Supply Chain Management

Supply chain management is the management of the flow of goods and services and includes all processes that transform raw materials into final products. It involves the active streamlining of a business’s supply-side activities to maximize customer value and gain a competitive advantage in the marketplace.

The dynamic field of supply chain management has become increasingly important as more companies use supply chain strategies as a means of market differentiation. In a time of rapid technological change, you need to keep learning to keep up. That’s where QSG comes in.

The concept of Supply Chain Management (SCM) is based on three core ideas:

The organizations that make up the supply chain are “linked” together through physical flows and information flows.

Three major developments that have brought SCM to the forefront of management’s attention.

First, organizations are moving towards a concept known as electronic commerce, where information transactions are automatically completed via Electronic Data Interchange (EDI), Electronic Funds Transfer (EFT), Point of Sale (POS) devices, and a variety of other approaches. The late 1990s and early 2000s saw the emergence of on-line “trading communities” that put thousands of buyers and sellers in touch with one another.

The second major trend is increased competition and globalization of businesses. The rate of change in markets, products, and technology is increasing, leading to situations where managers must make decisions on shorter notice, with less information, and with higher penalty costs. At the same time, customers are demanding quicker delivery, state-of-the-art technology, and products and services better-suited to their individual needs. In some industries, product life cycles are shrinking from years to a matter of two or three months.

Third, the information revolution has given companies a wide range of technologies for better managing their operations and supply chains. Furthermore, increasing customer demands and global competition have given firms the incentive to improve these areas. But this is not enough. Any efforts to improve operations and supply chain performance are likely to be inconsequential without the cooperation of other firms.

Supply Chain Management Learning & Development

QSG is continuing to provide the industry-leading APICS/ASCM certifications-readiness training and other customized training you have come to trust. We are also expanding to deliver end-to-end professional development and education offerings through our global network of thought leadership partnerships and alliances. Our newly created Supply Chain Learning Center will offer online and on-demand learning opportunities for members and customers.

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