals need to make supply strategies according to the need of each phase. For this, they first have to understand the market demands and product viability.

Q. Can I become a good supply chain manager?

Ans: There is no doubt that anyone can become a supply chain manager. But to be a successful one, you have to dedicate yourself to this field, while being aware of new developments and transformations taking place in the field. If you enjoy leading from the front and creating strategies that can take a company to newer heights, this course will only make you an adept management professional.

Q. Why is supply chain management a good career path for me?

Ans: Thousands of working professionals dream of landing in the field of supply chain management, for it is one of the most sought-after sources of employment. Supply chain managers and strategists get huge salary packages from corporate houses, especially those with multinational reach. Many people get confused about whether this path is good for them or not, which is completely normal. All you need to do is create a list of your strong areas and access if you can be instrumental in an organization’s growth.

Q. What is the difference between supply chain managers and strategists?

Ans: Managers are those who lead an organization or a team. They supervise the company’s human resources. While Strategic leaders generally play the role of advisors who help a business reach the door to success. As the name suggests, supply chain strategists make business strategies by analyzing different factors affecting the global market. While a manager’s role is simply to keep workers ready and prolific for the tasks. In several cases, both these roles are performed by one person.

Q. What skills do I need to attend this certification course?

Ans: No one but you can answer this question. The only skill you require is your inner zeal to make a career in this dynamic field. Studying the fundamentals of supply chain marketing is a beautiful experience that will take your professional journey to a newer height. Just be attentive and committed to this course and you’ll see the result.

Q. Which industries hire supply chain managers the most?

Ans: No industry in the corporate world does not require supply chain managers and supply chain strategists? Almost all goods and services companies are looking for such professionals. From automobile to pharmaceutical and from agriculture to telecommunication, almost all industries hire supply chain management professionals in large numbers.

Q. What should I expect from a Supply Chain Strategy and Management program?

Ans: Talentedge’s supply chain strategy and management program is a comprehensive course that focuses on the overall development of a professional. In other words, this course is a key to success for those dedicated individuals who aspire to take their careers to a greater height in years to come. Multiple job offers from various fields await you after completing this course successfully.

Q. Who is the father of supply chain management?

Ans: Keith Oliver first coined the term “supply chain management” in 1982. He first mentioned this term in an interview with Arnold Kransdorff of the Financial Times. An English logistician and consultant, Keith Oliver defined supply chain as “the process of planning, implementing, and controlling the operations of the supply chain with the purpose to satisfy customer requirements as efficiently as possible. Supply chain management spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point-of-origin to point-of-consumption.”

Q. How to become a supply chain management executive?

Ans: If you aspire to become a supply chain manager, get the basic education and training in the field. For this, you can join, Talentedge’s supply chain strategy and management course by IIT Kozhikode. It is advised to proceed step by step and first complete your Bachelor’s degree and work in this field for about 5-7 years. This will give you a lot of clarity regarding the SCM sphere.

Q. What are the basic tasks of supply chain strategists?

Ans: A supply chain strategist formulates plans and tactics to enhance the operational efficiency of a company. It would not be wrong to say the growth of multinational corporations depends on the ideas of their strategists. They are responsible for enacting a strategic and far-sighted vision with deep commitment.

Q. Which are some of the best institutes to pursue Supply Chain Strategy And Management courses?

Ans: Being one of the most job-oriented fields of study, supply chain management is offered by various Business institutes across the world. However, landing into the best college is what you are aiming for, the Indian Institute of Management, Kozhikode (IIM-K), Xavier Institute of Management (XLRI Jamshedpur), and American Intercontinental University should be among your consideration list. Many working professionals don’t have much time to attend full-time courses. So, they can join Talentedge’s Supply Chain Strategy and Management program by IIM Kozhikode.