Supply chain management (SCM) is the process of planning, implementing, and controlling the operations of an organization’s supply chain as efficiently as possible. It encompasses the management of all activities related to sourcing, procurement, conversion and logistics, including coordination with channel partners.
Companies of all sizes are looking for supply chain management specialists to enhance competitiveness by improving product quality; controlling inventory, production and distribution costs; shortening time-to-market; and maintaining win-win relationships with suppliers and strategic partners. (cont.)
You can acquire the skills and credentials that are in demand by earning an bachelors or masters degree online in Supply Chain Management. Besides a solid foundation in general business management skills, online coursework in Supply Chain Management typically includes:
In-depth understanding the various components of the supply chain, from point-of-origin to point-of-consumption
Optimizing the distribution network, including shipping, docking, transportation and replenishment
Information management across the supply chain, including demand-triggers and forecasting
Inventory management of raw materials, work-in-process and finished goods
Cash-flow management, including payment terms and methodologies for exchanging funds across entities within the supply chain
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